Mumbai: The Indian equity benchmark was under enormous sales pressure on Tuesday, a report on increased cases in Southeast Asian countries such as Singapore and Hong Kong, and tips for global weakness. The third consecutive session fell, down 261 points (1.05%) to 24,683, while BSE Sensex fell 873 points (1.06%) to 81,186.
Market sentiment remains negative, with 42 of 42 of the 50 beautiful ingredients due to higher-level intraday profit bookings. The NSE forward ratio is 1:2, reflecting warnings from a wide range of investors across the sector. Nifty Banking, Financial Services, Pharmaceuticals and FMCG fell 1-1.5%, while Nifty Auto fell 2.2%. In the broader market, the Nifty MidCAP100 lost 1.6%, while the Nifty SmallCAP100 fell 0.94%.
The company’s BSE listed company’s market value slipped to Rs 43,822 crore on Monday, while the market value on Monday was Rs 44,367 crore. This has resulted in the current meeting losing Rs 5.47 crore in investor wealth. The indexes have fallen at their third consecutive session on Tuesday.
The Indian Rupee snatched a two-day winning streak, falling to $24 with a rate of 85.63 against the dollar. This depreciation stems from decline in stock markets and outflows of foreign funds.
Devarsh Vakil, principal research director at HDFC Securities, said: “Investors monitored the ongoing India-US-US-US trade discussions, increasing market pressure. The sell-off of Japanese bonds increased borrowing costs, leading to appetite damage to global market uncertainty and attenuating risks. Technically, Nifty rose in the 5-day nifty nifty nifty nifty profitity tim 4, which is April 4, which is April 4, which is April 4, which is May 4, 2025, which is May 4, 2025, which is May 4, 2025, and 24,378, while there is resistance in the 24,800-24,900 range.”
Foreign institutional investors (FIIS) became cautious, selling shares worth Rs 52.6 billion on Monday, while domestic institutional investors (DIIS) also net sellers for Rs 23.8 billion. This marks the first instance of simultaneous shares of FII and DIIS. Y-year-old, FII has net sellers of Rs 109 crore in Indian stock, while DIIS has purchased Rs 23 crore in net sellers, indicating a narrower cushion from household traffic.
“We believe that the correction wave may continue as long as the market transactions are below 24850/81700. In a downward market, the 24550-24500/80800-80500 24550/80800-80500 will be retested on the 24550-24500/80800-80500. 25100/82500 will brighten.”
