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Sensex and Nifty fell about 0.3 as IT, FMCG and banking stocks slid, IT majors like Infosys and TCS led losses, while Maruti Suzuki and select mid and small caps gained
Stock Market Closing Bell
Indian equity benchmarks ended lower on Tuesday as losses in information technology (IT), FMCG and banking stocks outweighed gains in auto and select financial shares.
The BSE Sensex settled at 76,478.67, down 249.70 points or 0.33%, while the Nifty 50 closed at 23,865.75, losing 0.34%. The Sensex had opened higher at 77,005.51 and touched an intraday high of 77,037.36 before slipping to a low of 76,329.39 as selling intensified during the session.
IT stocks emerged as the biggest laggards. Infosys declined around 3.9%, while TCS and HCLTech fell over 3% and 2.8%, respectively. Tech Mahindra also ended more than 2% lower. Other major losers included Hindustan Unilever, ITC, SBI, L&T, Reliance Industries, and ICICI Bank.
On the gaining side, Maruti Suzuki led the rally with a gain of over 5%, followed by Titan, Bajaj Finance, Eternal, and Adani Ports. Buying was also seen in Bharti Airtel, InterGlobe Aviation (IndiGo), Bajaj Finserv, and NTPC, helping limit the market’s losses.
Among sectoral indices, Nifty IT was the worst performer, dropping 2.73%. In contrast, Nifty Realty, Consumer Durables, Chemicals, and India Defence ended in positive territory. The broader market showed resilience, with the Nifty Smallcap 100 rising 1.02% and the Nifty Midcap 100 gaining 0.37%, indicating continued investor interest in mid- and small-cap stocks despite weakness in large-cap technology shares.
About the Author
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the I…Read More
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