Due to selling pressure in the banking and IT sectors, the Indian market indices Sensex and Nifty50 gave up early gains on Tuesday. Heavyweights including HDFC Bank, Infosys, Reliance and TCS, which released its quarterly results the day before, were the main drags on the major indices. However, gains in sectors like auto and metal prevented both the Sensex and Nifty50 from suffering further losses. 

All other sectoral indices on the NSE were in the red, with the exception of the Nifty FMCG index.