The Indian stock market faced a decline on Tuesday, with both major indices closing lower. The Bombay Stock Exchange’s (BSE) Sensex dropped by 376.28 points, closing at 85,063.34 points, while the National Stock Exchange’s (NSE) Nifty fell by 71.60 points, settling at 26,178.70 points. This drop came amid growing concerns over global tensions and the possibility of increased US tariffs, which prompted heavy selling in blue-chip stocks like Reliance Industries and HDFC Bank.
Despite the strong performance of Asian markets, investor sentiment in India was cautious due to the renewed warnings from US President Donald Trump regarding tariff hikes. At one point, the Sensex had fallen as much as 539.52 points, touching a low of 84,900.10 points during the trading session.
Among the stocks under BSE’s Sensex, shares of Tata Group’s Trent saw a steep decline of 8.62% as the company failed to impress investors with its revenue growth figures for the December quarter. Similarly, shares of Reliance Industries dropped by 4.42%, while other stocks like ITC, Kotak Mahindra Bank, InterGlobe Aviation, and HDFC Bank also ended in the red. However, shares of ICICI Bank, Sun Pharma, Hindustan Unilever, and State Bank of India showed gains during the session.
Stocks to Buy Today:
Among the stocks showing strong buying signals, the following have surpassed their 52-week highs, suggesting potential for further growth:
- Indian Energy Exchange
- Crisil
- NALCO
- NAVA
- Divi’s Laboratories
- Ipca Labs
- Apollo Hospitals
These stocks have shown robust buying activity, indicating potential opportunities for investors looking for gains.
Stocks to Avoid:
On the other hand, technical indicators like the Moving Average Convergence Divergence (MACD) have shown signs of bearish trends in the following stocks:
- Trent
- Kaynes Technology
- Swiggy
- Saregama India
- Reliance Industries (RIL)
- Cummins India
- Mahanagar Gas
These stocks are expected to face a downward trend, and investors should exercise caution while considering them.
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