Business / Sensex Drops 80 Points, Nifty Below 11,580 on Tuesday

Domestic stock markets started Tuesday's session on a lacklustre note tracking weakness in Asian peers. The S&P BSE Sensex fell as much as 80.44 points in early trade to 38,620.09, while the NSE Nifty touched 11,574.15, down 30.35 points from the previous close. Losses were led by selling in energy stocks while gains in metals and PSU banking counters kept the downside in check.

On the 50-scrip index, top laggards were Asian Paints, Indiabulls Housing Finance, GAIL, UPL and Indian Oil, trading between 1.05 per cent and 2.72 per cent lower. 

Equities in other Asian markets struggled to make gains as investors braced for key events later in the week, including the start of the US earnings season and a crucial Brexit summit, while broader concerns about slowing global growth checked sentiment.