Indian shares ended lower on Tuesday, with oil-to-retail conglomerate Reliance Industries Ltd accounting for a major chunk of the losses, while a weak rupee buoyed IT stocks. The broader NSE index ended 0.51 percent lower at 10,198.4, while the benchmark BSE index closed down 0.52 percent at 33,891.13.
Reliance Industries fell 2.8 percent, while Housing Development Finance Corporation Ltd slipped 1.6 percent. Hindustan Petroleum Corp Ltd fell 4.6 percent, and was the top loser on the NSE index. Software services exporter Infosys Ltd's stock rose 2.3 percent and was the biggest boost to the index.
Heavyweight Reliance Industries, owner of the world's biggest refining complex, weighed down the most on the index on Tuesday, with the stock falling as much as 2.2 percent. Shares of Bharat Petroleum Corp Ltd fell as much as 4.8 percent after the company's September-quarter profit nearly halved, hurt by higher expenses on account of forex losses. Meanwhile, financials continued to boost, with top lender State Bank of India adding to gains posted in the previous session, climbing as much as 2.9 percent to a near three-week high.
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