Stock Markets End In Red, Sensex Tests 84,750, Nifty Nearly Flat
The benchmark indices opened marginally higher in the morning with the Sensex opening trade over 84,800, rising 33 points and the Nifty ringing the bell at over 25,900, climbing more than 20 points.
Indian markets witnessed a sharp decline on Tuesday as the Sensex closed nearly 69 points lower at 84,710.08 and the Nifty ended lower by over 3 points, at 25,962.95.
The top gainers on the 30-share BSE Sensex had stocks like Tata Steel, L&T, State Bank of India, Kotak Bank and Bharti Airtel. Meanwhile, the laggards were stocks such as Titan, Sun Pharmaceuticals, Adani Ports, Infosys and Bharat Electronics.
In the broader markets, the Nifty 100 fell by 0.18 per cent while the Nifty Microcap 250 gained by 0.23 per cent. Sectorally, the Nifty Midsmall IT index tumbled 0.91 per cent and the Nifty Metal index jumped 1.23 per cent.
Notably, the benchmark indices opened marginally higher in the morning with the Sensex opening trade over 84,800, rising 33 points and the Nifty ringing the bell at over 25,900, climbing more than 20 points.
US-China Trade Tensions
Indian markets witnessed a sharp decline on Tuesday afternoon as the Sensex ended nearly 300 points below at over 84,400 and the Nifty closed over 60 points lower at more than 25,900.
The broader sentiment for domestic equities remains cautiously optimistic, supported by stronger-than-expected Q2 earnings and steady domestic institutional inflows that continue to underpin market momentum.
Earlier, markets had witnessed a broad-based recovery, buoyed by progress in US–China trade negotiations and softer-than-expected US CPI data, which renewed hopes of a Federal Reserve rate cut this week and lifted investor confidence.
However, lingering uncertainty surrounding the India–US trade deal has capped gains, leading to intermittent profit-booking at higher levels as investors balance short-term risks against resilient underlying fundamentals.
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