Indian stock markets ended a volatile session on Tuesday, with benchmark indices closing in the red amid mixed global cues, currency pressure, and cautious investor sentiment.
The Sensex slipped around 114 points to close near 75,201, while the Nifty 50 fell about 32 points to end below the 23,650 mark, according to market data. The session saw sharp intraday swings, with early stability giving way to selling pressure in key sectors.
Weakness in banking and select heavyweights dragged the indices lower, even as gains in select IT and auto stocks helped limit losses. Broader markets showed relatively mixed performance, with stock-specific action dominating trade.
Among the top gainers, Infosys, Tech Mahindra, Tata Motors, HCL Technologies and Eternal saw strong buying interest, supported by optimism in IT and selective auto demand.
On the other hand, Kotak Mahindra Bank, UltraTech Cement, Titan, and other financial and consumption-linked stocks were among the major laggards, weighing on overall sentiment.
Market participants said sentiment remained cautious due to global uncertainties, including fluctuating crude oil prices, geopolitical tensions, and continued pressure on the Indian rupee, which recently hit record lows against the US dollar. These factors kept investors on edge and limited strong directional momentum.
The market is currently in a consolidation phase, with traders reacting more to global triggers than domestic cues. As a result, sector rotation and stock-specific moves dominated the trading session rather than a broad-based rally or decline.
Despite the weakness in benchmarks, volatility indicators eased slightly, suggesting that extreme fear levels were not present. However, the lack of strong domestic triggers continues to keep markets range-bound.
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