The Indian stock markets benchmark indices fell for the second consecutive session on Tuesday mirroring losses in global markets. At close, the BSE Sensex tumbled over 273 points on Tuesday, tracking losses in index majors Reliance Industries, Dr. Reddy's, and Axis Bank amid a massive selloff in Chinese markets. Axis Bank, Sun Pharma, Kotak Bank, HDFC, and ITC fell up to 3.19 percent.

On the other hand, Tata Steel, Bajaj Finserv, SBI, Bajaj Finance, and Tech Mahindra were among the gainers. Mid- and small-cap shares ended mixed as Nifty Midcap 100 index declined 0.5 percent and the Nifty Smallcap 100 index ended on a flat note. Pharma shares came under intense selling after pharma heavyweight Dr. Reddy's Labs reported that its profit fell 1.5 percent in June quarter. Realty, Private Bank, Auto and Bank indices also fell between 0.4-0.8 percent.

Dr. Reddy was the top loser in the Sensex pack, falling over 10 percent, after the company reported s 36 percent decline in consolidated net profit at Rs 380.4 crore for the quarter ended June 30, 2021, on account of higher expenses.

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