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		A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (Photo: Kamlesh Pednekar)</div></div>

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	Extended their early losses, the Indian stock market ended around 2 per cent lower on Tuesday, with financials, auto, and metal stocks dragging the indices.</div>
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	The S&P BSE Sensex tumbled 661 points or 1.8 per cent to end the day at 36,033.06 levels. The index had earlier slipped below the 36,000 mark in the intra-day deals. IndusInd Bank and Axis Bank (both down over 5 per cent) were the top Sensex laggards. Besides, both HDFC and HDFC Bank slipped up to 3 per cent after the latter conducted a probe into allegations of improper lending practices in its vehicle-financing operation.</div>
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	Meanwhile, the volatility index, India VIX rose 5.73 per cent to 26.70 levels.</div>
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	The broader Nifty50 index also slipped below the 10,650 levels and ended at 10,607, down 195 points or 1.81 per cent. The trend among Nifty sectoral indices was negative, led by the Nifty Bank index, down 3 per cent. Nifty Pharma was the only index that ended in the green - up 0.48 per cent.&nbsp;</div>
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	In the broader market, both the S&P BSE MidCap as well as SmallCap indexes slumped around 1 per cent.</div>
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	<strong>Global markets&nbsp;</strong></div>
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	Global stocks slipped on Tuesday, oil sagged and a safety bid supported the dollar as simmering Sino-US tensions and new coronavirus restrictions in California kept a lid on investor optimism with earnings season getting underway.</div>
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	MSCI&rsquo;s All-Country World Index edged down 0.4 per cent, after touching a 20-week high on Monday. The pan-European STOXX 600 opened 1.5 per cent lower and was heading for its worst day in 14 sessions after technology stocks dropped 3.4 per cent. This followed a slump a day earlier in the tech-heavy Nasdaq.</div>
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	S&P 500 futures were 0.5 per cent stronger after the index lost 0.9 per cent on Monday.</div>
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	<strong>(With inputs from Reuters)</strong></div>

MARKET WRAP: Sensex tanks 661 pts, Nifty Bank slips 3%; India VIX jumps 6%

Business Standard

MARKET WRAP: Sensex tanks 661 pts, Nifty Bank slips 3%; India VIX jumps 6% | News on Markets - Business Standard

Oil prices drop on demand recovery fears amid US virus surge

&gt;&gt;&nbsp;Oil prices fell around 2% in early trade on Tuesday on worries that new clampdowns on businesses to stem surging coronavirus cases in California and other US states could threaten the nascent recovery in fuel demand.<br />
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&gt;&gt; US West Texas Intermediate (WTI) crude CLc1 futures slid 84 cents, or 2.1%, to $39.26 a barrel at 7:10 am, while Brent crude LCOc1 futures fell 77 cents, or 1.8% to $41.95 a barrel.<br />
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	<em>(Source: Reuters)</em><br />
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&gt;&gt; At 8:23 am, the index was at 10,753 level, down 58 points.<br />
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Asian markets struggle to digest coronavirus spike

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S&P 500 and Nasdaq end lower after sharp drop in tech titans

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MARKET WRAP: Sensex tanks 661 pts, Nifty Bank slips 3%; India VIX jumps 6%

All that happened in the markets today

Oil prices drop on demand recovery fears amid US virus surge

SGX Nifty hints at weak start

Asian markets struggle to digest coronavirus spike

S&P 500 and Nasdaq end lower after sharp drop in tech titans