Stock Market Ends 2-Day Rally; Sensex Falls 625 Points, Nifty Slips Below 24,850

Indian benchmark equity indices closed in the red on Tuesday, as the markets experienced a wild ride, with the Sensex fluctuating nearly 1,300 points in a volatile session marked by intense tussles between bulls and bears. Heavy selling pressure in the auto, IT, and FMCG sectors ended the Nifty and Sensex’s two-day winning streak. Despite the turbulence, the broader market showed resilience, closing the day slightly lower after a choppy trading session, providing a hint of stability amid the volatility.

By the close, the Sensex dropped 624.82 points, or 0.76 per cent, settling at 81,551.63, while the Nifty fell 174.95 points, or 0.70 per cent, to finish at 24,826.20. Market breadth was nearly even, with 1,893 shares gaining, 1,898 declining, and 137 remaining unchanged.

Sectorial Update

Sector-wise, Nifty FMCG led the declines, slipping 0.9 per cent. Nifty Auto and Nifty IT followed, each dropping 0.7 per cent. Nifty Oil & Gas fell by 0.6 percent, while Nifty Metal and Nifty Private Bank indices registered losses of 0.5 per cent each. On the other hand, some resilience was seen in Nifty PSU Bank and Nifty Realty, which posted modest gains of 0.25 per cent apiece.

Expert Comment

Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity, said, "Markets had a volatile session today, marked by sharp swings on both sides. Nifty opened flat at 24,956, but soon came under selling pressure, dragging it down to an intraday low of 24,737. Just when bears seemed to be in control, the index staged a swift recovery to hit the day’s high of 25,062. However, the second half saw another round of profit booking, wiping out all gains and pushing the index to a fresh low of 24,704, before finally settling near the lower end of the day’s range.

“Sectoral performance was mixed. PSU Banks and Realty stocks stood out with positive momentum, while major weakness was visible in Consumer Goods, IT, Auto, Consumption, and Financial Services sectors,” he added.

Also read: From Walmart, Adidas To Shein, Temu, All Warn About Price Hikes As US Consumers Brace For Tariff Impact

business