Indian shares closed lower on Tuesday, amid choppy trade in a holiday-shortened week, as information technology and energy stocks weighed.
"Markets were choppy on expected lines as institutions remained on the sidelines due to Christmas," Manav Chopra, head research — equity, Indiabulls Ventures Ltd, said in a note.
Yes Bank ended 3.12% higher and was the top gainer on the Nifty 50 index, while Bharat Petroleum Corp was the top loser, shedding 3.1%.
Asian shares edged lower and U.S. stock futures darted in and out of losses as the holiday lull offset optimism that a U.S.-China trade deal will boost exports and corporate earnings.
Indian markets will be closed on Dec. 25 on account of Christmas holiday.