Stock Market erased some of the previous session gains to end lower. Selling was seen in the IT, metal, oil & gas and FMCG names, while buying in realty, PSU bank, media restricted further fall.
The BSE Sensex closed 218.14 points higher to 81,224.75 on October 18 while NSE Nifty rose 104.20 points to 24,854.05.
GIFT Nifty, which stands as a new benchmark to the growth story of Indian equity market, saw open interest of 399,188 contracts worth $20.84 billion (about Rs 1,74,275 crore), said the National Stock Exchange (NSE).
Shares of Bajaj Housing Finance made a strong debut on stock markets on Monday.
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.
Dalal Street looks forward to the government's first 100-day plan that is likely to be spelled out soon after the oath-taking by the PM and his cabinet
As many as 30 stocks advanced in the Nifty 50 index while 20 stocks declined. In BSE Sensex, 13 stocks including Coal India, TCS were trading in red while 17 stocks including Yes Bank, Maruti were trading in green at 9.21 a.m.
"The market slid on profit booking despite an initial extension in yesterday's rally as investors remained watchful on global trade and liquidity squeeze by FIIs," said Vinod Nair, Head of Research, Geojit Financial Services.
In Asia, all leading bourses witnessed mild to heavy sell-offs on Tuesday after US-China trade war further intensified. In a retaliatory move, China on Monday said it would raise tariffs on US goods worth nearly USD 60 billion.
The company reported 21.3 per cent growth in revenue to Rs 15,990 crore in the quarter under review compared to Rs 13,178 crore in the year-ago period, as per Ind-AS accounting norms.
