The Benchmark BSE Sensex opened 112 points lower and continued to dip on Tuesday. It was amid losses in metal, realty, healthcare, banking counters and customer durables ahead of the United States Fed’s key policy meet that will begins later today.
The brokers said that a weak trend in other Asian markets, following overnight losses Wall Street, dampened market sentiment here.
The 30 share index lost 112.26 points to be at 32810.86 in the opening session.
However, it turned positive later to trade 0.13 percent higher at 32965.4. Earlier it lost more than 800 points in previous two sessions.
NSE Nifty opened 0.4 percent lower at 10049.10.
The indices were led by metal, realty, Consumer durable, healthcare and banking stocks were trading in red falling by 1.42 percent.
Major laggards were NTPC, Bharti Airtel, M&M, Kotak Bank, Axis Bank, IndusInd Bank, ITC and Sun Pharma falling up to 1.42 percent.
Blue-chip stocks Tata Steel, Tata Motors, Adani Ports and Infosys were among top gainers after a rise in 3 percent.
Meanwhile, on a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 292.23 crore on Monday, while domestic institutional investors (DIIs) sold shares worth Rs 191.52 crore, showed a provisional data revealed by the stock exchanges.
In other Asian markets, Hong Kong’s Hang Seng fell 0.72 percent while Japan’s Nikkei shed 0.09 percent. Shanghai Composite Index was down by 0.26 percent in their early deals.
The US Dow Jones Industrial Average ended 1.35% low as technology firms hit by worries about regulation in light of the Facebook data breach scandal on Monday.