The benchmark BSE Sensex on Tuesday closed intra-day gains with a fall of a little over 100 points on the emergence of fag-end selling in FMCG, banking and IT stocks and a weak opening in European stock markets.
The 30-share BSE index fell 100.42 points, or 0.19%, to end at 53,134.35. It jumped 631.16 points or 1.18% to 53,865.93 during the day.
The NSE Nifty too gave intra-day gains and fell 24.50 points or 0.15% to end at 15,810.85.
ITC, Wipro, Axis Bank, Mahindra & Mahindra, Larsen & Toubro, Maruti Suzuki India, IndusInd Bank and Asian Paints were the major laggards in the Sensex pack.
Power Grid, Bajaj Finserv, Hindustan Unilever, Sun Pharma, Reliance Industries and Tata Steel were among the major gainers.
Elsewhere in Asia, markets in Tokyo, Seoul and Hong Kong ended with gains, while Shanghai ended marginally lower.
European stocks were trading in negative territory in the mid-sessional trades.
US markets remained closed on Monday for a holiday.
Deepak Jasani, Head of Retail Research, HDFC Securities said, “Nifty gave up early morning gains and ended in negative territory. After initial weakness in European markets, it fell and closed lower.”
The BSE index had closed at 53,234.77 on Monday, up 326.84 points or 0.62% in the previous session. Nifty closed 83.30 points or 0.53% higher at 15,835.35.
Meanwhile, international oil benchmark Brent crude fell 0.88% to $112.5 per barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 2,149.56 crore on Monday, according to exchange data.