Indian equity benchmarks declined for the third
consecutive day on Tuesday, with the Sensex plunging over 500 points amid a
weak global market and continuous foreign fund outflow.

Investors were cautious ahead of the RBI’s policy
decision on Wednesday, traders said.

The BSE Sensex tumbled 567.98 points or 1.02% to settle
at 55,107.34. During the day, it dived 792.91 points or 1.42% to 54,882.41. The
NSE Nifty 50 tanked 153.20 points or 0.92% to end at 16,416.35.

Also Read | Fresh repo rate hikes on cards, say experts ahead of RBI’s MPC meeting outcome

The broader indices ended in red with the BSE Mid cap
index falling 0.77%, while the Small cap index was down by 0.67%. On the
sectoral front, Oil & Gas up by 1.19%, Energy was up by 1.05%, Utilities up
by 0.87%, Power up by 0.77% and PSU was up by 0.64%, while Consumer Durables
down by 2.71%, Realty down by 1.57%, Capital Goods down by 1.53%, IT down by
1.42% and FMCG down by 1.42% were the top losing indices on BSE.

Also Read | Crypto news daily: Bitcoin data and price analysis for June 7, 2022

Major laggards from the Sensex pack were Titan Company
was down by 4.48%, Dr Reddy’s Labs down by 3.87%, Larsen & Toubro down by
3.00%, Hindustan Unilever down by 2.98%, Asian Paints down by 2.61%, Bajaj
Finance down by 2.35%, TCS down by 1.99%, Nestle down by 1.59% and ICICI Bank
down by 1.56%.

Also Read | Adani Group, Apollo in discussions to acquire majority stake in Metropolis

Among the gainers were NTPC up by 1.35%, Maruti Suzuki up
by 1.30%, M&M up by 0.50%, Bharti Airtel up by 0.37%, and Reliance up by
0.20%.

The rupee fell 7 paise to close at 77.73 against the US
dollar.

Asian market peers in Hong Kong and Seoul ended lower,
while Tokyo and Shanghai closed with marginal gains.

Also Read | Policybazaar share slips 10% as CEO plans to sell 3.77 million shares

European stock markets were trading lower during
afternoon trade.

US stock markets ended with gains on Monday.

Brent crude, the international oil benchmark fell 0.26%
to USD 119.2 per barrel.

Also Read | Fuel price June 7, 2022: Petrol Rs 96.72, diesel Rs 89.62 in Delhi

According to stock exchange data, foreign institutional
investors sold shares worth a net Rs 2,397.65 crore on Monday.