Markets extended morning losses into the afternoon session on Tuesday, with benchmark indices trading under pressure amid continued foreign fund outflows and global trade concerns. The Nifty 50 was trading at 25,433.85, down 151.65 points or 0.59 per cent from its previous close of 25,585.50, while the Sensex declined 399.97 points or 0.48 per cent to 82,846.21 against Monday’s close of 83,246.18.
Market breadth remained weak with 3,057 stocks declining against 952 advances on the BSE, where 4,185 stocks were traded. As many as 503 stocks hit 52-week lows compared to just 59 touching 52-week highs, while 194 stocks hit lower circuit limits and 118 touched upper circuit.
The broader market witnessed steeper declines, with the Nifty Midcap 100 index falling 983.85 points or 1.65 per cent to 58,658.75 and the Nifty Smallcap 100 dropping 335.20 points or 1.95 per cent to 16,855.00. The Nifty Next 50 slumped 918.90 points or 1.34 per cent to 67,775.00.
Among sectoral indices, the Nifty Financial Services declined 107.90 points or 0.39 per cent to 27,411.05, while the Nifty Bank shed 186.20 points or 0.31 per cent to 59,701.40.
On the Nifty 50, Dr Reddy’s Laboratories led the gainers, rising 1.45 per cent to ₹1,184.10. Kotak Mahindra Bank advanced 0.56 per cent to ₹429.30, followed by Hindustan Unilever, up 0.53 per cent at ₹2,426.60. ICICI Bank gained 0.50 per cent to ₹1,387.50, while HDFC Bank added 0.46 per cent to ₹932.15.
On the losing side, Eicher Motors tumbled 3.47 per cent to ₹271.60, emerging as the worst performer. Bajaj Finance declined 2.74 per cent to ₹942.90, while Wipro fell 2.52 per cent to ₹239.75. Coal India dropped 2.49 per cent to ₹419.45, and Tech Mahindra lost 2.22 per cent to ₹1,680.10.
Trading volumes remained elevated, with HDFC Bank recording the highest value turnover of ₹1,64,594.70 lakh. Persistent concerns over potential US tariffs on Europe and the ongoing Greenland-related geopolitical tensions continued to weigh on investor sentiment, while market participants awaited clarity on the US Supreme Court ruling on tariff issues.