The Indian equity market surrendered gains on Monday, ending the session deep in the red. BSE Sensex closed at 83,246.18, down 324.17 points or 0.39%, as Nifty settled at 25,585.50, off by 108.85 points or 0.42%. Widespread selling, particularly in cyclical sectors, defined the trading day.
Nifty Realty led losses at 1.99%, followed by Media (1.84%) and Oil & Gas (1.56%). Infra dipped 0.90%, Commodities 0.89%. In contrast, Nifty FMCG advanced 0.67%, with Consumption (+0.15%) and Auto (+0.13%) also positive. Sensex toppers: IndiGo, Tech Mahindra, HUL, Kotak Mahindra Bank, Maruti, Bajaj Finance, Trent, ITC, HCL Tech, Axis Bank, Bajaj Finserv, BEL, L&T, Sun Pharma.
Key laggards: ICICI Bank, Eternal, Titan, TCS, UltraTech Cement, NTPC, Infosys, Bharti Airtel, SBI, HDFC Bank. Mid and small-caps mirrored the trend, with Nifty Midcap 100 at 59,647.65 (-220.15 pts, -0.37%) and Nifty Smallcap 100 at 17,190.70 (-171.60 pts, -0.99%).
Per Sudeep Shah, SBI Securities, tariff concerns reignited bearishness. Nifty support at 25,500-25,450; break below risks 25,300. Upside resistance: 25,700-25,730. Opening was grim: Sensex 83,072 (-0.60%), Nifty 25,560 (-0.52%).
With global uncertainties looming, investors remain on edge. This downturn highlights the need for vigilance as markets navigate policy risks and earnings season.