Domestic equity benchmarks Sensex and Nifty closed lower for the second consecutive session on Tuesday, weighed down by weak investor sentiment following the sharp hike in H-1B visa costs. Adding to the pressure, the rupee tumbled to a record low of 88.76 against the US dollar.

At the closing bell, the Sensex slipped 57.87 points, or 0.07 per cent, to end at 82,102.10, while the Nifty50 declined 32.85 points, or 0.13 per cent, to settle at 25,169.50. Advertisement

Vatsal Bhuva, Technical Analyst at LKP Securities, said the 50-pack index found support near its 20-day EMA and closed near the 10-day EMA, maintaining a positive broader outlook as long as it holds above the 50-day EMA at 24,900.

“However, significant call writing was witnessed at the 25,300–25,400 zone, where a hanging man

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