The S&P BSE Sensex fell 297.07 points, or 0.36%, to 82,029.98, while the NSE Nifty 50 fell 81.85 points, or 0.32%, to end at 25,145.50.
This is how analysts read the market pulse:
The weak start to ongoing second-quarter results and weaker-than-expected inflation data raised concerns about sluggish demand, intensifying profit bookings, said Vinod Nair, head of research at Geojit Investments. He added that midcap and smallcap stocks bore the brunt of the sell-off and underperformed largecaps, while sectoral losses were broad-based.
“In the short term, volatility is expected, but in the medium term, the market is in a safe zone, anticipating an increase in demand in the second half of FY26,” Nair said.
Also read | 5 Wall Street Moguls Who Dismissed Bitcoin as a Fad – Guess What They’re Saying Now!
American markets
Wall Street’s major indexes fell on Tuesday as renewed concerns about a US-China trade dispute dampened sentiment as investors analyzed results from major US banks, kicking off the third-quarter reporting season.
The S&P 500 banking index, which has outperformed the S&P 500 this year, fell 1.4% despite strong performance from major lenders.
The earnings reports will help investors assess the impact of tariffs on corporate America and provide new guidance on the economy at a time when the release of key official data continues to be delayed due to an ongoing government shutdown.
European markets
European shares fell to a near two-week low after renewed trade tensions between the US and China soured investor sentiment and French tire maker Michelin cut its full-year forecast, sending its shares to the lowest level in more than two years.
The pan-European STOXX 600 index fell 0.35%, while the broad European FTSEurofirst 300 index fell 7.25 points, or 0.32%.
Technical view
The Nifty index again encountered resistance around 25,300 points and witnessed selling pressure from that zone, said Nilesh Jain, Head of Technical and Derivatives Research at Centrum Broking, adding that the index formed a bearish candle on the daily chart, which resembled a bearish engulfing pattern.
“However, the index found support near its 21-DMA at 25,060 and recovered sharply to close above the 25,100 level. At present, Nifty seems to be consolidating within a range of 25,000-25,300, which act as key support and resistance levels respectively. A decisive break above 25,300 would be required to trigger the next leg of the upward move,” said Jain.
Also read | Warren Buffett’s Biggest Investment Isn’t Apple, BofA or Coca-Cola – It’s a Stock Hidden in Plain Sight
Most active stocks in terms of turnover
HDFC Bank (Rs 2,237 crore), BSE (Rs 2,234 crore), Anand Rathi Wealth (Rs 2,181 crore), Tata Motors (Rs 2,113 crore), MCX India (Rs 1,869 crore), ICICI Bank (Rs 1,466 crore) and RIL (Rs 1,346 crore) were among the most active stocks on the market BSE in value terms. Higher activity in a counter in terms of value can help identify the counters with the highest trading turnover per day.
Most active stocks by volume
Vodafone Idea (shares traded: Rs 80.52 crore), YES Bank (shares traded: Rs 15.43 crore), Adani Power (shares traded: Rs 5.28 crore), Tata Motors (shares traded: Rs 5.22 crore), IREDA (shares traded: Rs 4.40 crore), Suzlon Energy (shares traded: Rs 4.05 crore) and RBL Bank (shares traded: Rs 3.44 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks that show buying interest
Shares of CE Info Systems, Anand Rathi Wealth, MCX India, Usha Martin, Tata Investment, Tata Communications and SKF India were among the stocks that witnessed strong buying interest from market participants.
Also read | TCS and Tata Motors plummet to 42% from peak, wiping out more than Rs 4 lakh crore of Tata shares by 2025 amid boardroom turmoil
52 Week High
More than 133 stocks hit their 52-week highs today, while 153 stocks fell to their 52-week lows. Bajaj Finance and Eternal were among those that hit 52-week highs.
Stocks see selling pressure
Stocks that witnessed significant selling pressure were Tata Motors, Bajaj Finance, TCS, NTPC, Tata Steel, IndusInd Bank and Axis Bank.
Sentiment gauge bearish
Market sentiment was bearish. Of the 4,334 shares traded on the BSE on Tuesday, 2,935 shares witnessed a decline, 1,286 a rise, while 113 shares remained unchanged.
Also read | Ola Electric vs Ather Energy shares: Which EV bet looks best for your portfolio right now?
(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)
as a reliable and trusted news source#Ahead #Market #Determine #Stock #Market #Action #Wednesday