India’s Nifty 50 index pared losses to close at 25,971.80, down 0.16%. Banking and energy stocks dragged early trade, but FMCG and pharma gains limited the fall. Global cues, including U.S. rate uncertainty and oil volatility, drove swings. The index held above support, reflecting cautious resilience in volatile markets.
India’s benchmark Nifty 50 index showed resilience in Tuesday’s session, paring deeper intraday declines to close only marginally lower. The index was last quoted at 25,971.80 points, down 41.65 points or 0.16%, reflecting cautious investor sentiment but also selective buying support.
Key highlights from the market update:
-
The Nifty 50 pared losses, recovering from sharper falls earlier in the day.
-
Banking and energy stocks weighed on sentiment, while FMCG and pharma counters provided late support.
-
Analysts attribute the volatility to global cues, including uncertainty around U.S. interest rates and crude oil price swings.
-
Despite the dip, the index held firmly above the 25,950 support level, signaling underlying strength in the broader market.
-
Investor focus remains on upcoming macroeconomic data releases and corporate earnings, which could set the tone for near-term direction.
This session underscores how profit booking and global jitters continue to influence domestic equities, while sectoral resilience provides balance. Traders are advised to remain cautious but alert to opportunities in industries showing defensive strength.
Sources: Reuters, NSE India, Livemint