New Delhi: Domestic equity markets witnessed a sharp decline on Tuesday, following global cues and rising international tensions. Both major indices closed lower, with the BSE Sensex dropping 1,065.71 points to settle at 82,180.47, while the NSE Nifty 50 fell 353 points to close at 25,232.50.
The slump was driven by weak global markets, a continuing depreciation of the Indian rupee against the US dollar, and sustained foreign investor selling. During intraday trading, the Sensex hit a low of 82,010.58, down 1,235.6 points from its previous peak. This marked the second consecutive day of losses for domestic markets, following Monday’s decline of 324.17 points in the Sensex and 108.85 points in the Nifty.
Among Sensex constituents, Eternal saw the steepest fall of 4.02%, followed by Bajaj Finance, which dropped 3.88%. Other laggards included Sun Pharma, InterGlobe Aviation (IndiGo), Trent, Asian Paints, Mahindra & Mahindra, and Bajaj Finserv. HDFC Bank was the only Sensex stock to close with gains.
Stocks Showing Buying Interest
Strong buying momentum was observed in Deepak Nitrite, Jindal Saw, Hindustan Zinc, JK Cement, Sun TV, Dalmia Bharat, and Krishna Institute of Medical Sciences. These shares have surpassed their 52-week highs, signaling potential upward momentum.
Stocks Showing Weakness
The MACD (Moving Average Convergence Divergence) indicator has signaled bearish trends in Wipro, RBL Bank, IDBI Bank, MRPL, HBL Power, Reliance Infrastructure, and Jubilant Pharmova, suggesting that these shares may be entering a period of decline.
Disclaimer: The stock suggestions mentioned are based on analysis by individual experts or brokerage firms and do not reflect the views of Navbharat Times. Investors are advised to consult certified financial advisors before making any investment decisions, as market conditions can change rapidly.
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