
Indian equity markets ended the trading session on a muted note on Tuesday. The Sensex slipped by 20.46 points to close at 84,675.08, while the Nifty edged lower by 3.25 points to finish at 25,938.85. Banking stocks provided some support to the markets, with the Nifty Bank index gaining 0.41% to close at 59,171.25. Auto, PSU banks, and metal stocks also witnessed buying interest. In contrast, IT, pharma, FMCG, realty, media, and energy sectors ended in the red.
Midcap and Smallcap Performance:
Midcap and smallcap segments saw marginal declines. The Nifty Midcap 100 index fell 0.15% (87.05 points) to 59,914.25, while the Nifty Smallcap 100 index lost 0.28% (48.75 points) to close at 17,518.95.
Sector Movers:
Among Sensex constituents, Tata Steel, M&M, Bajaj Finserv, Axis Bank, Bharti Airtel, SBI, L&T, Maruti Suzuki, Adani Ports, and Sun Pharma were gainers. Meanwhile, Zomato, Indigo, Infosys, Asian Paints, UltraTech Cement, Bajaj Finance, HCL Tech, ITC, Titan, and Trent ended in the red.
Market Outlook:
Experts attribute the market’s cautious stance to continued domestic volatility. Despite positive global cues, buying remained concentrated in select sectors. Persistent selling by foreign institutional investors (FIIs) is weighing on the market. Analysts suggest that the market may continue trading within a limited range, influenced by delayed India-US trade talks and upcoming Q3 corporate results.
Stocks Showing Buying Momentum:
Investors are showing strong interest in Hindustan Copper, Asahi India Glass, IOB, NALCO, Honasa Consumer, SAIL, and SKF India. Over 100 stocks crossed their 52-week highs, signaling potential upside in these scrips.
Stocks Showing Weakness:
Conversely, stocks such as Lloyds Metals, Caplin Point, Coromandel International, Intellect Design, PTC Industries, Reliance Power, and Godfrey Phillips are showing bearish trends, indicating that a downtrend may be underway.
Disclaimer: The stock recommendations provided in this report are based on individual analysts’ or brokerage firms’ assessments and do not reflect the views of Navbharat Times. Investors are advised to consult certified financial experts before making any investment decisions, as market conditions can change rapidly.
Discover more from SD NEWS agency
Subscribe to get the latest posts sent to your email.
