The overall mood at the market on Tuesday fluctuated with the impact of the Goods and Service Tax launch still being felt along with profit booking by some investors. At the closing hour, the Bombay Stock Exchange Sensex dropped 11.83 points to settle at 31,209 while the Nifty was down by 1.70 points to end at 9613.30.

During the day, the indices rose with the hope of benefits from the Goods and Services Tax. “GST positivity still weighs on the market,” Anand James, chief market strategist at Geojit Financial Services, told Mint. Overall, 1333 shares advanced while 1327 declined. As many as 135 shares remained unchanged.

Meanwhile, stocks of energy firms gained on slashed oil prices. Both Reliance Industries Ltd and Bharat Petroleum Corp Ltd jumped more than 2% each. The energy index in Nifty was also up by 1.52%.

Investors booked profits in cigarette maker ITC, which hit a record high on Monday, and brought it down by 0.79%. The major losers were Hero MotoCorp (-1.96%), Dr Reddy’s (-1.93%), ITC (-1.56%), Axis Bank (-1.48%) and Cipla (-1.32%).

Among the BSE sectoral indices, healthcare index fell by 0.8% followed by realty (-0.75%) and FMCG (-0.67%) On the other hand, oil & gas index was up 0.54%, information technology by 0.38% and metal by 0.09%. The top five Sensex gainers were Reliance (+2.66%), HDFC (+1.16%), Kotak Bank (+1.05%), NTPC (+1.02%) and Adani Ports (+0.91%).

On Nifty, stocks of Hero MotoCorp Ltd plummeted 1.7% while that that of Bajaj Auto Ltd dropped by 1.05% respectively, bringing the overall index down by 0.62%.

The other big losers of the day were Jaiprakash (Jaypee) Associates Ltd (-8.4%), Reliance Communications Ltd (-4.4%) and Adani Power Ltd (-3.1%). Banking stocks also fell. Shares of Just Dial Ltd fell 2.5% to Rs 372 after the company said its Chief Financial Officer Ramkumar Krishnamachari has resigned, reported The Hindu.

The Asian stock market rose on Tuesday, riding on energy shares. However, the markets in Seoul were affected by North Korea’s missile launch.