Indian equity markets ended sharply lower on Tuesday as broad-based selling across sectors weighed on investor sentiment, with the Nifty settling below the 25,250 mark.
At the close of trade, the BSE Sensex declined 1,065.78 points, or 1.28 per cent, to settle at 82,180.47. The NSE Nifty fell 353 points, or 1.38 per cent, to close at 25,232.50.
The domestic benchmark indices opened on a flat to negative note and remained under pressure through the session, reflecting cautious sentiment amid weak global cues and sustained institutional selling.
Sectoral indices largely ended in the red. Realty, Consumer Durables, Auto, IT, Metal and Pharma stocks witnessed notable declines, adding to the overall weakness in the market.
Vinod Nair, Head of Research at Geojit Investments Limited, said domestic markets remained cautious ahead of the US Supreme Court’s ruling on Trump-era tariffs, with renewed uncertainty over US trade policy prolonging the recent consolidation phase. He added that continued foreign institutional investor outflows, rising US and Japanese bond yields, and a weakening rupee weighed on investor confidence. Mid- and small-cap stocks underperformed the benchmarks, while sentiment remained negative across sectors.
According to Nair, near-term market sentiment will be guided by the ongoing earnings season, along with developments on the geopolitical and global trade fronts.
Rupak De, Senior Technical Analyst at LKP Securities, said bears regained control as persistent trade tensions kept bulls on the back foot. He noted that key support levels continued to weaken amid strong institutional selling, with technical indicators remaining in a bearish crossover and nearing the oversold zone. On the daily chart, the Nifty appears to be drifting towards its 200-day moving average, with immediate support seen in the 25,100–25,150 range.
Ponmudi R, CEO of Enrich Money, said the aggressive and unpredictable use of tariffs by the US administration has created widespread unease in global markets, leading to sharp volatility across asset classes. He added that fresh threats of additional tariffs on European nations opposing US moves related to Greenland have triggered another round of global equity selling, which also weighed on Indian markets.
Ponmudi further said the Indian equity market ended the session on a decisively negative note due to weak global cues, cautious investor positioning and subdued risk appetite. Uncertainty over the US interest rate trajectory, early signs of a global growth slowdown and ongoing international trade concerns kept participants defensive through the day.
-ANI
