Stock market today: BSE Sensex ends below 73,000; Nifty50 near 22,100

Stock market today: The BSE Sensex declined for the third consecutive day, dropping 96 points to settle below 73,000 on Tuesday, influenced by global equity downturn due to trade tensions and continued foreign fund withdrawals. The BSE index finished at 72,989.93, declining by 96.01 points or 0.13 per cent, with 18 components falling and 12 rising. It touched a low of 72,633.54 during trading but recovered partially in later hours.
The NSE Nifty continued its downward trend for the tenth session, decreasing by 36.65 points or 0.17 per cent to close at 22,082.65. Despite opening below 22,000 at 21,974.45, it managed to recoup some losses subsequently.
Among Sensex constituents, the decliners included Bajaj Finserv, HCL Technologies, Nestle India, Asian Paints, Bharti Airtel, Sun Pharmaceuticals, Infosys, Maruti Suzuki India, Titan, Hindustan Unilever and Reliance Industries.
State Bank of India, Zomato, Tata Consultancy Services, Adani Ports, Power Grid, Tata Steel and HDFC Bank emerged as gainers.
Vinod Nair, Head of Research, Geojit Financial Services, "The domestic market exhibited a recovery from today's lows but remained in negative territory due to adverse global cues related to escalating global trade tensions."
"Weak global cues continue to weigh on sentiment, but selective buying is limiting the downside," Ajit Mishra – SVP, Research, Religare Broking Ltd said.
Asian markets saw Tokyo, Hong Kong and Seoul closing lower, while Shanghai finished higher.
European markets traded negatively during mid-session. US markets closed lower on Monday.
Brent crude, the global oil benchmark, decreased 1.37 per cent to USD 70.64 per barrel.
Foreign Institutional Investors (FIIs) sold equities worth Rs 4,788.29 crore on Monday, as per exchange data.
The BSE benchmark had declined by 112.16 points to close at 73,085.94 on Monday, whilst the NSE Nifty dropped 5.40 points, marking its ninth consecutive session of losses, to end at 22,119.30.