Breaking their two-day winning streak, Indian stock market benchmarks suffered significant losses on Tuesday owing to weak global cues. While the Sensex settled 625 points, or 0.76 per cent, lower at 81,551.63, Nifty 50 ended 175 points, or 0.70 per cent, down at 24,826.20.
Investors lost nearly one lakh rupees in the span of a day as overall market capitalisation of firms listed on the BSE dropped to nearly ₹444 lakh crore from nearly ₹445 lakh crore in the previous session.
Mid- and small-caps, however, performed well; BSE Midcap and Smallcap indices rising 0.18 per cent and 0.19 per cent respectively.
Only 10 stocks managed to gain as the session closed, including Jio Financial Services, IndusInd Bank, and Trent. On the other hand, UltraTech Cement, JSW Steel, and ITC were among the losers.
The reasons attributed for the crash in markets include weak global cues, no positive news in terms of global trade talks, and dwindling foreign capital inflow. The outperformance of the mid and small-cap segments could be attributed to the retail money amid expectations of earnings revival from Q1FY26.
Research analysts said investors opted for profit booking because of valuation concerns and weakness across Asian markets, leading to volatility in the domestic markets.
“The benchmark index once again failed to decisively breach the 25,000 resistance level, reflecting the absence of positive triggers. Large-cap stocks underperformed, weighed down by subdued FII participation and lacklustre earnings from blue-chip companies. Conversely, mid- and small-cap segments remained relatively resilient, supported by better-than-estimated Q4 earnings and moderation in premium valuation,” said Vinod Nair, Head of Research, Geojit Investments Limited.
Follow us
