staged a partial recovery during midday trading on Tuesday, with the climbing to 82,154.53, down just 5.44 points or 0.01 per cent from the previous close of 82,159.97, after opening lower at 82,147.37. The traded at 25,186.20, declining 16.15 points or 0.06 per cent from Monday’s close of 25,202.35.
The marginal recovery marked a significant improvement from the morning session, when both indices had opened with deeper losses of 0.19 per cent and 0.24 per cent respectively, driven by sustained foreign institutional investor outflows of ₹2,910 crore and pre-expiry volatility concerns.
Auto and banking stocks led the midday gains, with Maruti Suzuki emerging as the top Nifty performer, rising 1.79 per cent to ₹16,099 from its previous close of ₹15,816. Bajaj Finance gained 1.65 per cent to ₹1,023.10, while IndusInd Bank added 1.64 per cent to ₹746.35. Eicher Motors advanced 1.53 per cent to ₹7,052.50, and Adani Enterprises climbed 1.44 per cent to ₹2,667.40.
Consumer and cement stocks remained under pressure, with Nestle India leading the decliners, falling 1.83 per cent to ₹1,166.60. UltraTech Cement dropped 1.73 per cent to ₹12,431, HDFC Life Insurance declined 1.59 per cent to ₹775.30, Trent slipped 1.53 per cent to ₹4,934, and Tech Mahindra fell 1.42 per cent to ₹1,484.
Sectoral indices showed mixed performance during the midday session. The Nifty Bank index gained 0.42 per cent to 55,531.55, while Nifty Financial Services advanced 0.24 per cent to 26,599.50. However, broader markets remained weak, with the Nifty Next 50 declining 0.41 per cent to 69,677.65 and Nifty Midcap 100 falling 0.31 per cent to 58,519.40.
Market breadth on the BSE reflected the cautious sentiment, with 2,242 stocks declining against 1,730 advancing issues among 4,167 traded securities. A total of 141 stocks hit 52-week highs while 60 touched 52-week lows. Additionally, 186 stocks were locked in upper circuit limits compared to 140 in lower circuits.
The recovery comes amid ongoing concerns over US-India trade relations following reports of proposed H-1B visa fee increases, which had particularly impacted IT stocks in morning trade. Domestic institutional investor inflows of ₹2,582 crore provided some support to offset foreign selling pressure, though analysts maintained their cautious outlook for near-term consolidation.