The Indian stock market wiped off morning gains to close in the red on Tuesday, with Sensex and Nifty falling sharply during the closing auction session (CAS) even as oil prices and bond yields cooled down.
Sensex fell 330 points to close at 74,529. On its weekly futures and options expiry day, Nifty saw its indicative price tumble around 1% in 30 seconds from 23,349.5 to 23,133, before recovering some of the losses to close at 23,329.