29 September,2026 05:13 PM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
The domestic equity benchmark indices extended their losses for the second straight day on Tuesday as elevated crude oil prices amid the escalating tensions in West Asia and foreign fund outflows made investors risk averse.
The 30-share BSE Sensex slipped 242.65 points, or 0.33 per cent, to settle at 72,529.07. The 50-share NSE Nifty shed 64.05 points, or 0.28 per cent, to end at 22,716.20.
"Despite a mid-session recovery, uncertainty over the prospects of a peace deal in Iran, persistent FII selling, a weakening rupee and elevated US Treasury yields continued to weigh on investor sentiment," Pabitro Mukherjee, Deputy Vice President Research, Bajaj Broking said.
The indices however pared their losses from the initial trade in the morning to minimise the decline.
During the early deals, the Sensex had tanked 585.47 points or 0.80 per cent to 72,186.25, while the Nifty shed 172.85 points or 0.76 per cent to 22,607.40.
"Today, the benchmark indices recovered from their intraday lows. The Nifty ended 65 points lower, while the Sensex fell 243 points. Among the sectors, almost all major sectoral indices came under selling pressure, with the consumer index losing the most, shedding over 2 per cent," Shrikant Chouhan, Head Equity Research, Kotak Securities said.
From the 30 Sensex firms, Adani Ports, Sun Pharma, Tata Steel, Kotak Mahindra Bank and NTPC were among the gainers. Titan, HCLTech, Tata Consultancy Services, UltraTech Cement, Hindustan Unilever and Tech Mahindra were among the major laggards.
On Monday, the Sensex plummeted 1,124.02 points, or 1.52 per cent, to settle at 72,771.72, while the Nifty tanked 360.25 points, or 1.56 per cent, to end at 22,780.25.
Brent crude, the global oil benchmark, dipped 0.09 per cent to USD 105.1 per barrel, according to news agency PTI. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,353.22 crore on Monday.
"Domestic equities continue to face correction-led headwinds amid volatile crude prices, US Treasury yields hovering near two-decade highs, and persistent FII outflows exerting pressure on the rupee. Adding to the pressure, the unprecedented pace of IPO fundraising is absorbing incremental liquidity. Investor risk appetite remains subdued against a hawkish global backdrop amid rising odds of additional rate hikes later in the year," Vinod Nair, Head of Research, Geojit Investments said.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 and Hong Kong's Hang Seng index all declined, while Shanghai's SSE Composite index ended higher.
(With inputs from PTI)
