Indian benchmark indices ended lower on Tuesday after a volatile trading session, with selling in information technology stocks wiping out early gains. The BSE Sensex closed about 250 points lower, while the NSE Nifty slipped below the 23,900 mark as investors booked profits and turned cautious over global cues.
The market began the day on a positive note, with the Sensex rising more than 200 points and the Nifty climbing above 24,000. However, the optimism faded as selling intensified in IT stocks during the second half of the session, pulling both indices into negative territory.
Among the top gainers, Maruti Suzuki emerged as one of the best performers after rising nearly 3%. Sun Pharma, ICICI Bank and Mahindra & Mahindra also ended with gains, supported by buying in auto, banking and pharmaceutical stocks.
On the other hand, IT heavyweights Infosys, TCS and Wipro were among the biggest losers, dragging the broader market lower. Persistent concerns over global technology spending and uncertainty around the US interest-rate outlook continued to weigh on investor sentiment towards the sector.
Despite the decline in benchmark indices, buying interest was seen in select large-cap stocks, limiting the overall losses. Market experts believe investors are increasingly focusing on company-specific opportunities rather than making broad market bets.
Going ahead, market participants will closely track global developments, crude oil prices, movements in the US dollar and FII flows for fresh direction. Analysts expect volatility to persist in the near term, with sector-specific movements likely to drive trading until stronger domestic or global triggers emerge.
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