India’s benchmark indices clocked their 8th straight loss on Tuesday. The Nifty closed at 24,611, down 24 points, while the Sensex slipped nearly 100 points to end at 80,268. Weakness in FMCG, realty and IT dragged the markets, though auto, banks and metals helped cap the slide.
In stock action, Tata Investment stole the show, surging 16% to hit an all-time high of ₹10,391. Ola Electric also bounced back, rising 5% after four losing sessions. Among Nifty movers, Adani Ports, UltraTech Cement, JSW Steel, Tata Motors and Hindalco were top gainers, while InterGlobe Aviation, ITC, Bajaj Finserv, Airtel and Tech Mahindra led the losers.
Globally, Asian cues were mixed. Japan’s Nikkei slipped, but Hong Kong and Shanghai indices gained. Europe too showed a split, with the FTSE and CAC lower while DAX and IBEX managed small gains.
On the currency front, the rupee hit a record low, settling at 88.79 against the dollar, logging its fifth monthly fall amid India–US trade tensions. And in commodities, crude prices softened as OPEC+ signalled plans to hike output in November.
That’s all for today’s market wrap. Stay tuned with ET Markets Radio for more updates.