Indian markets reversed early gains to end lower for a second straight session on Tuesday as a pullback in financial stocks weighed on sentiment.
The Sensex lost 297 points to close at 82,029, while the Nifty lost 82 points to end at 25,145.
Top performers included Bajaj Finance, BEL, Tata Steel, TCS and NTPC, each down up to 1.8%.
The broader markets underperformed… both mid and small cap indices fell by almost one percent.
But outside the benchmark space, LG Electronics India stole the show.
The stock made a blockbuster debut, trading at a 50% premium and closing nearly 48% higher, marking its strongest billion-dollar IPO debut since 2021’s Eternal.
Market experts say the weak start to second-quarter earnings and soft inflation data raised concerns about slowing demand, leading to profit bookings across sectors.
Geojit Investments’ Vinod Nair expects volatility to persist in the short term, but believes the medium-term outlook remains stable, with demand likely to pick up in the second half of FY26.
In the commodities sector, Brent crude fell more than 1.5% to around $62 per barrel, weighed on US-China trade jitters and weaker demand signals from the IEA.
Meanwhile, the rupee remained near the lows and closed at 88.79 per dollar, cushioned somewhat by possible intervention from the RBI.
That’s all for today’s market turn.
This is Neha Vashishth, and you are listening to ET Market Watch. Stay tuned for more market insights tomorrow.
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