Sensex, Nifty Trade Flat; Broader Markets Show Weakness

The Indian equity markets began Tuesday’s trading session on a cautious note, with benchmark indices slipping marginally due to mixed global cues.

Investors showed restraint amid sectoral weakness, particularly in auto, PSU bank, and financial service counters.

At 9:31 AM, the BSE Sensex was trading 40.79 points or 0.05 per cent lower at 82,018.63, while the NSE Nifty declined by 22.10 points or 0.09 per cent to 24,923.35.

Nifty Bank, which reflects performance in the banking sector, was also down by 51.40 points or 0.09 per cent at 55,369.30.

The broader markets followed suit with the Nifty Midcap 100 slipping 162.45 points or 0.28 per cent to 56,943.00, while the Nifty Smallcap 100 dropped 42.75 points or 0.24 per cent to 17,606.90, indicating a more cautious tone across investor segments.

Market analysts observed that the Nifty formed a bearish candle on the daily chart while trading within an inside bar pattern, suggesting indecisiveness.

It closed just below the psychological mark of 25,000.

“The index hovered in a narrow range of 24,900 to 25,100 throughout the previous session, reflecting market indecision,” said Mandar Bhojane, Equity Research Analyst at Choice Broking. “Immediate support lies at 24,900–24,800, while resistance is placed at 25,100 and 25,235. A breakout above 25,235 could pave the way for a rally towards 25,500–25,743.”

Rupee Gains As Crude & Dollar Soften

The Indian Rupee gained 10 paise to settle at 85.40 against the US dollar.

“This appreciation is largely due to a decline in crude oil prices and a softer US dollar,” noted Devarsh Vakil, Head of Prime Research at HDFC Securities.

Among the Sensex constituents, Tata Steel, Sun Pharma, Infosys, Tech Mahindra, ITC, Adani Ports, L&T, and HCL Tech led the gainers.

Conversely, Power Grid, Nestle India, Titan, Kotak Mahindra Bank, Mahindra & Mahindra, and HDFC Bank were among the top laggards.

Across Asia, markets in China, Hong Kong, Japan, Bangkok, Seoul, and Jakarta traded in positive territory.

On Wall Street, the Dow Jones ended the previous session up 137.33 points or 0.32 per cent at 42,792.07.

The S&P 500 gained 0.09 per cent to close at 5,963.60, while the Nasdaq edged up 0.02 per cent to 19,215.46.

Institutional investors showed signs of caution, with both foreign and domestic participants turning net sellers—a rare occurrence in the past month.

According to provisional NSE data, foreign institutional investors (FIIs) offloaded equities worth ₹525.95 crore, while domestic institutional investors (DIIs) sold shares worth ₹237.93 crore on May 19.

The current market outlook remains watchful, with investors closely monitoring global cues and domestic economic signals for further direction.

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