Sensex, Nifty volatile; auto, banks, metals bleed, IT, realty gain

Indian indices witnessed a flat start on Tuesday. The voting for the Assembly elections of 5 states ended on Monday and the exit polls suggest BJP could retain power in 4.

The last four session has seen the indices drop points due to the conflict between Ukraine and Russia, which has led to surge in crude prices.

The impact of that has been a higher inflationary pressure sending global market into a downward trajectory. On Tuesday, Shares in Hong Kong and Shanghai were up marginally, while Japan and Australia witnessed a decline.

The US market ended Monday session deep in the red as economic growth prospects took a big hit due to uncertainty over the Ukraine crisis.