Major indices Sensex and Nifty declined in early trade on Tuesday. This was due to continuous withdrawal of blue-chip bank shares and foreign funds. After touching a record high in the previous trading session, the 30-share BSE Sensex fell 380.02 points to 85,261.88 in early trade. Whereas the 50-share NSE Nifty fell 98.3 points and closed at 26,077.45. The rupee fell by 32 paise to an all-time low of 89.85 per dollar in early trade.

Condition of Sensex companies

HDFC Bank, ICICI Bank, Axis Bank, Adani Ports, Tata Motors Passenger Vehicles and Eternal were the biggest losers among Sensex companies. Whereas, Asian Paints, Bharti Airtel, Infosys and Bajaj Finance were in profit.

Mixed situation seen in Asian markets

In Asian markets, Shanghai’s SSE Composite index was trading down, while South Korea’s Kospi, Japan’s Nikkei 225 index and Hong Kong’s Hang Seng index were trading in positive territory. American markets closed with a decline on Monday.

The price of Brent crude fell to $ 63.15 per barrel.

Global oil benchmark Brent crude fell 0.03 percent to $63.15 a barrel. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 1,171.31 crore on Monday, while domestic institutional investors (DIIs) bought shares worth Rs 2,558.93 crore.

On Monday, the Sensex lost its early gains and closed at 85,641.90, down 64.77 points or 0.08 per cent. During trading, the benchmark jumped 452.35 points or 0.52 per cent to hit a record high of 86,159.02. Nifty fell 27.20 points or 0.10 per cent to close at 26,175.75. It rose 122.85 points or 0.46 percent to hit an all-time high of 26,325.80 during trading.