Mumbai: The rally fueled by Iran nuke deal came to a grinding halt. The Sensex ends down 180.06 points at 20425.02 and the Nifty ends at 6059.10, down 56.25 points.
Bank, oil and realty stocks lead the decline. About 1047 shares advanced, 1449 shares declined, and 137 shares were unchanged.
Oil held near USD 111 a barrel on Tuesday as investors judged the historic deal between Iran and world powers would bring no immediate increase in crude oil supplies from the OPEC member, reports Reuters.
The deal halts Iran's most sensitive nuclear activity and suspends some sanctions by the West, but caps Iran's exports at the current level of about 1 million barrels per day (bpd).
The Reserve Bank of India on Tuesday allowed banks to treat loans given to medium manufacturing enterprises after November 13 as priority sector advance, in its efforts to provide enhanced liquidity support to the medium and small enterprises.
The RBI also allowed incremental bank loans to medium services enterprises extended after November 13 to up to Rs 10 crore and raised the loan limit given to micro and small service enterprises to Rs 10 crore from Rs 5 crore that will be treated as priority sector advance.
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