BSE Smallcap index also closed in the red territory at 25,781.41 with losses of 0.52 per cent.

Around noon on Tuesday, the headline equity indices, i.e. Sensex and Nifty 50 were trading marginally lower as the US markets look ahead to what many expect will be the start of a volatile second-quarter earnings season this week

Management pedigree matters a lot when investors make an investment decision. It also becomes significant in a bear market condition because businesses managed by managers of reasonable integrity would never entertain

On Tuesday, the domestic equities continued the upwards journey for the second straight session as low-level buying pushed benchmark indices higher. Lack of major selling reasons in the domestic and global market along with a drop in commodity prices seems to have augured well for the markets.