Indian equity indices dipped in opening trade on Tuesday, reflecting negative global market patterns and withdrawals of foreign funds.

The Sensex fell 220.86 points to 57,770.25. The Nifty dropped 68.05 points to 17,172.95.

Also Read| Asian markets fall as technology stocks drag down benchmarks

Titan, Power Grid, Maruti, Mahindra & Mahindra, Bharti Airtel, Hindustan Unilever, ICICI Bank, and State Bank of India were the top laggards in the 30-share Sensex pack.

Asian Paints, Infosys, Wipro, HCL Technologies, and ITC, on the other hand, were among the gainers.

Also Read| US dollar rises, yen falls as interest rate hike fears loom

Asian markets are trading mostly in red with Nikkei 225 falling 719.12 points or 2.65% to 26,396.99, Straits Times declining 1.31 points or 0.04% to 3,106.16, Hang Seng slumping 240.40 points or 1.40% to 16,976.26, Taiwan Weighted dipped 549.13 points or 4.01% to 13,153.15, KOSPI lost 50.47 points or 2.26% to 2,182.37 and Jakarta Composite was down by 2.82 points or 0.04% to 6,991.58, while Shanghai Composite was up by 11.96 points or 0.40% to 2,986.11.

Also Read| Oil prices fall as strengthening US dollar dampens demand

The US markets ended lower on Monday. The S&P 500 dropped 27.27 points, or 0.7%, to 3,612.39 on Monday. The Dow Jones Industrial Average fell 93.91 points, or 0.3%, to 29,202.88. The Nasdaq declined 110.30 points, or 1%, to 10,542.10. The Russell 2000 index of smaller companies tumbled 10.23 points, or 0.6%, to 1,691.92.

Also Read| US Stock Market: DJIA, S&P500, Nasdaq, Russell ended in red on Monday

On Monday, the Sensex fell 200.18 points, or 0.34%, to 57,991.11. The Nifty dropped 73.65 points or 0.43% to 17,241.

Also Read| Stocks to watch on Tuesday, October 11, 2022

Foreign institutional investors (FIIs) have sold shares worth a net of Rs 2,139.02 crore, whereas domestic institutional investors (DIIs) purchased shares worth a net of Rs 2,137.46 crore on October 10, as per provisional data available on the NSE.

Also Read| Trending Stocks: Inox Wind, TCS, JTL Infra & others in news today

Separately, the benchmark Brent crude futures fell 0.28% to 95.92 a barrel. The rupee fell 1 paisa to 82.41 against the US dollar in early trade on Tuesday, as the US currency strengthened and foreign money outflows continued.