Indian markets reversed early gains to end lower for the second straight session on Tuesday, as a retreat in financial stocks weighed on sentiment.
The Sensex slipped 297 points to close at 82,029, while the Nifty lost 82 points to settle at 25,145.
Among the top drags were Bajaj Finance, BEL, Tata Steel, TCS, and NTPC, each down up to 1.8%.
Broader markets underperformed… both mid and small-cap indices fell nearly a percent.
But outside the benchmark space, LG Electronics India stole the show.
The stock made a blockbuster debut, listing at a 50% premium and closing nearly 48% higher, the strongest billion-dollar IPO debut since Eternal in 2021.
Market experts say a muted Q2 earnings start and soft inflation data raised concerns about slowing demand, triggering profit booking across sectors.
Vinod Nair of Geojit Investments expects volatility to continue in the short term but believes the medium-term outlook remains stable, with demand likely to pick up in the second half of FY26.
In commodities, Brent crude slipped over 1.5% to around $62 a barrel, weighed by US-China trade jitters and weaker demand signals from the IEA.
Meanwhile, the rupee stayed near its record low, closing at 88.79 per dollar, cushioned slightly by possible RBI intervention.
That’s all for today’s market wrap.
This is Neha Vashishth, and you’re listening to ET Market Watch. Stay tuned for more market insights tomorrow.