Business: A decline was recorded in the major stock market indices Sensex and Nifty on Tuesday amid continuous withdrawal of foreign capital and weak trend in Asian and European markets. The 30-share BSE Sensex fell 519.24 points or 0.62 per cent to close at 83,459.15. It closed at 83,412.77, down 565.72 points or 0.67 percent during trading. The 50-share NSE Nifty fell 165.70 points or 0.64 percent to close at 25,597.65.

The rupee recovered from record low on Tuesday and closed at 88.66 (provisional) against the US dollar with a rise of 11 paise due to fall in crude oil prices abroad.

Condition of Sensex companies
Among the Sensex companies, Power Grid, Eternal, Tata Motors, Tata Steel, Maruti and Bharat Electronics were the major laggards. Whereas, Titan, Bharti Airtel, Bajaj Finance, Mahindra & Mahindra and State Bank of India gained.

Decline seen in European markets
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index closed with losses. On Monday, European markets were trading in negative territory, while American markets closed mostly with gains.

The price of Brent crude fell to $ 64.02 per barrel.
Global oil benchmark Brent crude fell 1.34 percent to $64.02 per barrel. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 1,883.78 crore on Monday. However, domestic institutional investors (DIIs) bought shares worth Rs 3,516.36 crore in previous trade. On Monday, the Sensex closed at 83,978.49 with a marginal gain of 39.78 points or 0.05 per cent. Nifty closed at 25,763.35 with a marginal gain of 41.25 points or 0.16 per cent.