Mumbai: The BSE benchmark Sensex dropped by another 168 points in early trade Tuesday on sustained selling pressure from operators mainly in realty, banking, auto, metal and oil & gas sectors.
However, disappointing IIP numbers released after market hours on Friday, limited the gain.
The 30-share index Sensex resumed higher at 22,698.09 points and firmed up further to 22,737.31 on good buying support from investors.
However, it declined immediately to 22,419.51 before quoting at 22,461 points at 1010 hours.
It showed a loss of 167.96 points or 0.74 percent from its last weekend's close.
The NSE 50-share Nifty also declined by 51.10 points, or 0.75 percent, to 6,725.20 at 1010 hours.
Major losers were - HDFC (fell by 2.80 percent), HDFC Bank 2.22 percent, HUL 2.12 percent, Hindalco 2.10 percent, Hero MotoCorp 2.05 percent, Sun Pharma 1.81 percent, ITC 1.71 percent and M&M 1.68 percent.
However, Infosys rose by 3.51 percent, Bharti Airtel 1.71 percent, Wipro 1.65 percent and TCS 1.60 percent.
Among other Asian markets, Japan's Nikkei gained 1.14 percent while Hong Kong's Hang Seng shed 0.14 percent in morning trade today.
The US Dow Jones Industrial Average ended 0.91 percent higher in yesterday's trade.