By Admin 
Stock Market News: Domestic stock markets closed with losses on Tuesday amid continuous selling by foreign investors and growing concerns about tariffs globally. Sensex fell by 250 points and Nifty by about 58 points due to profit booking in major stocks.
The 30-share Sensex of BSE closed at 83,627.69 points with a decline of 250.48 points or 0.30 percent. At one time during trading it had fallen by 615.38 points to 83,262.79. At the same time, NSE’s Nifty weakened by 57.95 points or 0.22 percent and closed at 25,732.30 points.
decline in these shares
Among the 30 Sensex companies, shares of Trent, Larsen & Toubro, Reliance Industries, Interglobe Aviation, Maruti, ITC, Adani Ports and Bharat Electronics recorded major decline. On the other hand, shares of Eternal, ICICI Bank, Tech Mahindra, State Bank of India and Tata Consultancy Services (TCS) witnessed gains.
Vinod Nair, head of research at Geojit Investments Limited, said that there was an atmosphere of concern in the market due to the warning of imposing US tariffs on countries doing business with Iran. Apart from this, investor sentiment remained cautious due to weakness of rupee, rise in crude oil prices, improvement in US bond yields and withdrawal of foreign capital.
He said that amidst the weak start of quarterly results, profit-booking trend was seen in major stocks, which increased the pressure on the market. TCS, the country’s largest IT services company, has reported a 13.91 percent decline in net profit in the December quarter due to the one-time impact of the new labor codes.
Selling by foreign investors
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 3,638.40 crore on Monday, while domestic institutional investors (DIIs) bought shares worth Rs 5,839.32 crore.
On the global front, investors appeared cautious after US President Donald Trump announced imposing 25 per cent tariffs on countries trading with Iran. Ajit Mishra, Senior Vice President (Research), Religare Broking, said that geopolitical tensions and uncertainties regarding global trade have affected the risk appetite of investors.
Talking about the macro market, the BSE Smallcap index rose by 0.46 percent, while the Midcap index closed with a decline of 0.16 percent. In the sectoral index, a decline of 1.18 percent was recorded in telecom, 1.09 percent in industrial sector and 0.67 percent in capital products segment.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei and Hong Kong’s Hang Seng closed with gains, while China’s Shanghai Composite remained in loss. A mixed trend was seen in European markets. American markets closed with gains on Monday. In the international market, Brent crude oil rose by 1.86 percent to reach $ 65.06 per barrel.
Also read: India’s big challenge to China’s dominance in this sector, record export of Rs 4 lakh crore in 2025
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)