Sensex falls over 170 points, Nifty closes below 10,200

New Delhi: Amid broadly negative trend, markets closed in the red on Tuesday with Nifty coming below the 10,200-mark and Sensex slipping below 34,000.

Heavy selling pressure was witnessed in the banking, oil and gas and energy sectors, while all the other counters were in the green on BSE, led by IT.

Sensex fell 176.27 points or 0.52 percent to 33,891.13. Nifty shed 52.45 points or 0.51 percent to slip below 10,200-mark.

Asian shares clawed back earlier losses on Tuesday. MSCI`s broadest index of Asia-Pacific shares outside Japan swung in and out of negative territory, Reuters said.

Mainland China`s benchmark Shanghai Composite and the blue-chip CSI 300 gained to 1.0 percent and 1.1 percent, respectively, winning back earlier losses in a volatile session.