Equity benchmark indices declined in early commerce on Tuesday amid weak tendencies from Asian markets and recent overseas fund outflows.
Investors additionally opted to ebook income after the latest sharp rally in the markets.
The 30-share BSE Sensex fell 202.76 points to 72,069.18. The Nifty declined 42.9 points to 21,699.
Among the Sensex corporations, UltraTech Cement, Mahindra & Mahindra, Infosys, Asian Paints, HCL Technologies and Larsen & Toubro have been the most important laggards.
Sun Pharma, Bharti Airtel, Reliance Industries, Bajaj Finserv and Power Grid have been among the many winners.
In Asian markets, Seoul, Shanghai and Hong Kong have been buying and selling decrease.
Asian, European and the US markets have been closed on Monday for the New Year.
Global oil benchmark Brent crude jumped 1.65% to $78.31 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities value ₹855.80 crore on Monday, in accordance with change information.
The BSE gauge eked out a modest achieve of 31.68 points or 0.04% to settle at 72,271.94 after a muted starting on Monday. The Nifty went up by 10.50 points or 0.05% to 21,741.90.
In 2023, the BSE benchmark jumped 11,399.52 points or 18.73%, and the Nifty climbed 3,626.1 points or 20%.