<p>Benchmark indices bounced back on Tuesday after a two-day sharp fall, with the Sensex jumping over 173 points in early trade, but later turned choppy.</p>.<p>The 30-share BSE Sensex was trading 173.39 points higher at 54,644.06 in early deals. The NSE Nifty gained 50.65 points to 16,352.50. Both the benchmark indices were trading flat later in a highly volatile trade.</p>.<p>Among the Sensex firms, Asian Paints, Hindustan Unilever Limited, UltraTech Cement, Bharti Airtel, Maruti, M&M and Kotak Mahindra Bank were the major gainers.</p>.<p>In contrast, Infosys, Tata Steel, Reliance Industries and Titan were the laggards.</p>.<p>"The mother market US has turned distinctly weak with Nasdaq, S&P 500 and Dow at 1-year lows. European markets are moving in tandem with US markets. Relatively India is doing better thanks to consistent buying by DIIs and retail investors," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.</p>.<p>Elsewhere in Asia, markets in Tokyo, Hong Kong and Seoul were trading lower, while Shanghai quoted marginally higher.</p>.<p>Stock exchanges in the US had fallen sharply on Monday.</p>.<p>Meanwhile, international oil benchmark Brent crude dipped 1.99 per cent to $103.88 per barrel.</p>.<p>Foreign institutional investors continued to offload shares worth Rs 3,361.80 crore on Monday, according to stock exchange data.</p>.<p>"Wall Street plunged to its lowest level in more than a year on Monday, as markets were already hit by rising interest rates. Following the decline in global stocks, Indian equity indexes may face some pressure.</p>.<p>"Asian markets are trading down on expectations of an economic downturn as a result of growing inflation, higher interest rates and harsh Covid-19 lockdown restrictions in Shanghai," said Mohit Nigam, Head - PMS, Hem Securities.</p>.<p>The Sensex settled 364.91 points or 0.67 per cent lower at 54,470.67 on Monday. The NSE Nifty fell 109.40 points or 0.67 per cent to end at 16,301.85.</p>
<p>Benchmark indices bounced back on Tuesday after a two-day sharp fall, with the Sensex jumping over 173 points in early trade, but later turned choppy.</p>.<p>The 30-share BSE Sensex was trading 173.39 points higher at 54,644.06 in early deals. The NSE Nifty gained 50.65 points to 16,352.50. Both the benchmark indices were trading flat later in a highly volatile trade.</p>.<p>Among the Sensex firms, Asian Paints, Hindustan Unilever Limited, UltraTech Cement, Bharti Airtel, Maruti, M&M and Kotak Mahindra Bank were the major gainers.</p>.<p>In contrast, Infosys, Tata Steel, Reliance Industries and Titan were the laggards.</p>.<p>"The mother market US has turned distinctly weak with Nasdaq, S&P 500 and Dow at 1-year lows. European markets are moving in tandem with US markets. Relatively India is doing better thanks to consistent buying by DIIs and retail investors," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.</p>.<p>Elsewhere in Asia, markets in Tokyo, Hong Kong and Seoul were trading lower, while Shanghai quoted marginally higher.</p>.<p>Stock exchanges in the US had fallen sharply on Monday.</p>.<p>Meanwhile, international oil benchmark Brent crude dipped 1.99 per cent to $103.88 per barrel.</p>.<p>Foreign institutional investors continued to offload shares worth Rs 3,361.80 crore on Monday, according to stock exchange data.</p>.<p>"Wall Street plunged to its lowest level in more than a year on Monday, as markets were already hit by rising interest rates. Following the decline in global stocks, Indian equity indexes may face some pressure.</p>.<p>"Asian markets are trading down on expectations of an economic downturn as a result of growing inflation, higher interest rates and harsh Covid-19 lockdown restrictions in Shanghai," said Mohit Nigam, Head - PMS, Hem Securities.</p>.<p>The Sensex settled 364.91 points or 0.67 per cent lower at 54,470.67 on Monday. The NSE Nifty fell 109.40 points or 0.67 per cent to end at 16,301.85.</p>