Sensex, Nifty Trade In Red; IT, Media, Pharma, Health, BSE SmallCap Gain
Meanwhile, European stocks finished up 0.16 per cent, following a late rally in Japan’s Nikkei index that ended 0.47 per cent higher.
Gold traded above $2,500 per ounce on rate cut expectations and lingering concerns about the Middle East conflict.
In economic data, the US consumer confidence rose to a six-month high in August although Americans are becoming more anxious about the labor market, data showed on Tuesday.
Personal consumption expenditures (PCE) price index, a key US inflation measure that is preferred by the Fed, is due on Friday and could further influence market perceptions of how quickly the central bank officials will act.
Oil prices fell, with Brent futures settling down 2.3 per cent at $79.55 a barrel, while US crude fell 2.4 per cent to $75.53.
On the domestic front, foreign institutional investors (FIIs) purchased shares worth Rs 1,503.76 crore on August 27, whereas domestic institutional investors (DIIs) sold shares worth Rs 604.08 crore.