As negative trends in global markets and foreign money withdrawals impacted investor mood, benchmark indexes continued to fall on Tuesday, with the Sensex falling over 470 points in early trade.

In early trade, the Sensex was down 470.59 points at 58,493.98. The Nifty fell 137.7 points to 17,537.25.

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Tata Steel, State Bank of India, Bajaj Finserv, IndusInd Bank, Larsen & Toubro, Tech Mahindra, and Wipro were among the early laggards within the 30-share pack. Maruti Suzuki, HDFC, and Kotak Mahindra Bank, on the other hand, were the only companies to gain ground.

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TCS was unchanged at Rs 3,685.10, down 0.31%, after reporting earnings after market hours on Monday.

Tata Consultancy Services, the country’s largest software services provider, kicked off the fourth-quarter results season with a roar, breaking the Rs 50,000-crore sales barrier for the first time and posting a 7.4% year-on-year increase in net profit to Rs 9,926 crore.

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The Sensex fell 482.61 points, or 0.81%, to 58,964.57 on Monday. The Nifty finished at 17,674.95, down 109.40 points or 0.62%.

Hong Kong, Seoul, Shanghai, and Tokyo markets were trading down in mid-session trades in Asia. On Monday, stocks in the United States finished down as well.

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According to market statistics, foreign institutional investors continued to sell shares worth Rs 1,145.24 crore on Monday.

Brent crude, the international oil benchmark, increased by 2% to USD 100.45 a barrel. In early trade, the rupee fell 14 paise to 76.05 against the US dollar.