Overview
- Benchmarks ended lower on Tuesday with the Sensex at 83,627.69 (−250.48) and the Nifty at 25,732.30 (−57.95), while Wednesday’s open was muted near 83,520 and 25,700.
- Foreign portfolio investors were net sellers by Rs 1,499.81 crore on Tuesday as domestic institutions bought Rs 1,181.78 crore, extending a multi-session outflow trend.
- President Donald Trump’s 25% tariff on countries doing business with Iran weighed on risk sentiment and raised concerns for India’s trade and strategic links.
- A weak start to Q3 results persisted after TCS reported a 13.91% decline in December-quarter profit, keeping trade stock-specific and pressuring select heavyweights.
- Derivatives positioning showed heavy call writing at 26,000 and put writing near 25,700, reinforcing a near-term Nifty range roughly between 25,500 and 26,000.