The 30-share BSE index fell 66.23 points to close at 52,586.84, while the broader NSE Nifty dipped 15.40 points to 15,763.05.
Tata Steel was the top gainer in the Sensex pack, rallying nearly 7 per cent, followed by Bajaj Finserv, SBI, HCL Tech, Sun Pharma, and others, while Maruti and PowerGrid were among the laggards.
HCL Tech was the top gainer in the Sensex pack, rising over 2 per cent, followed by Titan, Tech Mahindra, M&M, Asian Paints, Reliance Industries and IndusInd Bank.
While Kotak Bank lost the most after shedding over 2 per cent, it was followed by Dr Reddy's, M&M, PowerGrid, NTPC, Nestle India and HDFC Bank.
Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,459.08 crore on Tuesday, as per provisional exchange data.
Axis Bank was the top loser in the Sensex pack, shedding more than 1 per cent, followed by Maruti, SBI, HDFC and ICICI Bank.
The 30-share BSE index ended 138.59 points or 0.26 per cent higher at 52,975.80, while the broader NSE Nifty advanced 32 points or 0.20 per cent to 15,856.05.
The 30-share BSE index ended 638.70 points or 1.22 per cent higher at 52,837.21, while the broader NSE Nifty surged 191.95 points or 1.23 per cent to 15,824.05.
Bajaj Finance was the top gainer in the Sensex pack, rising over 3 per cent, followed by Tata Steel, HDFC Bank, HUL, ICICI Bank and Infosys.
The local unit opened weak at 74.93 a dollar and touched a low of 74.95 and a high of 74.55 during the day.
While Tata Steel, NTPC, Bharti Airtel, HCL Tech, ICICI Bank, M&M and HDFC Bank followed IndusInd in losses, Asian Paints, UltraTech Cement, Bajaj Auto, HUL and Nestle India were among the gainers.
Equity benchmark Sensex tumbled over 200 points in early trade, tracking losses in HDFC twins, ICICI Bank and HCL Tech amid intense selloff in global markets.
On the domestic equity market front, the BSE Sensex fell 586.66 points to end at 52,553.40, while the broader NSE Nifty fell 171.00 points to close at 15,752.40.
HCL Tech was the top loser in the Sensex pack, shedding over 3 per cent, followed by Infosys, Bajaj Finserv, NTPC, ICICI Bank and IndusInd Bank.
ITC was the top gainer in the Sensex pack, surging over 1 per cent, followed by Sun Pharma, Dr Reddy's, Reliance Industries and HDFC.