Synopsis : Indian equities turned volatile on Tuesday as profit-booking hit key sectors like realty, IT, and financials. The Sensex dropped over 300 points while the Nifty slipped below 25,900, even as global cues remained mixed and volatility spiked sharply.
Sensex Today | Stock Market LIVE: Volatility Grips D-Street Amid Mixed Global Cues
Indian stock markets witnessed a choppy session on Tuesday, with benchmark indices Sensex and Nifty swinging sharply between gains and losses. Early optimism from easing US-China trade tensions and strong domestic earnings was offset by profit-taking and cautious sentiment among investors.
At mid-session, the BSE Sensex was down over 300 points, while the NSE Nifty 50 slipped below 25,900, retreating from its near-record highs of September 2024.
Sectoral Snapshot: Realty & Finserv Drag, Metals Lend Support
Most sectoral indices traded in the red, led by declines in realty, IT, financial services, and consumer durables, as investors locked in recent gains.
However, selective buying in metal, PSU bank, and media stocks provided some cushion, limiting deeper market losses.
Volatility spiked sharply, with the India VIX rising 6%, signaling increased nervousness among traders ahead of key global and domestic data releases.
Among gainers, metal stocks like Tata Steel and JSW Steel advanced on expectations of higher global demand, while SBI and NTPC lent mild support to the broader market.
MCX Trading Delay Adds to Caution
Adding to the day’s uncertainty, the Multi-Commodity Exchange (MCX) announced three consecutive updates regarding a temporary trading halt.
Operations were finally postponed to 10:30 AM from the initially planned 10:00 AM restart, creating short-term confusion among commodities traders and dampening early market momentum.
Global Market Check
Global cues remained mixed, providing no clear direction for investors.
S&P 500 futures: flat as of 1:06 p.m. Tokyo time
Nikkei 225 (OSE): down 0.2%
Japan’s Topix: down 0.6%
Australia’s ASX 200: down 0.3%
Hong Kong’s Hang Seng: little changed
Shanghai Composite: up 0.2%
Euro Stoxx 50 futures: down 0.2%
Analysts note that Asian markets are moving cautiously as traders await fresh cues from US inflation data and Chinese economic indicators later this week.
Outlook: Near-Term Consolidation Likely
Market experts believe Indian equities are in a consolidation phase, with volatility likely to remain elevated in the short term.
While long-term fundamentals remain strong, profit-taking near record highs and uncertain global conditions could keep the upside capped for now.
Traders are advised to remain selective and focus on defensive and value stocks until broader clarity emerges.
Disclaimer : This article is for informational and educational purposes only. It does not constitute financial or investment advice. Readers should consult certified financial advisors before making investment decisions.
