Synopsis : Indian stock markets opened weak on Tuesday with the Sensex dropping nearly 400 points amid broad-based selling across key sectors. The Nifty managed to hold 25,450, even as investors stayed cautious ahead of macro updates and the ongoing US–India trade negotiations.
Stock Market LIVE : Sensex Down 300 Points, Nifty Steady Above 25,450 as Financials Drag
Indian equity benchmarks started the day on a sluggish note, weighed down by profit booking and mixed earnings reactions from Q2FY26 results. The BSE Sensex slipped 395 points or 0.47% to 83,140, while the Nifty 50 lost 111 points or 0.43% to trade at 25,464.
The market tone turned defensive, with investors responding to both domestic corporate cues and international trade updates.
Trump Comments Stir Trade Sentiment
Global sentiment remained in focus after U.S. President Donald Trump announced that his administration is working on “a very different deal with India”, suggesting a shift from previous trade terms. His remark — “They don’t love me, but they will love us again” — added to market speculation about possible policy adjustments impacting trade flows and corporate earnings.
Top Losers and Gainers
The session saw Bajaj Finance leading the losses, tanking 7%, followed by declines in Bajaj Finserv, Tata Motors PV, Power Grid, Tata Steel, Kotak Mahindra Bank, SBI, Asian Paints, NTPC, and Tech Mahindra.
On the brighter side, Mahindra & Mahindra (up 1%), BEL, TCS, HCL Tech, Trent, Infosys, and ICICI Bank held firm, lending partial support to the otherwise weak sentiment.
Sectoral & Broader Market Overview
Sectorally, the market breadth leaned negative with all indices except Nifty IT trading lower.
The Nifty Financial Services and PSU Bank indices were the worst performers, each slipping 1%, followed by Nifty Realty, which declined 0.5%.
The Nifty MidCap index dropped 0.31%, while Nifty SmallCap slipped 0.27%, indicating broad-based profit booking. The India VIX, a measure of market volatility, rose 5%, signaling investor caution.
IPO Buzz: New Issues Open for Subscription
The IPO market continued to see strong activity. In the mainline segment, PhysicsWallah and Emmvee Photovoltaic opened for public subscription. Meanwhile, in the SME space, Workmates Core2Cloud Solution and Mahamaya Lifesciences IPOs went live for bidding, attracting investor attention amid volatile equity trends.
Market Outlook
Analysts expect the short-term volatility to persist as investors weigh Q2 earnings, trade developments, and global inflation signals. While IT and select auto stocks may provide some cushion, the financial sector’s underperformance could keep market sentiment subdued in the near term.
Disclaimer : This article is intended for informational and educational purposes only. It does not constitute investment or financial advice. Readers should consult a qualified financial advisor before making any trading or investment decisions.
