The benchmark BSE Sensex dropped by 57.43 points to 27,903.76 in early trade on Tuesday due to selling in oil, IT and auto stocks even as global markets were firm after the Greece bailout deal.
The 30-share barometer, which was up by 33.85 points in pre-trade, dropped by 57 points as bluechips like Tata Motors, HDFC, Reliance and ONGC declined.
The 50-issue Nifty of the NSE fell by 11.65 points to 8,448 points.
Among major losers, Tata Motors fell by 1.78 per cent, HDFC by 0.76 per cent while Hindalco, Reliance, ONGC, TCS, Infosys and ICICI Bank dropped up to 1 per cent.
Among other Asian markets, China’s Shanghai Composite Index rose 0.73 per cent, while Japan’s Nikkei was up by 1.50 per cent in early trade.
The U.S. Dow Jones industrial average ended 1.222 per cent higher in Monday’s trade.
