The stock market ended in the red on Tuesday as profit booking in the fag end of the session, coupled with weak global cues, weighed on investor sentiment.
At the close, the Sensex settled at 80,157.88, down 207 points or 0.26%, while the Nifty 50 ended 45 points lower, or 0.18%, at 24,579.60.
The broader markets outperformed, with the BSE Midcap index gaining 0.27% and the Smallcap index rising 0.64%. The overall market capitalisation of BSE-listed firms increased to nearly ₹450 lakh crore from about ₹449 lakh crore in the previous session.
Among sectors, Nifty FMCG gained 1.12%, Media rose 0.98%, Metal was up 0.85%, Realty climbed 0.72%, and Oil & Gas added 0.62%.
In contrast, the banking and financial services indices were the biggest losers, with Nifty Bank down 0.63% and the Financial Services index slipping 0.66%. The Nifty Private Bank index declined 0.70%, while the PSU Bank index managed a gain of 0.28%.
On the Nifty, around 26 stocks advanced. Tata Consumer rose 2.77%, Nestle India gained 2.22%, and Power Grid Corporation added 2.20%, emerging as the top gainers. Among the top losers were Dr. Reddy’s Laboratories, down 2.34%, Mahindra & Mahindra, down 2.33%, and ICICI Bank, down 1.42%.
In the broader market action, 124 stocks hit their 52-week highs, while 64 stocks touched their 52-week lows. Notable gainers included Bosch Ltd, Eicher Motors Ltd, HBL Power Systems Ltd, Maharashtra Scooters Ltd, MRF Ltd, Star Cement Ltd, TVS Motor Company Ltd, and UNO Minda Ltd.
Among those hitting lows were Deepak Nitrite Ltd, Five-Star Business Finance Ltd, Praveg Ltd, Sprayking Ltd, Vikas EcoTech Ltd, Vishal Bearings Ltd, and Vishnu Prakash R Punglia Ltd.
Globally, Wall Street futures traded in the red, with the Dow down 200 points, while the Nasdaq and S&P 500 were lower by 0.64% and 0.5%, respectively. Markets are factoring in expectations of a potential interest rate cut by the US Federal Reserve later this month.