Sensex ends 210 points lower, Nifty below 24,700; HUL down 2%
The BSE Sensex fell 210.08 points, or 0.27%, to close at 78,428.95, while the NSE Nifty50 declined 159.40 points, or 0.64%, to settle at 24,614.90.
Benchmark indices ended lower, breaking its 4-day rally on Tuesday as the Nifty extended its decline by reversing part of Monday's sharp closing-auction driven rally, while investors remained cautious ahead of the Reserve Bank of India's monetary policy decision.
The BSE Sensex fell 210.08 points, or 0.27%, to close at 78,428.95, while the NSE Nifty50 declined 159.40 points, or 0.64%, to settle at 24,614.90.
The broader Nifty underperformed the Sensex as the benchmark continued to adjust to the new Closing Auction Session (CAS) mechanism introduced for stocks in the futures and options (F&O) segment.
The divergence came a day after the Nifty had witnessed an unusual late-session surge under the new auction framework. Tuesday's decline largely reflected a normalisation of those price moves rather than a deterioration in market fundamentals.
Sectoral trends remained largely weak, with Realty emerging as the biggest loser, falling 2.39%. IT stocks also came under pressure, with the Nifty IT index ending 0.82% lower after its recent sharp rally. FMCG, Financial Services, Auto and Consumer Durables also finished in the red.
However, there were pockets of strength. Nifty Media rose 2.03%, Metal gained 0.91% and Financial Services Ex-Bank advanced 0.47%. Among broader markets, the Nifty Smallcap 100 index managed to rise 0.23%, while the Midcap 100 slipped 0.29%. India VIX climbed nearly 2%, indicating a rise in market volatility.
Among Sensex constituents, Asian Paints climbed 1.31%, Tata Steel gained 1.22%, Kotak Mahindra Bank rose 1.08%, Trent added 0.97% and Bajaj Finance advanced 0.94%. On the losing side, Hindustan Unilever fell 0.71%, Infosys declined 0.44%, Titan slipped 0.31%, Maruti lost 0.19% and TCS edged 0.08% lower.
Crude oil prices moved higher during the session, with Brent crude rising 2.46% to $85.83 a barrel, while WTI crude gained 1.83% to $81.81 per barrel, keeping concerns over global energy prices alive.
Meanwhile, the rupee remained largely stable. The domestic currency ended nearly unchanged at 95.3775 against the US dollar as portfolio inflows, importer dollar demand and caution ahead of the RBI's policy decision balanced each other out.
Investors are now awaiting the outcome of the RBI Monetary Policy Committee meeting later this week, with the central bank widely expected to keep interest rates unchanged. Market participants will closely monitor the RBI's commentary on inflation, liquidity and the growth outlook for cues on the policy trajectory in the months ahead.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Benchmark indices ended lower, breaking its 4-day rally on Tuesday as the Nifty extended its decline by reversing part of Monday's sharp closing-auction driven rally, while investors remained cautious ahead of the Reserve Bank of India's monetary policy decision.
The BSE Sensex fell 210.08 points, or 0.27%, to close at 78,428.95, while the NSE Nifty50 declined 159.40 points, or 0.64%, to settle at 24,614.90.
The broader Nifty underperformed the Sensex as the benchmark continued to adjust to the new Closing Auction Session (CAS) mechanism introduced for stocks in the futures and options (F&O) segment.
The divergence came a day after the Nifty had witnessed an unusual late-session surge under the new auction framework. Tuesday's decline largely reflected a normalisation of those price moves rather than a deterioration in market fundamentals.
Sectoral trends remained largely weak, with Realty emerging as the biggest loser, falling 2.39%. IT stocks also came under pressure, with the Nifty IT index ending 0.82% lower after its recent sharp rally. FMCG, Financial Services, Auto and Consumer Durables also finished in the red.
However, there were pockets of strength. Nifty Media rose 2.03%, Metal gained 0.91% and Financial Services Ex-Bank advanced 0.47%. Among broader markets, the Nifty Smallcap 100 index managed to rise 0.23%, while the Midcap 100 slipped 0.29%. India VIX climbed nearly 2%, indicating a rise in market volatility.
Among Sensex constituents, Asian Paints climbed 1.31%, Tata Steel gained 1.22%, Kotak Mahindra Bank rose 1.08%, Trent added 0.97% and Bajaj Finance advanced 0.94%. On the losing side, Hindustan Unilever fell 0.71%, Infosys declined 0.44%, Titan slipped 0.31%, Maruti lost 0.19% and TCS edged 0.08% lower.
Crude oil prices moved higher during the session, with Brent crude rising 2.46% to $85.83 a barrel, while WTI crude gained 1.83% to $81.81 per barrel, keeping concerns over global energy prices alive.
Meanwhile, the rupee remained largely stable. The domestic currency ended nearly unchanged at 95.3775 against the US dollar as portfolio inflows, importer dollar demand and caution ahead of the RBI's policy decision balanced each other out.
Investors are now awaiting the outcome of the RBI Monetary Policy Committee meeting later this week, with the central bank widely expected to keep interest rates unchanged. Market participants will closely monitor the RBI's commentary on inflation, liquidity and the growth outlook for cues on the policy trajectory in the months ahead.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Benchmark indices ended lower, breaking its 4-day rally on Tuesday as the Nifty extended its decline by reversing part of Monday's sharp closing-auction driven rally, while investors remained cautious ahead of the Reserve Bank of India's monetary policy decision.
The BSE Sensex fell 210.08 points, or 0.27%, to close at 78,428.95, while the NSE Nifty50 declined 159.40 points, or 0.64%, to settle at 24,614.90.
The broader Nifty underperformed the Sensex as the benchmark continued to adjust to the new Closing Auction Session (CAS) mechanism introduced for stocks in the futures and options (F&O) segment.
The divergence came a day after the Nifty had witnessed an unusual late-session surge under the new auction framework. Tuesday's decline largely reflected a normalisation of those price moves rather than a deterioration in market fundamentals.
Sectoral trends remained largely weak, with Realty emerging as the biggest loser, falling 2.39%. IT stocks also came under pressure, with the Nifty IT index ending 0.82% lower after its recent sharp rally. FMCG, Financial Services, Auto and Consumer Durables also finished in the red.
However, there were pockets of strength. Nifty Media rose 2.03%, Metal gained 0.91% and Financial Services Ex-Bank advanced 0.47%. Among broader markets, the Nifty Smallcap 100 index managed to rise 0.23%, while the Midcap 100 slipped 0.29%. India VIX climbed nearly 2%, indicating a rise in market volatility.
Among Sensex constituents, Asian Paints climbed 1.31%, Tata Steel gained 1.22%, Kotak Mahindra Bank rose 1.08%, Trent added 0.97% and Bajaj Finance advanced 0.94%. On the losing side, Hindustan Unilever fell 0.71%, Infosys declined 0.44%, Titan slipped 0.31%, Maruti lost 0.19% and TCS edged 0.08% lower.
Crude oil prices moved higher during the session, with Brent crude rising 2.46% to $85.83 a barrel, while WTI crude gained 1.83% to $81.81 per barrel, keeping concerns over global energy prices alive.
Meanwhile, the rupee remained largely stable. The domestic currency ended nearly unchanged at 95.3775 against the US dollar as portfolio inflows, importer dollar demand and caution ahead of the RBI's policy decision balanced each other out.
Investors are now awaiting the outcome of the RBI Monetary Policy Committee meeting later this week, with the central bank widely expected to keep interest rates unchanged. Market participants will closely monitor the RBI's commentary on inflation, liquidity and the growth outlook for cues on the policy trajectory in the months ahead.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
