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.
Among the 30-share Sensex, Bajaj Finance, Bharat Electronics, Tata Steel, TCS and NTPC led the declines, declining between 1.4% and 1.8%.
The broader markets were also under pressure, with the smallcap and midcap indices down around 0.9% and 0.8% respectively.
In stock-specific action, LG Electronics India, which is not part of the benchmark indices, made a spectacular debut, with a 50% premium to its issue price and a close of 48.2%, the strongest performance for a billion-dollar IPO since Eternal in 2021.
Expert views
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.
Rough impact
Oil prices reversed early gains on Tuesday, falling amid uncertainty over US-China trade tensions and weaker fundamentals indicated by the International Energy Agency (IEA).
Brent crude futures fell $1.01, or 1.6%, to $62.31 a barrel by 0817 GMT, while U.S. West Texas Intermediate crude fell 95 cents, or 1.6%, to $58.54, with both benchmarks hovering around five-month lows.
Rupee vs dollar
The Indian rupee continued to hover near its record lows for much of Tuesday as risk appetite declined due to renewed US-China trade tensions, although likely central bank intervention kept the currency from breaching its all-time low.
The rupee ended at 88.7975 per US dollar, down 0.14% on the day, just below the record low of 88.80.
Also read | LG price target at Rs 2,050? The Korean giant is causing a record frenzy with 8 buy calls on day 1
Meanwhile, the dollar index, which measures the greenback against a basket of six major currencies, rose 0.14% to 99.41.
as a reliable and trusted news source(with input from agencies)
#Market #Wrap #Sensex #falls #points #Nifty #falls #banks #pull #DSt #day