Indian equities ended on a lower note amid volatility on Tuesday. Metal, oil & gas and realty stocks traded higher while power stocks witnessed a fall. At the close, the benchmark 30-share index, BSE Sensex declined 50.45 points or 0.18% at 27,440.14 while the broad based NSE Nifty closed flat with a decline of 7.15 points or 0.09%, at 8,324.80.33.

Jayant Manglik, President-retail distribution, Religare Securities said, 'After a strong surge on Monday, equity benchmarks traded in a narrow range and closed flat on Tuesday. Due to prevailing uncertainty, participants preferred to book profit after the previous session’s rally, which capped the upside in index.  Also, investors' are eyeing development in the parliament and hence keeping cautious approach. Amid all, the market got support at lower levels in response to the statement made by the finance minister Arun Jaitley that the government has initiated a large number of reforms in its first year of governance to encourage investments and the country has the potential to grow at 9-10%.

On the other hand, Mahindra & Mahindra  (2.27%), Housing Development Finance Corporation  (1.88%), State Bank Of India (1.86%), Cipla  (1.71%), Bajaj Auto  (1.45%),  and Infosys  (1.38%) were the biggest losers in the Sensex.