The Sensex fell 250 points to close at 76,479, while the Nifty 50 declined 81 points to settle at 23,866, slipping below the 23,900 mark. The Nifty Bank dropped 184 points to 57,543.
Despite the weakness in benchmark indices, the broader market outperformed. The Midcap Index gained 230 points to end at 61,798, with the advance-decline ratio on the NSE standing at 3:2, indicating that advancing stocks outnumbered declining ones.
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From the Sensex basket, Maruti Suzuki India Ltd, Titan Company Ltd, Bajaj Finance Ltd, Tata Motors Passenger Vehicles Ltd, Adani Ports & Special Economic Zone Ltd and Eternal Ltd were the major gainers.
Eicher Motors Ltd, Infosys Ltd, Tata Consumer Products Ltd, Tata Consultancy Services Ltd, Wipro Ltd and HCL Technologies Ltd were the biggest laggards.
The IT pack remained the biggest drag on the market, with the Nifty IT index ending as the worst-performing sectoral index for the third consecutive session. Infosys, TCS and Wipro were among the top losers on the Nifty.
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Among individual stocks, Eicher Motors and Tata Consumer also featured among the top Nifty losers. On the gaining side, Maruti Suzuki surged more than 5% after a Jefferies upgrade, emerging as the top Nifty gainer.
Transformers & Rectifiers (India) climbed over 6% after securing an order worth more than ₹1,000 crore from Power Grid. Suzlon Energy rose over 3% after winning a 105 MW wind energy project from Sunsure Energy.
Ola Electric and Ather Energy gained up to 8% after Delhi introduced a new electric vehicle policy. Dixon Technologies advanced 1% following reports of imminent government approval for its joint venture with Vivo.
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Meanwhile, HDFC Bank ended flat after announcing the appointment of a new Chairman and Chief Financial Officer. Other notable gainers included Cochin Shipyard, L&T Finance, Nykaa, Alkem Laboratories and Bharti Hexacom.
Despite Tuesday’s decline, the Nifty has gained 7% in the first quarter of FY27, marking its best quarterly performance in a year.
