The Indian stock market opened strong on Tuesday but failed to sustain the momentum, closing in the negative territory. The Nifty 50 slipped by about 45 points to settle near 24,580, while the Sensex lost over 200 points, finishing around the 80,158 mark.
🔑 Key Factors Behind the Decline
- Profit Booking: Early gains were cut short as investors booked profits in the second half of the session.
- Global Uncertainty: Weak cues from international markets and tariff-related concerns dampened overall sentiment.
- Caution Ahead of GST Council Meeting: With the weekly derivatives expiry and a key policy review approaching, traders preferred to stay cautious.
📌 Sector & Stock Highlights
- Positive Performers: Mid-cap and Small-cap indices managed to stay in the green, rising between 0.3% and 0.6%. Stocks such as Reliance Industries, NTPC, Power Grid, and Nestlé India provided support to the benchmarks.
- Lagging Sectors: Banking and financial shares were the biggest drags, with ICICI Bank, HDFC Bank, Mahindra & Mahindra, and Kotak Mahindra Bank posting notable declines.
- Defensive Plays: Segments like media, metals, and real estate managed to hold firm, offering some cushion against broader losses.
