After taking a beating in the previous session, benchmark indices rebounded in early trade on Tuesday, with the Sensex rising 293.15 points. The Sensex was up 293.15 points to 57,459.89, while the Nifty was up 102 points to 17,275.65.

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However, amid turbulent trade, both benchmark indices gave up their early gains as the morning progressed. The Sensex fell 44.03 points to 57,122.71 points at 09:44 a.m., while the Nifty fell 12.05 points to 17,161.60 points.

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Concerns over increasing inflation and foreign fund flows in the aftermath of unpredictable geopolitical situations appeared to be keeping investors on the edge of their seats.

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Tata Steel, M&M, State Bank of India, Maruti, ICICI Bank, Reliance Industries, and Bajaj Finance were among the first gainers on the 30-share Sensex pack. HDFC, Infosys, HDFC Bank, and HCL Technologies, on the other hand, were among the major laggards.

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On Monday, the benchmark index dropped 1,172.19 points, or 2.01%, to 57,166.74 points. The broader NSE Nifty finished at 17,173.65 points, down 302 points or 1.73%.

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In Asia, Seoul, Shanghai, and Tokyo markets were trading higher in mid-session trades, while Hong Kong markets were trading lower. On Monday, US stocks finished modestly down.

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According to market data, foreign institutional investors continued to sell shares worth Rs 6,387.45 crore on Monday.

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Brent crude, the international oil standard, rose 0.46% to USD 113.68 per barrel. In early trade, the rupee is down 6 paise to 76.35 against the US dollar.