Mumbai Sensex and Nifty fell in early trade on Tuesday amid continued high crude oil prices and selling in shares of information technology (IT) companies. BSE Sensex fell 281.95 points to 73,316.21 in early trade while NSE Nifty slipped 63.15 points to 22,694.60.
Among the 30 companies included in the Sensex, shares of Infosys, Hindustan Unilever, Tata Consultancy Services, Asian Paints, HCL Tech and Tech Mahindra were the biggest losers. At the same time, shares of Bharat Electronics, Eternal, Maruti and Interglobe Aviation registered gains.
Investors keep an eye on crude oil prices
American markets closed with gains on Monday. Crude oil prices remain high in the international market. However, on Tuesday, Brent crude futures fell 0.74 percent to $ 115 per barrel. Fluctuations in oil prices are affecting investor sentiment.
Foreign investors sold shares
According to stock market data, foreign institutional investors (FIIs) sold shares worth a net Rs 1,462.49 crore on Monday. Selling by foreign investors was also one of the factors putting pressure on the market.
Mixed trend in Asian markets
In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index are trading with significant gains, while China's SSE Composite Index and Hong Kong's Hang Seng Index are in decline. According to stock market data, foreign institutional investors (FIIs) sold shares worth a net Rs 1,462.49 crore on Monday. On Monday, Sensex closed with a gain of 482.92 points and Nifty with a gain of 153.20 points.