The Indian stock market wiped off morning gains to close in the red on Tuesday, with Sensex and Nifty falling sharply during the closing auction session (CAS) even as oil prices and bond yields cooled down. Sensex fell 330 points to close at 74,529.

5 to 23,133, before recovering some of the losses to close at 23,329. Here's how analysts read the market pulseIndian equities turned volatile today after an early recovery attempt, with the Sensex and Nifty giving up gains as selling intensified at higher levels, said Vikram Kasat, Chief Business Officer of Advisory and Dealing at PL Capital.

He noted that the Nifty is trading around 23,300–23,350, while the Sensex remains around 74,500–74,700, with IT stocks under pressure amid concerns over the demand outlook. Brent crude has rebounded to around $99-100 a barrel after four consecutive sessions of declines, while foreign outflows and geopolitical uncertainty continue to weigh on sentiment and keep inflation and import-cost concerns in focus.

8 per dollar, while gold and silver continue to see volatility amid shifting global rate expectations. -Iran talks boosted broader market sentiment.

A senior Iranian official told Reuters that Tehran could reopen the Strait of Hormuz within seven days if the US eases pressure. Saudi Arabia also restarted operations at its East-West Pipeline, according to three sources.

9% - both hovering near levels that weighed on markets in recent days. Attention is turning to a high-stakes meeting between US President Donald Trump and Chinese President Xi Jinping later this week, with investors watching for any indications that the leaders of the world's two largest economies can prevent a further deterioration in relations.

5%, extending the previous day's 1% rally. 5%, tracking a dip in oil prices after Kyodo News reported that Iran offered to reopen the Strait of Hormuz within 7 days.

Most active stocks in terms of turnoverHDFC Bank (Rs 2,642 crore), Meesho (Rs 2,565 crore), Pine Labs (Rs 1,628 crore), RIL (Rs 1,330 crore), Gabriel India (Rs 1,138 crore), Kaynes Tech (Rs 1,059 crore) and BSE (Rs 1,021 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.

52-week highAmong the ones which hit their 52-week highs on NSE included Engineers India, RBL Bank, JSW Infrastructure, Welspun India, Syrma SGS Technologies, ACME Solar Holdings and Laurus Labs. 52-week lowAmong the ones which hit their 52-week lows on NSE included Voltas, Britannia Industries, Tata Elxsi, Tata Consumer Products, KPIT Tech, United Breweries and IRB Infra Developers..