The 30-share BSE benchmark fell 205.04 points to 57,910.46 in early trade on Tuesday.
The 30-share BSE benchmark fell 205.04 points to 57,910.46 in early trade on Tuesday.
Equity benchmarks Sensex and Nifty fell in early trade on Tuesday amid an overall weak trend in global markets, halting their four-day rally.
The 30-share BSE benchmark fell 205.04 points to 57,910.46 in early trade. The broader NSE Nifty ended 71.85 points lower at 17,268.20.
Among Sensex constituents, Tata Steel, UltraTech Cement, ICICI Bank, Tech Mahindra, HDFC and Axis Bank were the biggest losers in early trade.
However, Asian Paints, ITC, Hindustan Unilever, Reliance Industries, IndusInd Bank and State Bank of India gained.
In Asia, markets in Seoul, Shanghai, Tokyo and Hong Kong were trading lower.
On Monday, US markets closed with a fall.
On Monday, the BSE benchmark had climbed 545.25 points or 0.95% to end at 58,115.50. Nifty rose 181.80 points or 1.06% to 17,340.05.
Meanwhile, international oil benchmark Brent crude fell 0.73% to $99.25 a barrel.
Foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 2,320.61 crore on Monday, according to exchange data.
“Markets are likely to take a sigh of relief and keep an eye on weakness in other Asian indices and see an overnight decline in US gauges.
“However, there is a possibility that the market could move on some positive catalysts such as fall in US Treasury yields in overnight trading, strong July GST collections, and foreign investors continuing to invest in local equities in the past. A couple of weeks,” Prashant Taapsee – Research Analyst, Senior VP (Research), Mehta Equities Ltd said in his pre-opening market commentary.