Early trading on Tuesday saw a downturn in equity benchmark indices, mirroring the negative sentiment in Asian markets and fresh outflows of foreign funds. The 30-share BSE Sensex dropped by 218.11 points to 73,787.83, while the NSE Nifty fell by 97.45 points to 22,404.55.
Key constituents of the Sensex such as Nestle, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Hindustan Unilever, and ICICI Bank experienced notable declines. Conversely, Tata Steel, Power Grid, Tata Steel, and Asian Paints were among the gainers.
Across Asian markets, Seoul, Shanghai, and Hong Kong witnessed declines, while Tokyo remained in positive territory. Meanwhile, Wall Street closed mostly higher on Monday.
Foreign Institutional Investors (FIIs) were observed offloading equities worth Rs 92.95 crore on Saturday, as per exchange data. The global oil benchmark Brent crude also saw a decline of 0.56 percent, settling at USD 83.24 a barrel.
In a special trading session on Saturday, the BSE benchmark rose by 88.91 points or 0.12 percent to close at 74,005.94, while the NSE Nifty advanced by 35.90 points or 0.16 percent to reach 22,502.
The National Stock Exchange (NSE) and BSE conducted a special trading session in the equity and equity derivative segments on May 18, aimed at testing their preparedness for handling major disruptions or failures at the primary site.
Market activity was halted on Monday due to the fifth phase of the Lok Sabha elections in Mumbai.
