Weak global signals from the U.S. set a bearish tone for India’s Tuesday trade, with Sensex cratering 557.14 points or 0.67% to 82,737.52 by 9:30 AM. Nifty mirrored the downside, down 154.20 points (0.60%) at 25,558.80, as all sectoral gauges turned negative.
The index opened lower—Sensex at 83,053 (-242 pts), Nifty at 25,641.80 (-71 pts)—before probing lows around 82,725 and 25,558. Mid and smallcaps amplified the pain: Nifty Midcap 100 -0.72%, Smallcap 100 -0.88%, alongside BSE peers.
IT bore the brunt at -3.34%, dragging peers like Auto (-0.54%), FMCG (-0.48%), and Bank nicks (-0.12%). Sensex saw 25 decliners: HCL Tech, Interglobe, Infosys, TCS, Airtel, Tech Mahindra headed south. Uplifts came from SBI, Asian Paints, Axis Bank, Power Grid, Tata Steel, Kotak Bank.
FII resurgence—₹3,843 crore bought Feb 23—contrasted DII sales of ₹1,292 crore, netting FIIs positive for the month. Yet, experts preach patience amid swings. ‘Volatility rules; cherry-pick solids on dips, manage risks tightly,’ one recommends.
Technicals eye Nifty resistance (25,850-25,900) vs support (25,550-25,600). Post-gap-up fade from Monday underscores caution. Bull case hinges on 26,000 breakout endurance. Stick to targeted, defensive strategies until clarity emerges.