The Sensex fell nearly 317 points in morning trade on Tuesday, snapping a three-day rise, amid negative global market trends and ongoing foreign investment outflows.

The Sensex was down 317.41 points at 52,843.87. The Nifty 50 index fell 99.65 points to 15,732.40.

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

Asian Paints, Titan, Bajaj Finserv, Wipro, Tech Mahindra, UltraTech Cement, HDFC, and Bajaj Finance were the Sensex pack’s main laggards in early trade. Among the winners were Mahindra & Mahindra, ITC, Dr Reddy’s Laboratories, and Reliance Industries.

Other Asian markets were trading down in mid-session deals in Tokyo, Shanghai, Seoul, and Hong Kong. The US markets closed lower on Monday as well.

Also Read| Trending Stocks: Bajaj Auto, Cipla, Bank of Baroda and others in news today

“Markets are likely to struggle in early Tuesday trades, as most of the other Asian gauges have retreated after the recent gains, while the US markets also closed lower in the overnight trade,” said Prashanth Tapse, Vice President (Research), Mehta Equities Ltd.

On Monday, the Sensex rose 433.30 points, or 0.82%, to 53,161.28. The Nifty rose 132.80 points, or 0.85%, to 15,832.05.

Also Read| Stocks that should be on your watchlist on Tuesday, June 28, 2022

According to exchange statistics, foreign institutional investors (FIIs) continued to be net sellers in the capital market on Monday, selling shares worth Rs 1,278.42 crore.

Meanwhile, the international oil benchmark Brent crude increased 1.12% to USD 116.38 a barrel. In early trade on Tuesday, the rupee fell 22 paise to a record low of 78.59 against the US dollar, as continued foreign money outflows impacted on market mood.