Benchmark stock indices Sensex and Nifty closed lower for the third consecutive day on Tuesday in a volatile trade, dragged by selling in IT and blue-chip private banking shares and foreign fund outflows amid concerns over the steep hike in US H-1B visa fees.

After oscillating between gains and losses during the day, the 30-share BSE Sensex closed lower by 57.87 points or 0.07 per cent at 82,102.10. During the day, it hit a high of 82,370.38 and a low of 81,776.53, fluctuating by 593.85 points.