Mumbai — Indian benchmark equity indexes closed lower Tuesday as weakness in information technology stocks weighed on sentiment and investors remained cautious ahead of scheduled U.S.-Iran talks in Doha.
The Nifty fell 80.50 points, or 0.34 percent, to close at 23,865.75, while the Sensex declined 249.70 points, or 0.33 percent, to settle at 76,478.67.
Market analysts said the 24,000 level has emerged as the Nifty’s immediate resistance zone. “A sustained move above this band will be essential to revive bullish momentum and could pave the way for a recovery towards the 24,100–24,200 region,” an analyst said.
On the downside, the 23,800 level remains the index’s immediate support. “Holding above these levels will be crucial to prevent further weakness and preserve the broader recovery structure,” a market expert said.
Maruti Suzuki, Titan, Bajaj Finance, Eternal and Adani Ports were among the top gainers in the Sensex. Infosys, Tata Consultancy Services, HCL Technologies, Tech Mahindra and Hindustan Unilever were among the biggest losers.
Broader markets outperformed the benchmark indexes. The Nifty MidCap index rose 0.37 percent, while the Nifty SmallCap index gained 1.02 percent.
Among sectoral indexes, Nifty IT, Nifty Media and Nifty PSU Bank recorded the steepest losses amid selling pressure in technology and banking stocks.
Nifty Realty, Nifty Consumer Durables and Nifty Chemicals ended higher, supported by sector-specific buying.
Investors also remained cautious as they awaited the outcome of U.S.-Iran talks in Doha, with geopolitical developments continuing to influence market sentiment. (Source: IANS)
