Synopsis : Indian stock markets traded lower on Tuesday with Sensex falling over 350 points and Nifty testing the 25,100 mark. Auto stocks outperformed, while Adani group shares and pharma counters dragged indices down.
Indian equities slipped on Tuesday as profit booking hit frontline indices. At 11:21 AM, the BSE Sensex was down 368 points at 81,791.5, while the NSE Nifty50 slipped 105 points to 25,096, tracking weakness across most sectors.
Auto stocks emerged as the bright spot, with Maruti, M&M, and Eicher Motors among the top gainers on both exchanges. Hyundai also surged 5% in broader trade, highlighting strong investor sentiment in the auto pack.
On the other hand, Adani Power fell 4%, with Adani Ports and Sun Pharma also weighing heavily on the indices. UltraTech Cement joined the list of laggards, adding to sectoral pressure.
In the broader markets, Nifty SmallCap 100 rose 0.13% and Nifty MidCap 100 added 0.18%, outperforming the benchmarks. Sectorally, Nifty Auto surged 1.4%, followed by IT with modest gains of 0.18%. However, all other indices, including banks, FMCG, and pharma, traded in the red.
Market experts suggest that auto strength is being supported by robust demand trends and festive season expectations, while weakness in metals, cement, and select large-cap counters reflects cautious investor sentiment ahead of global economic updates.
Disclaimer : This article is for informational purposes only and should not be considered financial advice. Investors are advised to consult certified professionals before making investment decisions.
Would you like me to also add a quick highlights section (Sensex, Nifty, Top Gainers, Top Losers, Sectoral trend) in a box-style format for readers who prefer a snapshot view?
