Indian equity benchmarks ended lower on Tuesday, as rising geopolitical tensions in West Asia weighed on investor sentiment, pulling down banking, realty, and oil and gas stocks.
The Nifty slipped 86.50 points, or 0.36 per cent, to close at 24,032.80, while the Sensex declined 251.61 points, or 0.33 per cent, to settle at 77,017.79.
The benchmarks erased gains from the previous session as selling pressure intensified through the day.
Sectorally, banking, real estate, and oil and gas stocks emerged as the biggest laggards reflecting concerns over global growth and rising uncertainty in energy markets.
In contrast, auto and FMCG stocks showed resilience, providing some support to the broader market.
The broader indices, however, displayed a mixed trend. The Nifty MidCap index ended 0.17 per cent higher, while the Nifty SmallCap index gained 0.28 per cent.
Market sentiment remained cautious amid escalating tensions in West Asia. Reports suggested that the United States and Iran have exchanged fire near the Strait of Hormuz, despite a ceasefire that had been in place for over a month.
The renewed conflict has raised fears of prolonged instability in the region, which is critical for global oil supplies.
(IANS)
