Markets reverse early gains in volatile trade; Sensex falls 236 points

In the Sensex pack, Tech Mahindra, Hindustan Unilever, HCL Technologies, Asian Paints, NTPC, Tata Steel, Infosys, Axis Bank, and Bajaj Finserv were among the biggest laggards

Equity indices failed to hold on to morning gains on Tuesday, with the Sensex falling 236 points amid a sell-off in information technology stocks and weak trends from global markets.

The 30-share BSE benchmark opened higher, but could not carry forward the momentum and declined 236 points, or 0.43 per cent, to settle at 54,052.61. During the day, it hit a low of 53,886.28 and a high of 54,524.37. The broader NSE Nifty dropped 89.55 points, or 0.55 per cent, to end at 16,125.15.

In the Sensex pack, Tech Mahindra, Hindustan Unilever, HCL Technologies, Asian Paints, NTPC, Tata