The markets ended lower on Tuesday where the Sensex fell 533 points, while the Nifty closed below the 25,900 level, as investors remained cautious amid declines in US and Asian markets.
Markets opened on a weak note and continued to trade under pressure throughout the session, with limited buying interest at lower levels. Selling was seen across sectors such as banking, information technology, metals, realty and oil & gas, reflecting concerns over global growth and risk sentiment.
On the positive side, select stocks managed to attract buying interest. InterGlobe Aviation (IndiGo) emerged as one of the top gainers, supported by stock-specific demand. ITC and Tata Consumer Products also ended higher, with FMCG stocks showing relative resilience as investors turned to defensive names amid market volatility. Gains in these stocks, however, were not enough to offset losses in heavyweight sectors.
Among the major losers, ONGC, Mahindra & Mahindra, Cipla, Eicher Motors and JSW Steel declined sharply, weighing on the indices. Axis Bank and Eternal were also among the prominent laggards on the Nifty, contributing to the broader weakness in financial stocks. IT stocks remained under pressure as investors stayed cautious ahead of global economic signals, while metal shares slipped on weak international demand outlook.
Market breadth remained weak, with declining stocks outnumbering advancing ones on the exchanges. Midcap and smallcap indices underperformed the frontline benchmarks, indicating continued risk aversion among investors.
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