Stock Market Highlights Today: BSE Sensex ends in red, stays above 75,200; Nifty 50 closes below 23,650

Stock Market Highlights Today: BSE Sensex and Nifty50 ended in red on Tuesday. Market Analysts believe the market is likely to stay heavily influenced by ongoing events in the near term, with volatility expected to remain elevated. In another partial relief for oil marketing companies, petrol and diesel prices across the country have been hiked by around 90 paise today - marking the second hike in fuel prices which had already been raised by Rs 3 per litre last week.A combination of crude oil prices hovering around the $106-per-barrel mark, the rupee sliding to a fresh low of 96.2 against the US dollar, rising bond yields and growing inflation worries is creating a difficult environment for Indian equities. Although corporate earnings and domestic economic indicators continue to show relative strength, investors are becoming increasingly uneasy about the wider impact of expensive energy on inflation, government finances, liquidity and the Reserve Bank of India’s future policy direction.