While the Reliance Industries stock closed 1.33 percent lower at Rs 2,627 per share on the BSE, Bharti Airtel closed 1.63 percent higher at Rs 682 per share.

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 finished a volatile session on Tuesday in the red, as investors globally remained cautious about the impact of red-hot inflation in the US on already hawkish central banks and the overall impact on economic growth. Losses in financial, oil & gas and FMCG shares pulled the headline indices lower, but gains in select IT, pharma and metal counters limited the downside. Broader markets also failed to hold on to intraday gains, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling 0.2 percent and 0.6 percent respectively.

The US Dollar Currency Index, which tracks its performance against six other major currencies, was up 0.3 percent at 105.42, after climbing as high as 105.46, its strongest since December 2002.

Indian equity benchmark indices failed to hold on to the recovery on Tuesday and closed at a fresh 11-month low. At close, the S&P BSE Sensex was down 153.13 points or 0.29 percent at 52,693.57. The broader Nifty shut shop 42.30 points lower or 0.27 percent down at 15,732.10.