Mumbai: The key Indian equity indices provisionally closed in the negative territory for the second successive day on Tuesday, with the S&P BSE Sensex losing close to 300 points.
The NSE Nifty50 also dropped nearly 100 points to end below the 11,300 mark, after global markets fell on the announcement of fresh US tariffs on Chinese imports.
Sector-wise, heavy selling pressure was witnessed in banking, auto and capital goods counters.
At 3.30 p.m., the wider NSE Nifty50 provisionally closed at 11,278.90 points, lower by 98.85 points or 0.87 per cent from the previous close of 11,377.75 points.
The S&P BSE Sensex, which had opened at 38,027.81 points, provisionally closed at 37,290.67 points, lower by 294.84 points or 0.78 per cent from the previous close of 37,585.51 points.
It touched a high of 37,745.44 points and a low of 37,242.85 points during the day's trade.