The benchmark Sensex took a sharp hit by 872.98 points, or 1.06%, to close at 81,186.44 on Tuesday. It swung between a high of 82,250.42 and a low of 81,153.70. Meanwhile, the Nifty 50 dropped 261.55 points, or 1.05%, to settle at 24,683.90.
The fall is being attributed by trade analysts to broad-based selling, weak global cues, and continued Foreign Institutional Investor (FII) overflows.
Only three stocks managed to show gains - Tata Steel climbed 0.73%, Infosys edged up 0.08%, and ITC gained a modest 0.07%. Among the losers was Eternal (formerly Zomato), Maruti Suzuki, and Nestle India.
The Nifty Midcap 100 index declined 1.62%, while the Nifty Smallcap 100 slipped 0.94%. All sectoral indices ended lower, with the auto sector bearing the brunt—Nifty Auto dropped 2.17%, making it the worst-performing sector of the day.
Market volatility also edged higher, with the India VIX—often referred to as the fear index—rising 0.12% to 17.39, signaling growing nervousness among investors.
As investors await further clarity on trade talks, heightened volatility is likely to persist, although markets may remain range-bound in the short term.
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