Mumbai, Nov 2 (IANS): Profit bookings along with subdued global cues dampened both the key indices - S&P BSE Sensex and NSE Nifty50 - of the India's equity market on Tuesday.

Globally, Asian stocks ended broadly lower on Tuesday eroding from opening levels as traders digested the latest coronavirus curbs in China and awaited key central bank decisions for clues on whether they could consider tightening monetary policy earlier than thought.

Besides, European markets were mixed ahead of a slew of Central Banks' meetings.

On the domestic front, low volumes on the auspicious occasion of Dhanteras kept the pressure on bulls.

Amongst sectors, realty and auto indices gained the most whereas metals index fell the most.

Consequently, the 30-scrip Sensex closed at 60,029.06 points, down 109.40 points or 0.18 per cent.

Besides, the NSE Nifty50 ended the day's trade at 17,888.95 points, lower by 40.70 points or 0.23 per cent.

"Nifty lost some steam on November 2 after the rise seen on November 1. Advance decline ratio remains positive as the broader markets keeps drawing investors interest," HDFC Securities' Retail Research Head Deepak Jasani.

"FPI activity seemed muted compared to that seen in the last few days, as 18,03 3-18,098 is the next band of resistance while 17,833 is the support."

According to Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services: "Domestic market opened positive but reversed its earlier gains in a volatile session amid mixed global cues."

"Given Diwali on Thursday, this week is a truncated one with all eyes awaiting the outcome of US Fed MPC which could provide direction to the future course of the market. Otherwise on the domestic front, earnings season so far has been mixed while macro data points have been robust - giving investor confidence with regard to economic recovery."

In addition, Vinod Nair, Head of Research at Geojit Financial Services said: "Succumbing to lacklustre global sentiments, domestic indices failed to gain ground oscillating between gains and losses in today's rough session. Global markets remain jittery ahead of the upcoming Bank of England and Fed meetings where the central banks could cease the pandemic-era stimulus."

"Metal, oil and commodity stocks dragged, fuelled by profit booking while realty, PSU bank and consumer durables made frail attempts at lifting the indices. Auto sector managed to remain buoyant despite weak auto sales numbers reported by sectoral majors due to supply chain disruptions, fuel price hikes and rise in input costs."