Stock Market Highlights: Indian equities ended sharply lower on Tuesday, with the Sensex tumbling nearly 900 points and the Nifty slipping below 23,830. A sell-off in metal, banking and IT stocks, coupled with weak market breadth, dragged benchmarks towards the day’s low.
Sensex Today | Stock Market Highlights: Indian equities witnessed broad-based selling pressure on Tuesday, ending near the day’s low as weakness across metals, banks and information technology stocks weighed heavily on sentiment. The Sensex fell 893 points to close at 76,201, while the Nifty shed 279 points to settle at 23,824, slipping below the crucial 23,850 mark.
The sell-off was widespread, with 41 Nifty constituents ending in the red and market breadth firmly favouring declines. Metal stocks bore the brunt of the correction, while banking shares also remained under pressure. The Nifty Bank index dropped 752 points to 57,184, and the Midcap index declined 659 points to 62,070.
Amid the weakness, pharma stocks bucked the trend, helping limit the downside for the broader market. Investors also tracked a large block deal in Vedanta, while stock-specific action continued in names such as Meesho, Ola Electric and Cipla.