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All other sectoral indices were also trading in red.

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Markets in red

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ICICI Bank (+1.48%) and Kotak Bank (+1.40%) are the top gainers with over a 1% uptick.

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Media index showed some recovery and registered a 0.50% uptick.

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NINL operates a 1.1 MTPA integrated iron and steel plant in Kalinganagar, Odisha.

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Nifty FMCG up by nearly 1%.

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All the major sectoral indices on Nifty are trading in red.

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The data highlighted that Moscow was the fourth-largest steel supplier to India from April to January.

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FMCG (+0.46%) and Metal stocks (+0.33%) indices are trading marginally higher.

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The MoU was signed on Tuesday by D B Sundara Ramam, vice president Raw Materials, Tata Steel, and Prof. R. Pradeep Kumar, director CBRI.

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JSW Steel will invest Rs 3,300 crore in the proposed plant in the first phase.

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