In early trade on Tuesday, equity benchmark indices fell due to continued foreign fund outflows and slow Asian market cues.
The BSE Sensex dropped 347.09 points to 65,481.32. The Nifty fell 117.3 points to 19,521.
Maruti, State Bank of India, JSW Steel, HDFC Bank, Kotak Mahindra Bank, Tata Steel, Tata Motors, ITC, Reliance Industries and NTPC were the main laggards.
Among the gainers were Asian Paints, Hindustan Unilever, UltraTech Cement, and Mahindra & Mahindra.
In Asian markets, Tokyo and Hong Kong were trading down, while Shanghai was trading higher.
On Monday, the US markets finished mostly in the green.
Brent crude fell 0.89 percent to USD 69.90 per barrel.
According to the exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 1,685.70 crore on Friday.
On Monday, stock markets were closed in observance of Mahatma Gandhi Jayanti.
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