The Sensex recovered its early losses and trying to make headway towards positive terrain.
Realty, auto and FMCG stocks led the declining charts, whereas IT stocks gained ground. BSE Midcap and Smallcap index lost 0.85% and 0.87% respectively.
With no great triggers on the way, the mood remains quite watchful on the bourses today.
Madhya Pradesh Tourism Minister Tukoji Rao Pawar was arrested for allegedly threatening and intimidating a lady returning officer and sent to jail by a court in a dramatic action on Tuesday. All this happened ahead of Assembly elections in the BJP-ruled state.
Pawar is conesting assembly polls from Dewas. Police had arrested another ruling party nominee from Sonkatch, Phool Chand Verma in connection with the same case.
Earlier Returning officer for Sonkatch and Sub-Divisional Magistrate (SDM) Sanjana Jain lodged a complaint against them for obstructing official work and threatening her following a dispute over a poll-related issue.
China has rejected India’s assertion that Arunachal Pradesh was its integral part. Rather Beijing said that McMahon Line is “illegal” and the status of the border state was “never officially demarcated”.
Chinese foreign ministry spokesman Qin Gang said on Tuesday that New Delhi had not taken into account “historical facts”. “We deeply regret the Indian side’s remarks that take no regard of the historical facts,” Qin said.
“China and India have never officially settled demarcation of borders, and China’s stance on the eastern section of China-India borders is consistent and clear-cut,” Qin said at a regular bi-weekly news briefing.