While the global uncertainties are looking to ease, the volatility across the markets remains high. The stock market benchmark indices Sensex and Nifty, after opening in green the previous day, drifted lower on Tuesday as surging oil prices and foreign fund outflows unnerved investors.

Sensex falls by 208 points

The 30-share BSE Sensex declined 208.84 points to 77,094.79 in opening trade. Whereas the 50-share NSE Nifty dipped 42.8 points to 24,049.90. From the 30-Sensex firms, State Bank of India, Eternal, UltraTech Cement, InterGlobe Aviation, Trent and Axis Bank were among the biggest laggards. On the other hand, Tata Steel, Bajaj Finance, Kotak Mahindra Bank and Bharat Electronics were among the gainers.