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Both BSE Sensex and NSE Nifty end lower on Tuesday for record 10th straight loss session on weak global cues amid tariff war fears.
The Nifty managed to end the day above 22,000 at 22,082.65, while the BSE Sensex also closed slightly lower by 96.01 points at 72,989.93.
The domestic equity market on Tuesday remained in the red throughout the session for the 10th day in a row, though it paired much of its losses after opening lower by more than 0.6 per cent. The NSE Nifty finally managed to end the day above 22,000 at 22,082.65, which was marginally down by 36.65 points as against the previous close, while the BSE Sensex also closed slightly lower by 96.01 points at 72,989.93.
However, both midcap and smallcap ended the day in green rising by 0.08 per cent and 1.28 per cent, respectively.
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Among the 30 shares of the Sensex, 18 scrips closed in the red. Among the top losers were Bajaj Finserv, HCL Tech, Nestle India, Asian Paint, and Sun Pharma declining up to 2.70 per cent.
However, SBI, Zomato, TCS, Adani Ports, and PowerGrid were the top gainers.
Overall BSE Trade Today
Among the total 4,086 stocks traded on BSE on Tuesday, 2,219 shares advances and 1,738 shares declined. However, 129 shares ended the day unchanged.
A total of 54 stocks hit their 52-week high, while 572 stocks hit their 52-week low.
A total of 193 stocks hit upper circuit, while 308 stocks hit lower circuit.
What Experts Say
Vinod Nair, head of research at Geojit Financial Services, said, “The domestic market exhibited a recovery from today’s lows but remained in negative territory due to adverse global cues related to escalating global trade tensions. Nevertheless, the broader market outperformed, primarily driven by value buying opportunities in small-cap stocks.”
Currently, domestic economic indicators are favourable while investors await clarity on global trades for a consistency in momentum, he added.
Satish Chandra Aluri of Lemonn Markets Desk said, “Markets opened sharply lower amid escalating global trade tensions after US President Donald Trump confirmed his proposed tariffs of 25 per cent on imports of Mexico and Canada to take effect with tariff on Chinese imports doubling to 20 per cent. Selling pressure persisted as the Nifty struggled to hold 22000 level with continued foreign selling to the tune of record nearly $13 bullion so far in 2025.”
On the margin, overnight decision to go ahead with tariffs indicate there is more pain ahead for markets as reciprocal tariffs on India will be expected in April. Sectors exposed to US like Pharma and IT along with Auto are the worst hit on global trade tensions while domestic focused banks and financials fared better, he added.
Technical View
Technically, Nifty 50 is oscillating around the key 22000 level which remains a key support. Markets continued to be buffeted by a range of global factors while domestic sentiment remains weak. Bank Nifty posted gains with key support remaining around 48000 levels, Aluri said.
Rupak De, senior technical analyst at LKP Securities, said, “Following a gap-down start, the Nifty remained bullish throughout the day. The index found support around 22,000 on a sustained basis. Though sentiment has not turned positive, there are signs that the index is finding support in the 21,800–22,000 zone. In the short term, we might witness a recovery. However, a decisive fall below 21,800 could change the current equation.”
