The stock market ended in the red on Tuesday, marking its tenth consecutive session of losses amidst global trade tensions and foreign selling. The Sensex closed at 72,989.93, down 96.01 points or 0.13%, while the Nifty fell 36.65 points or 0.17% to settle at 22,082.65.
The day started on a weak note following the US announcement of tariffs on imports from China, Canada, and Mexico, which led to retaliatory measures. Additionally, foreign institutional investors continued their selling spree, with outflows reaching close to $13 billion in 2025, further impacting market sentiment.
Top gainers included State Bank of India (SBIN), which surged 3.02% to ₹716.15 driven by strong quarterly results. Zomato gained 2.45% to ₹227.50, while Tata Consultancy Services (TCS) added 1.03% to close at ₹3,532.65. Adani Ports and Power Grid Corporation also registered gains.
On the other hand, Bajaj Finserv was the biggest loser, dropping 2.70% to ₹1,788.60 due to profit-booking. HCL Technologies fell 2.40% to ₹1,535.20, while Nestlé India and Asian Paints also witnessed declines. Bharti Airtel closed 1.13% lower at ₹1,576.65.
Market sentiment was affected by weak global cues and persistent foreign investor selling. Analysts anticipate continued volatility in the upcoming sessions due to economic uncertainties and impending policy announcements.
Published on March 4, 2025.
