Metal stocks cracked in the wake of Chinese steel futures plunging over 6 per cent.
Fag-end selling in bank, IT and auto stocks weighed on the market.
Market came off a bit from opening gain as investors utilised initial rally to book profits.
Short covering in IT and pharma stocks on weak rupee led to the indices close on a positive note.
Market sentiment took a hit from reports of political fallout between the BJP and TDP.
Foreign capital outflow and selling by domestic investors drove investors to the exit door.
Investors remained cautious, following a weak trend in other Asian markets.
The broader BSE Midcap and Smallcap index registered decent gains on Tuesday.
Broader BSE Midcap and Smallcap indices trailed BSE benchmark Sensex.
Tata Steel, Axis Bank and Adani Ports and SEZ were the top losers on the Nifty, falling by up to 3.65 per cent.
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