Domestic benchmark indices, Sensex and Nifty, opened lower amid mixed global cues, as selling was seen in the auto, PSU bank and financial service sectors in the early morning trade today.
Sensex declined 243 points to 81,815, while Nifty dropped 73 points to 24,871 in the early trade.
In the Asian markets, China, Hong Kong, Japan, Bangkok, Seoul and Jakarta were trading in green.
The BSE Sensex fell 872.98 points, or 1.06 per cent, to settle at 81,186.44. The index traded in the range of 82,250.42 – 81,153.70 on Tuesday.
The Nifty50 settled 261.55 points, or 1.05 per cent, lower at 24,683.90.
Barring Tata Steel, Infosys, and Tata Consultancy Services (TCS) all the other constituent stocks of Sensex ended in the red, dragged by Eternal (down 4.24 per cent), Maruti Suzuki (down 2.7 per cent), UltraTech Cement (down 2.04 per cent), Power Grid (down 2 per cent), and Nestlé India (down 1.9 per cent). Tata Steel, Infosys, and Tata Consultancy Services (TCS), on the other hand, managed to eke out gains of 1.27 per cent, 0.23 per cent, and 0.07 per cent, respectively.
The market breadth remained negative, with 2,522 out of 4,104 traded stocks on the BSE ending lower, while 1,448 settled in the green. 134 stocks, on the other hand, remained unchanged on Tuesday.
Among the broader basket, the Nifty Midcap100 and Smallcap100 indices ended down by 1.62 per cent and 0.94 per cent, respectively.
Sell-offs were more pronounced in the sectoral front, with Auto being the worst hit, as the Nifty Auto index ended down by 2.17 per cent. All other sectoral indices also settled in the red on Tuesday.