All eyes are now on the RBI policy later this week in which the street is expecting a status quo. PSU Banks were the other bunch of stocks that rallied on Tuesday.

Share Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended in the red on Tuesday. Losses in oil and metal shares dragged the Nifty 50 index lower. Nifty Midcap 100 touched a record high mark earlier in the session on Tuesday.

According to market sources, shares of Concord Biotech are commanding a premium of Rs 124, and if the trends sustain, the stock is expected to fetch a decent premium of 17 percent on the listing. The grey market premium (GMP), however, has declined 33 per cent for Concord Biotech in the past three days. The GMP stood at Rs 185 per share on August 4.

BSE Sensex fell 84 points to 65,847, while the Nifty 50 fell 26 points to hit 19,571. Nifty Bank, on the other hand, posted a 127 points increase, while the Midcap index, which hit a record high earlier in the session, rose 88 points.