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BSE benchmark Sensex slumped 405.89 points or 0.71% per cent to 56,950.72, similarly, the Nifty fell 113.75 points or 0.66 per cent, to 17,087.05.

Minister of Union Road Transport and Highways, Nitin Gadkari, during an interactive session at Raisina Dialogue 2022 on Tuesday said that Tesla CEO, Elon Musk has to manufacture his Tesla cars in India if he wants to sell them in the country. Reiterating that Musk will not receive any ‘special treatment’, Gadkari added that Tesla must not import cars from China and sell them in India as it will not be a good proportion for Indian Market.

The 30-share BSE Sensex jumped 776.72 points or 1.37 per cent to end at 57,356.61 while the broader NSE Nifty rallied 246.85 points or 1.46 per cent to 17,200.80.

The 30-share BSE benchmark jumped 657.67 points higher at 57,237.56 in early trade, while the Nifty jumped 204.35 points to 17,158.30. 

Musk bought a 9% stake in Twitter in April, then offered to buy the whole company with a mission of "preserving", free speech.