staged a partial recovery by early afternoon on Tuesday, trimming steep opening losses as the Sensex traded at 84,789.29, down 313.40 points or 0.37 per cent, while the Nifty stood at 25,861.55, declining 99 points or 0.38 per cent as of 1 pm.
The indices had opened sharply lower at 84,742.87 and 25,754.90 respectively, weighed down by weak global cues and caution ahead of the U.S. Federal Reserve’s policy decision later this week.
Market breadth showed a divergent picture with advances outnumbering declines 2,307 to 1,671 among 4,172 stocks traded on the BSE.
However, sectoral performance remained mixed as Nifty Financial Services fell 0.44 per cent to 27,563.95 and Nifty Bank slipped 0.06 per cent to 59,204.05, while Nifty Midcap 100 edged up 0.03 per cent and Nifty Smallcap 100 gained 0.58 per cent.
Some stocks from the Nifty index traded in positive territory, led by Titan Company, which surged 2.33 per cent to ₹3,854.90, followed by Eveready Industries at 1.24 per cent to ₹288.80, Shriram Finance at 1.16 per cent to ₹843.90, Adani Enterprises at 1.07 per cent to ₹2,240, and Grasim Industries at 0.76 per cent to ₹2,765.
Asian Paints emerged as the biggest loser, plummeting 4.29 per cent to ₹2,802.70, followed by Tech Mahindra down 1.77 per cent at ₹1,563.60, Wipro declining 1.41 per cent to ₹257.69, Max Healthcare falling 1.35 per cent to ₹1,064.80, and Tata Steel dropping 1.30 per cent to ₹161.34.
Market participants remained cautious as the against the dollar amid persistent dollar strength. Fresh concerns emerged from U.S. President Donald Trump’s comments threatening additional tariffs on rice imports from India, adding to the risk-off sentiment.
Technical analysts noted that Nifty’s immediate resistance was placed at 25,950-26,000, while support stood at 25,800. The day’s session saw 54 stocks hitting 52-week highs against 483 stocks touching 52-week lows.
Additionally, 130 stocks hit upper circuit limits while 142 touched lower circuits, reflecting the volatile trading conditions as investors awaited further global cues.