Indian equity markets finished the trading day in negative territory on Tuesday, with sector-specific weakness in banking, autos and fast-moving consumer goods dragging headline measures down.
At the close on the National Stock Exchange, the Nifty 50 was down 0.40%. The BSE Sensex 30 finished the session 0.54% lower.
Winners and losers on the Nifty
Among Nifty 50 constituents, Oil And Natural Gas Corporation Ltd (NSE:ONGC) paced gains, climbing 5.63% or 16.10 points to finish at 302.00. Adani Enterprises Ltd (NSE:ADEL) added 3.94% or 91.50 points to end the day at 2,413.30, while Coal India Ltd (NSE:COAL) rose 3.29% or 14.90 points to close at 467.40.
On the downside, Axis Bank Ltd (NSE:AXBK) fell 2.58% or 34.20 points to close at 1,290.00. Maruti Suzuki India Ltd. (NSE:MRTI) declined 2.51% or 332.00 points to end at 12,890.00, and HCL Technologies Ltd (NSE:HCLT) slipped 2.30% or 28.30 points to 1,199.90.
Movers on the Sensex
On the BSE Sensex 30, Reliance Industries Ltd (BO:RELI) led the gainers with a 1.98% rise to 1,393.00. Bharti Airtel Ltd (BO:BRTI) added 1.74% to settle at 1,851.20, and Nestle India Ltd (BO:NEST) gained 1.67% to close at 1,440.00.
The heaviest drops on the Sensex were seen in Maruti Suzuki India Ltd. (BO:MRTI), which fell 2.61% to 12,880.00, Axis Bank Ltd. (BO:AXBK), down 2.60% to 1,290.00, and HCL Technologies Ltd (BO:HCLT), which decreased 2.34% to 1,200.00.
Breadth and notable price milestones
On the National Stock Exchange, declining issues outnumbered advancing ones by 1,392 to 1,135, with 39 stocks unchanged. On the Bombay Stock Exchange, 2,100 stocks fell, 1,900 advanced and 157 finished flat.
Several large caps hit significant reference points. Shares of Oil And Natural Gas Corporation Ltd (NSE:ONGC) moved to 52-week highs, gaining 5.63% or 16.10 to 302.00. HCL Technologies Ltd (NSE:HCLT) fell to 52-week lows on the NSE, down 2.30% or 28.30 to 1,199.90; on the BSE, HCL Technologies Ltd (BO:HCLT) also touched 52-week lows, falling 2.34% or 28.70 to 1,200.00. Nestle India Ltd (BO:NEST) rose to all-time highs, up 1.67% or 23.70 to 1,440.00.
Volatility, commodities and currencies
The India VIX, which measures implied volatility for Nifty 50 options, eased 1.61% to 18.08.
In commodities, Gold Futures for June delivery declined 1.47% or 68.96 to $4,624.74 a troy ounce. Crude oil for June delivery rose 3.55% or 3.42 to $99.79 a barrel, while the July Brent contract increased 2.72% or 2.77 to $104.46 a barrel.
On the currency front, USD/INR moved higher by 0.38% to 94.54 and EUR/INR was up 0.12% to 110.55. The US Dollar Index Futures rose 0.28% to 98.59.
The trading session closed with energy names among the day’s top performers, while financials, autos and select technology stocks faced the steepest losses. Market breadth showed more decliners than advancers on both major exchanges and implied volatility softened slightly by the close.