Stock market updates: Amid increased volatility, Indian benchmark S&P BSE Sensex erased early morning gains, and was down over 100 points at 59,790 levels. The Nifty50, meanwhile, slipped below the 17,700 mark. Losses in PowerGrid, Reliance Industries, TCS, Tech M, Bajaj Finance, Titan, HUL, Wipro, L&T, and Sun Pharma weighed on the frontline indices.
In the broader markets, the BSE MidCap and SmallCap indices continued to hold gains of up to 0.3 percent.
Sectorally, the Nifty IT index slipped 0.4 percent, while the Nifty Realty and PSU bank indices added up to 0.5 percent.
In Newly listed shares Shares of Avalon Technologies made a tepid debut on the bourses on Tuesday, listing at Rs 431 on the BSE. This was a 1.15 percent discount to its issue price of Rs 436 apiece.