BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday. While BSE Sensex was just above 81,500, Nifty5 was below 24,600.

IndusInd Bank, PowerGrid, Bajaj Finance, and Maruti emerged as the only gainers on the Sensex. On the other hand, Titan, JSW Steel, UltraTech Cement, Adani Ports, and Tech M stood among the laggards

Indian equity markets opened in the red on Monday as BSE Sensex dipped over 150 points, trading below 82,000, while Nifty50 slipped under 24,750. Investors await key global and domestic cues, including the Fed rate decision.

The S&P BSE Sensex was down by 348.55 points to close at 81,748.57, while the NSE Nifty50 lost 100.05 points to end at 24,668.25.

LIVE: Investors in India are likely to remain cautious amid mixed global cues as investors here and elsewhere await key policy rate decision from the US Federal Reserve later this week

Pharma and PSU stocks surged in today's session, while a sharp sell-off in IT and financial stocks dragged the indices lower. However, the broader markets withstood the pressure, ending the session in positive territory.

Several stocks plunged in excess of 5 per cent in Mumbai trading on Monday even as equity benchmark BSE Sensex traded 196.68 points down at 81936.44 amid brisk selling in frontline bluechip counters.