Sensex, Nifty Fall As Markets See Second Day Of Losses
Indian stock markets ended lower on Tuesday. The Sensex fell by 436 points to close at 84,666, while the Nifty dropped 121 points to settle at 25,839. The decline marked the second straight day of losses for both benchmark indices.
Mid-cap and small-cap gain
Despite the fall in headline indices, broader markets performed better. The mid-cap index gained around 0.6% and small-cap shares rose by more than 1%. Analysts said investors continued to pick select value stocks even as overall mood remained cautious.
Global and local factors at play
Weak sentiment in global markets, foreign fund outflows and worries ahead of the upcoming US Federal Reserve policy decision were key reasons for the decline. A weaker rupee and volatility ahead of monthly expiry also weighed on trader confidence. IT and auto stocks were among the top losers during the session.
Partial recovery by closing
Some buying emerged in the last hour of trade, helping indices recover from day’s lows. Traders said the bounce was mainly due to bargain-hunting and did not signal a clear trend reversal. Market watchers expect trading to remain volatile until global cues offer more clarity.
