Equity markets ended in the red on Tuesday, marking their tenth consecutive session of losses, as concerns over global trade tensions and foreign selling continued to drag down sentiment. The Sensex closed at 72,989.93, down 96.01 points or 0.13 per cent, while the Nifty fell 36.65 points or 0.17 per cent to settle at 22,082.65.
The day started on a weak note with escalating trade tensions after the US imposed tariffs on imports from China, Canada, and Mexico, leading to retaliatory measures. Additionally, the consistent selling by foreign institutional investors (FIIs), with outflows nearing $13 billion in 2025, further weighed on the market sentiment.
Despite the negative headlines, the market saw a slight recovery as it hovered around the crucial support level of 22,000, attracting buyers.
Broader market indices had a mixed performance, with Nifty Next 50 gaining 0.56 per cent, Nifty Midcap Select falling 0.30 per cent, Nifty Bank rising 0.27 per cent, and Nifty Financial Services adding 0.33 per cent.
Among individual stocks, State Bank of India was the top gainer, rising 3.03 per cent, followed by Bharat Petroleum Corp and Bharat Electronics. On the other hand, Bajaj Auto and Hero MotoCorp were among the top losers of the day.
The market breadth showed 2,221 stocks advancing, 1,737 declining, and 128 remaining unchanged on the BSE, with some stocks hitting new 52-week highs and lows.
In terms of global cues and technical outlook, analysts noted that sectors exposed to global trade like auto, IT, and pharma underperformed, while banking and metals stocks showed resilience.
The rupee appreciated slightly against the dollar, while gold prices remained firm due to safe-haven demand amid tariff tensions.
Looking ahead, the market is trading near key support levels, and investors are advised to stay selective and cautious amidst global trade concerns and technical levels in focus.
