The BSE Sensex and NSE Nifty closed with mixed results on Tuesday, with the former ending slightly lower and the latter edging up in late trade. Despite global market weakness and foreign fund outflows, selective buying helped Nifty recover losses.
The BSE Sensex closed down 12.85 points (-0.02%) at 74,102.32, while the NSE Nifty ended 37.60 points higher (+0.17%) at 22,497.90 after bouncing back from an intraday low.
Top gainers of the day included Sun Pharmaceutical Industries Ltd, which rose 2.62% to ₹1,653.30, and ICICI Bank, which gained 2.49% to ₹1,244.80. Bharti Airtel, HCL Technologies, and Maruti Suzuki also made it to the top five gainers list.
On the other hand, IndusInd Bank faced the biggest decline, dropping 27.17% to ₹655.95 due to regulatory scrutiny concerns. Infosys fell 2.48% to ₹1,660.60, while Bajaj Finserv, Mahindra & Mahindra, and Zomato also ended the day in the red.
Commenting on the market outlook, Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, mentioned that the markets ended on a mixed note amid choppy trading. While banking and pharma stocks showed resilience, IT and auto stocks had mixed trends. Investors are closely monitoring global developments and central bank policies as they remain cautious due to volatile global economic conditions and foreign fund outflows.
