The Sensex and Nifty closed lower on Tuesday, giving up more than 1 per cent gains made during the day, as investor sentiment soured in global markets, while the rupee hit a fresh record low on concerns of a bigger current account deficit.

The NSE Nifty 50 index ended down 0.15 per cent or 24.50 points at 15,810.85, while the S&P BSE Sensex dropped 0.19 per cent or 100.42 points to 53,134.35. Both the indexes had gained over 1 per cent in morning trade.

The US stock futures and European shares fell, while the euro sank to a two-decade low versus the dollar.

The Nifty IT index fell 0.7 per cent.

The Nifty’s volatility index, which indicates traders’ expectations about market instability over the next 30 days, was down 0.9 per cent at 20.7875.

Among individual gainers, PTC India Financial Services jumped nearly 20 per cent after the non-banking financial company said an independent audit issued a “satisfactory report” after deeming that the company maintained sufficient transparency.

PTC India Financial has been under the Indian market regulator’s radar for corporate governance issues.

Marksans Pharma soared 17.8 per cent after a proposal for a share buyback.

ITC Ltd, which rose over 3 per cent in the previous session, fell 1.7 per cent and was the top loser in Nifty 50 index.