Indian equity benchmarks extended losses for a second straight session on Tuesday as weak global cues and caution ahead of the US Federal Reserve’s policy announcement weighed on sentiment. The Sensex closed 436 points, or 0.51 percent, lower at 84,666.28, while the Nifty 50 slipped 121 points, or 0.47 percent, to end at 25,839.65.
The mid-cap and small-cap indices, however, bucked the trend. The BSE Midcap index gained 0.60 percent, while the Smallcap index jumped 1.27 percent, helping the overall market rebound. As a result, the total market capitalisation of BSE-listed companies rose to ₹465 lakh crore, up from ₹464.2 lakh crore in the previous session. Investors were richer by nearly ₹1 lakh crore by the close.
Caution ahead of the US Fed policy outcome, continued rupee weakness, persistent foreign investor selling, and lingering uncertainty around a potential India–US trade deal dampened market mood.
Analysts expect volatility to persist until December-quarter earnings show signs of improvement and clarity emerges on the bilateral trade agreement.
“Domestic equities opened lower, extending profit booking amid caution ahead of tomorrow’s US Fed policy decision, rupee weakness, persistent FII outflows, and uncertainty over the US–India trade deal,” said Vinod Nair, Head of Research at Geojit Financial Services.
Eternal: up 2.28 percent
Titan Company: up 1.94 percent
Adani Enterprises: up 1.53 percent
Asian Paints: down 4.60 percent
Tech Mahindra: down 1.90 percent
HCL Technologies: down 1.82 percent
