Tuesday ended in favor of bears as 38 out of 50 constituents of the Nifty50 index ended lower, dragged by heavyweights like HDFC Bank and BPCL. Shriram Finance, HDFC Life Insurance Company, and ONGC were the other drags, each falling over 2.78 per cent.
In the BSE space, 24 out of 30 constituents of the Sensex ended in the red, with HDFC Bank, Tata Steel, and Bajaj Finance leading the declines of up to 3.29 per cent.
Broader indices also settled lower, with small-cap shares being the worst hit as the Nifty Smallcap 100 index fell 1.30 per cent.
Among the sectors, Banking, Financial Services, Metal, OMC, and Realty were the top laggards with falls of up to 1.87 per cent. Meanwhile, Healthcare, IT, and consumer durables managed to end in the green.