Volatile trading: Sensex closes down by 53 points

Benchmark BSE Sensex fell nearly 53 points in volatile trade on Tuesday amid weak trends in Asian and European markets and fresh foreign fund withdrawals.

The 30-share Sensex closed at 73,953.31, down 52.63 points or 0.07 per cent.

During the day, the Sensex touched a high of 74,189.19 and a low of 73,762.37.

However, NSE’s Nifty closed 27.05 points or 0.12 per cent higher at 22,529.05.

Among Sensex constituents, Nestle, Maruti, IndusInd Bank, ICICI Bank, Hindustan Unilever, Larsen & Toubro, Tata Consultancy Services, Infosys, HDFC Bank and Axis Bank were major laggards.

But Tata Steel, JSW Steel, Power Grid, Tech Mahindra and State Bank of India were among the gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong closed lower. European markets were trading in negative territory.

According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 92.95 crore on Saturday.

Global oil benchmark Brent crude fell 0.55 percent to $83.25 a barrel.

Photograph: Danish Siddiqui/Reuters