The stock markets witnessed a decline on Tuesday, with the benchmark Sensex tumbling nearly 504 points due to selling in blue-chip bank stocks and Reliance Industries, and persistent foreign fund outflows.
During the day, the benchmark tanked 588.9 points or 0.68% to hit a low of 85,053.
On Monday, FIIs offloaded equities worth ₹1,171.31 crore, while DIIs bought stocks worth ₹2,558.93 crore, according to exchange data.
Markets in Europe were trading higher.
The U.S. markets ended lower on Monday.
Brent crude, the global oil benchmark, dipped 0.33% to $62.96 per barrel.
On Monday, the Sensex pared early gains and ended 64.77 points or 0.08% lower at 85,641.90.
During the day, the benchmark jumped 452.35 points or 0.52% to hit a record intra-day high of 86,159.02.
On Monday, the Nifty dipped 27.20 points or 0.10% to settle at 26,175.75.
During the day, it climbed 122.85 points or 0.46% to hit a lifetime high of 26,325.80.
