Benchmark stock market indices in India experienced a downturn on Tuesday, driven by significant declines in metal and auto stocks. The S&P BSE Sensex fell by 152.93 points, closing at 81,820.12, while the NSE Nifty50 dropped 61.85 points to finish at 25,066.15.
The decline was largely attributed to selling pressure in key sectors, particularly financial services and automobiles. Notable laggards included major players such as Mahindra & Mahindra and Maruti Suzuki, which faced losses amid investor concerns over weak quarterly earnings forecasts and geopolitical tensions.
Despite the overall negative sentiment, some sectors managed to perform well. The Bank Nifty and IT indices showed resilience, gaining over 1%, reflecting a mixed performance across the market. Analysts suggest that ongoing foreign investor sell-offs and rising global uncertainties are contributing factors to the current volatility in Indian markets
