By Vineet Kumar 
Indian stock markets closed lower on Tuesday, erasing some of the previous session’s gains, as selling pressure gripped most sectors except the auto pack. The Nifty 50 ended below 24,700, while the Sensex lost over 300 points, dragged by IT, banking, and oil & gas stocks.
At the closing bell, the Sensex slipped 308.47 points, or 0.38%, to 80,710.25, and the Nifty 50 fell 73.20 points, or 0.30%, to 24,649.55.
Key Market Highlights
Top Nifty Losers: Infosys, Adani Enterprises, Adani Ports, Reliance Industries, ICICI Bank
Top Nifty Gainers: Titan Company, Maruti Suzuki, SBI Life, Trent, IndusInd Bank
Sector Performance:
Auto index gained 0.4%
Banking, IT, FMCG, Pharma, and Oil & Gas declined around 0.5% each
BSE Midcap and Smallcap indices ended with marginal losses
Auto stocks outperformed, helping the indices recover part of the intraday fall, as Nifty briefly slipped below 24,600 after weak global cues and concerns around US trade tariffs.
Stock-Specific Action
Marico dropped 1.5% after its Q1 earnings.
IndusInd Bank gained after RBI approved Rajiv Anand as the new CEO.
Paytm fell 2% after 1.86 crore shares changed hands in a block deal.
Bosch hit a 52-week high as Q1 profit surged 140%.
Triveni Turbine slipped 8% on weak earnings.
Godfrey Phillips India jumped 10% as Q1 profit rose 55%.
Over 120 BSE stocks hit 52-week highs, including Godfrey Phillips, TVS Motor, JK Cement, Nuvoco Vistas, Aditya Birla Capital, Fortis Healthcare, and Bosch.
Expert Views & Market Outlook
Rupak De, Senior Technical Analyst at LKP Securities, said:
> “Nifty traded with a negative bias throughout the day and remained below its 50-EMA. The index is likely to move within the 24,400–24,850 range in the near term, and only a breakout beyond this band may determine the next trend.”
Ajit Mishra, SVP – Research at Religare Broking, added:
> “Markets reversed Monday’s gains amid global uncertainty and lackluster earnings. Most sectors ended in the red, with pharma, FMCG, and realty under pressure. All eyes are now on the RBI MPC meeting, where a status quo on rates is expected, but the tone of commentary will drive market sentiment.”
Investors are advised to stay selective and focus on fundamentally strong stocks showing relative strength, as the broader market remains in a corrective phase.