Mumbai, Jan 18 (TIWN) Weak global cues along with a rise in global crude oil prices as well as outflow of foreign funds subdued India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- on Tuesday.

Besides, profit-booking after a healthy rise in heavyweights and a run-up in mid and small-cap stocks supported the downtrend.  Initially, the domestic equity market opened higher, but soon ceded its early gains.  Consequently, Sensex and Nifty settled at 60,754 points and 18,113 points, down 0.9 per cent or 554 points and 1.1 per cent or 195 points from their previous close, respectively.  Globally, Asian share markets turned negative as two-year US Treasury yields topped 1 per cent for the first time in almost two years. Similarly, European markets opened lower with technology underperforming amid concerns about faster tightening from the US Fed and rising yields.  On the domestic front, volumes on the NSE were in line with recent averages.  Among sectors, BSE bank index was the only one to end in the positive. Stocks of other sectors such as realty, metals, capital goods, auto and telecom fell.  “Advance decline ratio has fallen sharply to below 1:3 suggesting broad-based profit taking,” said Deepak Jasani, Head of Retail Research, HDFC Securities.