The 30-share BSE benchmark Sensex declined 384 points or 0.52% to settle at 73,512. The broader NSE Nifty dropped 140 points or 0.62% to end at 22,302. Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle East as Israel stepped up attacks in southern Gaza and a ceasefire deal between Hamas and Israel hung in the balance.
The 30-share BSE benchmark Sensex edged up 90 points or 0.12% to settle at 73,738 and the broader NSE Nifty rose 32 points or 0.14% to end at 22,368. Bharti Airtel, ITC, Infosys, SBI, Maruti, and Tata Motors were the top contributors to the Sensex.
From the Senses pack, HCL Tech, TCS, Maruti and Wipro were the top gainers, rising 3.5-4.5%. L&T, Infosys, Tata Steel, Bharti Airtel, SBI, and Tech Mahindra also closed higher, while Power Grid, IndusInd Bank, ITC, Kotak Bank and Bajaj Finserv closed with cuts.
Nifty Financial Services dropped 1%, as HDFC Bank lost 3%, extending declines from its worst session in over three years on Wednesday. The IT index fell 0.6%, dragged by a 10.7% decline in LTIMindtree after it missed December-quarter profit estimates on weak demand and furloughs.