Markets end volatile session lower on weakness in realty, FMCG, and financial stocks

The stock market ended a volatile session on Tuesday with losses, as the Nifty 50 closed below the 24,500 mark amid selling pressure in realty, FMCG, and financial counters.

At the close, the Sensex was down 368.49 points, or 0.46%, at 80,235.59, while the Nifty slipped 97.65 points, or 0.40%, to settle at 24,487.40.

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The BSE Midcap index fell 0.2%, while the Smallcap index closed flat. The overall market capitalisation of BSE-listed firms declined to ₹443.3 lakh crore from over ₹444.14 lakh crore in the previous session.

Among sectors, Nifty Pharma, Media, and Auto gained 0.69%, 0.60%, and 0.56%, respectively. Banking and financial services indices bore the brunt of selling, with the Nifty Bank index falling 0.84% and the Private Bank index dropping 0.81%. The PSU Bank index slipped 0.08%, while the Nifty Financial Services index plunged 1.02%.

On the Nifty, top gainers included Tech Mahindra (up 2.03%), Maruti Suzuki India (up 1.98%), and Hero MotoCorp (up 1.79%). In contrast, major laggards were Bajaj Finance (down 2.83%), Trent (down 1.39%), and Hindustan Unilever (down 1.37%). Overall, 33 of the index’s 50 constituents ended in the red.

In the broader market, 114 stocks touched their 52-week highs, including Fortis Healthcare, Nuvoco Vistas Corporation, One 97 Communications, Hitachi Energy India, and Star Cement. Meanwhile, 105 stocks hit 52-week lows, with notable names such as Bata India, Jindal Saw, Praj Industries, and Protean eGov Technologies among them.

Shares of NSDL swung sharply, gaining up to 5% in early trade before ending 2% higher. Bata India fell 4% after posting a lacklustre performance for the June quarter.

Investor sentiment remained cautious ahead of key US inflation data, which is expected to guide the Federal Reserve’s stance on interest rates.

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