The Indian market traded volatile on Tuesday tracking movements in the currency market and sharp sell-off in midcaps. The BSE Sensex was trading at 34481.29, up 6.91 points at 11.46 am, while the NSE Nifty50 was down by 9.30 points at 10338.70.

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Broader markets sharply underperformed with both the NSE MidCap and BSE MidCap dipping over a percent. The BSE LargeCap index traded lower by 0.44 percent.

As many as 36 sectors have declined with BSE Consumer Durables being the worst performer, trading lower by 2.33 percent. Only 7 sectoral indices moved higher with the Nifty Finance leading by 0.6 percent gains.

Shares of Yes Bank and HDFC were among top gainers along with Vedanta, Adani Ports, Zee Entertainment, Coal India, rising by up to nearly 4 percent.

Tata Motors shares tanked 14 percent in trade, while Titan slumped 4 percent. HPCL, Eicher Motors, Grasim shares slipped between 3.6 and 3.8 percent. Asian Paints, ICICI Bank, Bharti Airtel, Bajaj Auto were other major laggards dipping by up to 2.17 percent.

Tata Motors shares fell after its luxury-car brand Jaguar Land Rover reported 12.3 percent decline in global sales at 57,114 in September as demand took a big hit in China.

In addition, a two-week shutdown in JLR's West Midlands plant in October end to cope with weakening global demand further hit investor confidence in Tata Motor's stock.

The Indian rupee traded at 74.10 against the US dollar at 12.02 pm. The home currency had opened stronger at 73.87 against the US dollar after Monday's close at 74.06 against the greenback.

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