Sensex falls 153 points in early trade; Nifty slips below 15,700

On the other hand, Bajaj Finserv, M&M, Tata Steel and Bajaj Finance were among the gainers.

Elsewhere in Asia, markets in Seoul and Tokyo were trading lower, while Shanghai and Hong Kong quoted in the green during mid-session deals.

Stock exchanges in the US ended on a mixed note in the overnight session. In the previous session, the 30-share BSE benchmark dropped 153.13 points or 0.29 per cent to settle at 52,693.57.

The NSE Nifty declined by 42.30 points or 0.27 per cent to end at 15,732.10.

“All eyes will be on the FOMC (Federal Open Market Committee) June policy meeting outcome with a focus on the magnitude of the rate increase. Also, FII selling in the domestic market and crude oil prices above USD 121.3 a barrel will continue to weigh on investors’ sentiment,” said Prashanth Tapse, Vice President (Research), Mehta Equities Ltd.

Meanwhile, international oil benchmark Brent crude gained 0.12 per cent to USD 121.35 per barrel. Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 4,502.25 crore on Tuesday, as per exchange data.