Sensex, Nifty Slide Over 1% As Global Jitters And Earnings Weigh On Markets

The Indian equity markets extended their losing streak on Tuesday, with benchmark indices closing sharply lower as investors remained cautious amid rising global tensions and continued to track company-specific developments during the ongoing Q3 earnings season.

Heavy selling dominated the session, dragging frontline stocks lower across sectors. The Sensex ended the day at 82,180.47, down 1,065.71 points or 1.28 per cent, while the Nifty settled at 25,232.5, slipping 353 points or 1.38 per cent.

“On the daily chart, the index appears to be drifting towards the 200-DMA. Immediate support is seen around 25,100–25,150. If this level holds, a decent pullback can be expected,” an expert stated.

Selling pressure was evident across most blue-chip stocks, with HDFC Bank emerging as the lone gainer among Sensex constituents. Shares of Bajaj Finance, Eternal, Sun Pharma, and IndiGo were among the major drags on the indices.

Other notable losers on the Sensex included Trent, Asian Paints, Mahindra and Mahindra, Bajaj Finserv, Tata Steel and Tech Mahindra, reflecting broad-based weakness in the market.

Realty, Auto, IT Stocks See Steep Cuts

Sectoral indices ended firmly in the red, led by sharp losses in real estate stocks. The Nifty Realty index plunged over 5 per cent, followed by the Nifty Auto index, which fell 2.56 per cent, and the Nifty IT index, down 2.06 per cent.

The broader market underperformed the benchmarks, with the Nifty Midcap index declining 2.62 per cent and the Nifty Smallcap index slipping 2.85 per cent.

Analysts said the sharp fall underscored investor nervousness amid uncertain global cues and cautious positioning ahead of further corporate earnings announcements.

In the currency market, the rupee traded flat near 90.90 against the US dollar. Geopolitical tensions among NATO members and uncertainty surrounding US interests in Greenland, linked to its rare-earth resources, kept sentiment subdued.

“The currency remains range-bound with participants awaiting fresh triggers from the Union Budget due on Feb, while the US Fed’s policy decision later this month is expected to add volatility,” an expert said.

“The rupee is likely to trade between 90.45 and 91.45 in the near term,” as per the analyst.

Also Read: Union Budget 2026 Expected To Advance Reforms While Safeguarding Fiscal Stability: HSBC Report