<p>The Sensex and Nifty closed modestly lower on Tuesday after investors offloaded FMCG, IT and banking stocks in the last hour of trade amid mixed global cues.</p>.<p>The selling pressure emerged towards the fag-end of the session.</p>.<p>After rising over 320 points in intra-day trade, the 30-share BSE Sensex pared all gains to settle 48.99 points or 0.08 per cent lower at 59,196.99. During the day, it hit a high of 59,566.67 and a low of 58,974.26.</p>.<p>The NSE Nifty also slipped 10.20 points or 0.06 per cent to 17,655.60.</p>.<p>From the Sensex pack, Bajaj Finserv, Kotak Mahindra Bank, Hindustan Unilever, Mahindra & Mahindra, Bajaj Finance and Nestle were among the major laggards.</p>.<p>On the other hand, Bharti Airtel, NTPC, Tata Steel, Reliance Industries and Power Grid were among the major gainers.</p>.<p>Elsewhere in Asia, markets in Seoul, Tokyo and Shanghai ended in the green, while Hong Kong settled lower.</p>.<p>Equities in Europe were trading higher during the mid-session deals. The US markets were closed on Monday.</p>.<p>"Domestic indices wiped out its early gains to close flat, tracking mixed global cues," said Vinod Nair, Head of Research at Geojit Financial Services.</p>.<p>Meanwhile, the international oil benchmark Brent crude declined 2.37 per cent to $93.47 per barrel.</p>.<p>Foreign institutional investors (FIIs) offloaded shares worth Rs 811.75 crore on Monday, as per the exchange data.</p>.<p>"Nifty failed to capitalise on the early gain as profit-taking happened," said Rupak De, Senior Technical Analyst at LKP Securities. </p>
<p>The Sensex and Nifty closed modestly lower on Tuesday after investors offloaded FMCG, IT and banking stocks in the last hour of trade amid mixed global cues.</p>.<p>The selling pressure emerged towards the fag-end of the session.</p>.<p>After rising over 320 points in intra-day trade, the 30-share BSE Sensex pared all gains to settle 48.99 points or 0.08 per cent lower at 59,196.99. During the day, it hit a high of 59,566.67 and a low of 58,974.26.</p>.<p>The NSE Nifty also slipped 10.20 points or 0.06 per cent to 17,655.60.</p>.<p>From the Sensex pack, Bajaj Finserv, Kotak Mahindra Bank, Hindustan Unilever, Mahindra & Mahindra, Bajaj Finance and Nestle were among the major laggards.</p>.<p>On the other hand, Bharti Airtel, NTPC, Tata Steel, Reliance Industries and Power Grid were among the major gainers.</p>.<p>Elsewhere in Asia, markets in Seoul, Tokyo and Shanghai ended in the green, while Hong Kong settled lower.</p>.<p>Equities in Europe were trading higher during the mid-session deals. The US markets were closed on Monday.</p>.<p>"Domestic indices wiped out its early gains to close flat, tracking mixed global cues," said Vinod Nair, Head of Research at Geojit Financial Services.</p>.<p>Meanwhile, the international oil benchmark Brent crude declined 2.37 per cent to $93.47 per barrel.</p>.<p>Foreign institutional investors (FIIs) offloaded shares worth Rs 811.75 crore on Monday, as per the exchange data.</p>.<p>"Nifty failed to capitalise on the early gain as profit-taking happened," said Rupak De, Senior Technical Analyst at LKP Securities. </p>