Sensex settles lower as financial, consumer stocks weigh

Indian shares settled lower on Tuesday, led by a fall in financial and consumer stocks with Yes Bank Ltd closing at its lowest in over six years.

The broader NSE index closed 0.33% lower at 11,017, while the benchmark BSE index finished down 0.2% at 37,328.

The Nifty PSU index finished the day 2.35% lower, with State Bank of India settling down over 1%.

Among consumer stocks, Britannia Industries Ltd lost 3.24% to its lowest since February 2018, while ITC Ltd settled 1.87% lower.

IT stocks held onto gains and closed 1.2% higher as the rupee weakened to its lowest since February.