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The 30-share BSE benchmark Sensex declined 350.98 points to 81,397.59 in early trade.
On Monday, the 30-share BSE Sensex dropped 384.55 points or 0.47% to close at 81,748.57, after falling 581.84 points or 0.70% intraday to touch 81,551.28.
Stock Market Updates: Benchmark equity indices witnessed a sharp decline on Tuesday, as the BSE Sensex tanked 1,064.12 points to close at 80,684.45, while the NSE Nifty slumped 332.25 points to settle at 24,336.
Key Highlights:
Sensex: Dropped 1,064.12 points to 80,684.45
Nifty: Declined 332.25 points to 24,336
Top Losers: Banking and IT heavyweights under pressure
Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday amid cautious investors approach ahead of the US Fed interest rate decision and selling in blue-chip stocks like Reliance Industries and HDFC Bank.
By midday, the Sensex had fallen 953 points, or 1.2%, to 80,795.36, while the Nifty dropped 284 points, or 1.2%, to 24,383.
From the 30-share blue-chip pack, Reliance Industries, Bharti Airtel, Nestle, Larsen & Toubro, Bajaj Finserv, HDFC Bank, JSW Steel and Titan were among the laggards.
Tata Motors, Adani Ports, Tech Mahindra, HCL Technologies and Hindustan Unilever were the gainers.
In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.
Wall Street ended mostly higher on Monday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 278.70 crore on Monday, according to exchange data.
Global oil benchmark Brent crude dipped 0.14 per cent to USD 73.81 a barrel.
The 30-share BSE benchmark declined 384.55 points or 0.47 per cent to settle at 81,748.57 on Monday. The Nifty lost 100.05 points or 0.40 per cent to 24,668.25.