Sensex, Nifty close marginally down in volatile trade

Benchmark equity indices Sensex and Nifty ended marginally lower in highly volatile trade on Tuesday as losses in IT and auto stocks were largely offset by gains in banking and oil shares amid mixed global trends.

The 30-share BSE Sensex ended 40 points lower at 57,613 as 19 of its stocks declined and 11 advanced. The index opened higher and further climbed 295 points to touch a high of 57,949. It, however, failed to hold onto the gains and fell to a low of 57,494 later.

The broader NSE Nifty closed lower by 34 points to finish at 16,951 after gyrating between 17,061 and 16,913.

As many as 32 Nifty stocks declined, 17 advanced and one closed unchanged. Adani Entertainment, Adani Ports, Tech Mahindra, HeroMotoCorp and Tata Motors were among major Nifty losers.