<p>Equity benchmark Sensex on Tuesday declined over 200 points in opening trade, tracking losses in banking and financial stocks amid concerns over surging oil prices.</p>.<p>The 30-share BSE benchmark Sensex was trading 221.35 points lower at 57,071.14. Similarly, the broader NSE Nifty dipped 54.9 points to 17,062.70.</p>.<p>From the 30-share pack, Hindustan Unilever Limited, Asian Paints, UltraTech Cement, Nestle India and Axis Bank were the major drags.</p>.<p>In contrast, Tata Steel, Reliance Industries, TCS and Power Grid were trading in the green.</p>.<p>"A hawkish Fed and the US 10-year yield rising to 2.29 per cent are headwinds for the global equity markets. For India, crude jumping to $118 from the recent $100 levels is again posing a major worry. This kind of short-term volatility in crude is highly unnerving," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.</p>.<p>On Monday, the Sensex plunged 571.44 points or 0.99 per cent to settle at 57,292.49. The Nifty declined by 169.45 points or 0.98 per cent to finish at 17,117.60.</p>.<p>Equity exchanges in Shanghai, Seoul, Hong Kong and Tokyo were trading higher in mid-session deals.</p>.<p>Stock exchanges in the US ended on a negative note in the overnight session.</p>.<p>Meanwhile, international oil benchmark Brent crude jumped 2.14 per cent to $118.09 per barrel.</p>.<p>"Oil prices and treasury yields pushed higher as investors refocused on risks from the Russia-Ukraine crisis. The Dow Jones fell 0.58 per cent, S&P 500 lost 0.04 per cent while Nasdaq dropped 0.4 per cent," according to Mitul Shah, Head of Research at Reliance Securities.</p>.<p>The Russia-Ukraine conflict and inflationary pressures are assessing the market sentiment, he added.</p>.<p>Foreign institutional investors (FIIs) were net sellers in the capital market, as they sold shares worth Rs 2,962.12 crore on Monday, according to stock exchange data</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>Equity benchmark Sensex on Tuesday declined over 200 points in opening trade, tracking losses in banking and financial stocks amid concerns over surging oil prices.</p>.<p>The 30-share BSE benchmark Sensex was trading 221.35 points lower at 57,071.14. Similarly, the broader NSE Nifty dipped 54.9 points to 17,062.70.</p>.<p>From the 30-share pack, Hindustan Unilever Limited, Asian Paints, UltraTech Cement, Nestle India and Axis Bank were the major drags.</p>.<p>In contrast, Tata Steel, Reliance Industries, TCS and Power Grid were trading in the green.</p>.<p>"A hawkish Fed and the US 10-year yield rising to 2.29 per cent are headwinds for the global equity markets. For India, crude jumping to $118 from the recent $100 levels is again posing a major worry. This kind of short-term volatility in crude is highly unnerving," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.</p>.<p>On Monday, the Sensex plunged 571.44 points or 0.99 per cent to settle at 57,292.49. The Nifty declined by 169.45 points or 0.98 per cent to finish at 17,117.60.</p>.<p>Equity exchanges in Shanghai, Seoul, Hong Kong and Tokyo were trading higher in mid-session deals.</p>.<p>Stock exchanges in the US ended on a negative note in the overnight session.</p>.<p>Meanwhile, international oil benchmark Brent crude jumped 2.14 per cent to $118.09 per barrel.</p>.<p>"Oil prices and treasury yields pushed higher as investors refocused on risks from the Russia-Ukraine crisis. The Dow Jones fell 0.58 per cent, S&P 500 lost 0.04 per cent while Nasdaq dropped 0.4 per cent," according to Mitul Shah, Head of Research at Reliance Securities.</p>.<p>The Russia-Ukraine conflict and inflationary pressures are assessing the market sentiment, he added.</p>.<p>Foreign institutional investors (FIIs) were net sellers in the capital market, as they sold shares worth Rs 2,962.12 crore on Monday, according to stock exchange data</p>.<p><strong>Watch the latest DH Videos here:</strong></p>