Indian equity indices ended on a lower note on Tuesday,
recording their third declining session in a row, with Sensex falling 106
points in highly volatile trade.

The BSE Sensex closed 105.82 points of 0.19% down at
54,364.85. During the day, it touched a high of 54,857.02 and a low of
54,226.33.

The NSE Nifty fell 61.80 points or 0.38% to settle at
16,240.05.

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On the sectoral front, metal, power, oil & gas,
healthcare, IT and realty indices were down 1-5% while the bank index surged
0.5%.

BSE midcap and smallcap indices fell 2% each.

Major laggards from the 30-share Sensex pack were Tata
Steel down by 6.95%, Sun Pharma down by 2.74%, NTPC down by 2.33%, Titan
Company down by 2.15, Bajaj Finance down by 1.80%, Reliance down by 1.74%, Tech
Mahindra down by 1.51%, ITC down by 1.22%, and Wipro down by 1.17%.

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Among the gainers were HUL up by 3.24%, Asian Paints up
by 2.46%, IndusInd Bank up by 2.40%, UltraTech Cement up by 2.22%, Maruti
Suzuki up by 2.14%, Kotak Mahindra up by 1.62%, HDFC Bank up 1.61% and HDFC up
by 1.40%.

The rupee settled 14 paise higher at 77.32 per US dollar
against Monday’s close of 77.46.

Asian markets in Tokyo, Hong Kong and Seoul settled
lower, while Shanghai settled higher.

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European stock markets were trading higher in the afternoon
session.

US Stock exchanges had declined sharply on Monday.

Brent crude, the international oil benchmark fell 1.82%
to USD 104 per barrel.

According to the stock exchange, foreign institutional
investors offloaded shares worth a net Rs 3,361.80 crore on Monday.

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“Wall Street plunged to its lowest level in more
than a year on Monday, as markets were already hit by rising interest rates.
Following the decline in global stocks, Indian equity indexes may face some
pressure.

“Asian markets are trading down on expectations of
an economic downturn as a result of growing inflation, higher interest rates
and harsh COVID-19 lockdown restrictions in Shanghai,” said Mohit Nigam,
Head of PMS at Hem Securities.