Indian benchmark indices ended sharply lower on Tuesday, with the BSE Sensex tumbling 561 points and the Nifty 50 closing below the 24,100 mark, as weak IT stocks and escalating geopolitical tensions dented investor sentiment.
The sell-off was led by technology shares following mixed first-quarter earnings. Tata Elxsi and HCLTech emerged among the biggest losers as investors reacted to earnings-related concerns and cautious management commentary. Selling was also seen in select financial and auto stocks, adding to the market’s losses.
In contrast, defensive sectors attracted buying interest. Sun Pharma and NTPC were among the top gainers, supported by demand for healthcare and power stocks. However, their gains were insufficient to offset broader market weakness.
Investor sentiment remained fragile amid rising tensions in the Middle East, which heightened concerns over crude oil prices and global economic stability. Market participants also stayed cautious ahead of more corporate earnings announcements.
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