Overview
- The Sensex fell 0.29% to 83,382.71 and the Nifty slipped 0.26% to 25,665.60, logging a second straight day of declines.
- Foreign institutional investors sold Rs 1,499.81 crore on Tuesday as domestic institutions bought Rs 1,181.78 crore, exchange data showed.
- IT, consumer and select banking shares led the weakness, with Tata Consultancy Services, Asian Paints, Maruti, HDFC Bank and ICICI Bank among the top drags.
- Traders highlighted 25,600–25,650 on the Nifty as a key support zone, with resistance building near 25,800–25,900 after repeated rejections at higher levels.
- Risk appetite was dented by President Donald Trump’s 25% tariff move targeting countries trading with Iran, firmer crude around $65 a barrel, and a soft start to Q3 results including TCS’s profit drop on a one-time item.