The Indian stock market ended Tuesday’s session on a weak note as headline indices gave up intraday gains and slipped into negative territory. The Sensex closed the day at 80,160.56, down nearly 200 points or 0.25 percent, while the Nifty ended at 24,579.60, lower by 0.18 percent. The Nifty Bank index added to the pressure with a sharper decline of 0.63 percent, closing at 53,661.
The day began with cautious optimism but selling in banking and auto counters pulled the markets down in the latter half of trade. On the brighter side, select power, energy, and sugar stocks managed to shine, lifting investor sentiment in pockets despite the overall weakness.
Power Grid was one of the best performers of the day, surging more than 2 percent and attracting heavy buying interest. NTPC also held firm and advanced close to 1.6 percent, reflecting continued investor confidence in energy names. Among metals, Tata Steel rose over 1 percent while consumer giant Hindustan Unilever gained 1.23 percent. Reliance Industries also ended higher by nearly 1 percent, adding strength to the market’s defensive side.
Banking names, however, faced selling pressure. Kotak Mahindra Bank declined by more than 1 percent and ICICI Bank slipped over 1 percent, contributing heavily to the index weakness. Asian Paints also dragged with a loss of 1.16 percent. The automobile pack mirrored this weakness as Tata Motors fell close to 0.8 percent while Mahindra and Mahindra also ended lower, indicating that the sector continues to struggle with demand-related concerns.
Beyond frontline indices, sugar stocks were the star performers in broader trade. The sector rallied more than 5 percent after renewed optimism on government policy support and higher ethanol production prospects. Tyre companies also enjoyed a strong day with gains exceeding 4 percent, while aquaculture names rose nearly 3.6 percent. Shipping, tea, and coffee counters joined the rally, each ending with healthy gains that highlighted the diverse interest in select mid-cap and sectoral stories.
When looking at business groups, Indiabulls Group stocks surged nearly 7 percent, emerging as the day’s biggest winners. The Anil Ambani Group followed with about 5 percent gains, while Nagarjuna Group and L G Balakrishnan Group ended higher with close to 4.7 percent and 3.7 percent advances respectively. On the weaker side, pressure was visible in Ruchi Group, which slipped almost 2 percent, and Jindal BC Group, which lost around 2.6 percent. The steepest fall came from Adventz Group stocks, which declined more than 4.7 percent, dragging sentiment in that pocket.
Overall, the market reflected a mixed picture with strength in power, energy, sugar, and select manufacturing counters offset by weakness in banks, autos, and a few mid-tier groups. With global cues remaining uncertain and domestic investors keeping an eye on inflation and interest rate outlook, volatility is likely to continue in the coming sessions. Investors are advised to remain cautious and focus on fundamentally strong companies while navigating short term market swings.
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