<p>Mumbai: Benchmark indices Sensex and Nifty fell in early trade on Tuesday as volatility persisted amid mixed trends in global markets.</p><p>The 30-share BSE Sensex opened on a positive note and climbed 116.42 points to 71,188.91 points. However, it soon took a U-turn and fell 129.92 points to 70,942.57 points.</p><p>Showing a similar trend, the broader Nifty rose 14.80 points to 21,630.85 points initially but lost ground and declined 63.25 points to 21,552.80 points.</p><p>In the Sensex pack, Tata Steel, JSW Steel, PoweGrid and Wipro were among the major losers while ICICI Bank, NTPC, ITC and Kotak Bank were trading in the green.</p><p>BSE smallcap index fell 1.65 per cent, midcap index dropped 0.57 per cent and largecap index slipped 0.12 per cent.</p><p>V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said midcap and smallcap stocks are likely to see a sharp fall as many such scrips are excessively valued.</p><p>"Correction will give opportunities to buy fairly valued stocks in this segment like PSU banks," he noted.</p>.Rupee marginally falls to 83.01 against US dollar in early trade.<p>In Asia, Tokyo's Nikkei 225 and China's Shanghai Composite were trading in the positive territory while Hong Kong's Hang Seng was in the red.</p><p>European markets ended Monday's session in the green with CAC 40 of France and DAX of Germany rising 0.55 per cent and 0.65 per cent respectively.</p><p>On Monday, the US market ended on a mixed note.</p><p>Global oil benchmark Brent crude rose 0.09 per cent to $82.07 a barrel on Tuesday.</p><p>On Monday, Sensex settled 523 points or 0.73 per cent lower at 71,072.49 points while the Nifty closed 166.45 points or 0.76 per cent down at 21,616.05 points.</p><p>Foreign Institutional Investors (FIIs) were net buyers on Monday as they bought equities worth Rs 126.60 crore, according to exchange data.</p>
<p>Mumbai: Benchmark indices Sensex and Nifty fell in early trade on Tuesday as volatility persisted amid mixed trends in global markets.</p><p>The 30-share BSE Sensex opened on a positive note and climbed 116.42 points to 71,188.91 points. However, it soon took a U-turn and fell 129.92 points to 70,942.57 points.</p><p>Showing a similar trend, the broader Nifty rose 14.80 points to 21,630.85 points initially but lost ground and declined 63.25 points to 21,552.80 points.</p><p>In the Sensex pack, Tata Steel, JSW Steel, PoweGrid and Wipro were among the major losers while ICICI Bank, NTPC, ITC and Kotak Bank were trading in the green.</p><p>BSE smallcap index fell 1.65 per cent, midcap index dropped 0.57 per cent and largecap index slipped 0.12 per cent.</p><p>V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said midcap and smallcap stocks are likely to see a sharp fall as many such scrips are excessively valued.</p><p>"Correction will give opportunities to buy fairly valued stocks in this segment like PSU banks," he noted.</p>.Rupee marginally falls to 83.01 against US dollar in early trade.<p>In Asia, Tokyo's Nikkei 225 and China's Shanghai Composite were trading in the positive territory while Hong Kong's Hang Seng was in the red.</p><p>European markets ended Monday's session in the green with CAC 40 of France and DAX of Germany rising 0.55 per cent and 0.65 per cent respectively.</p><p>On Monday, the US market ended on a mixed note.</p><p>Global oil benchmark Brent crude rose 0.09 per cent to $82.07 a barrel on Tuesday.</p><p>On Monday, Sensex settled 523 points or 0.73 per cent lower at 71,072.49 points while the Nifty closed 166.45 points or 0.76 per cent down at 21,616.05 points.</p><p>Foreign Institutional Investors (FIIs) were net buyers on Monday as they bought equities worth Rs 126.60 crore, according to exchange data.</p>