Indian equity benchmarks fell on Tuesday, reversing the previous session’s gains as selling in financial stocks and continued foreign fund outflows dampened sentiment. Around 10:45 a.m., the Sensex was down 398.61 points, or 0.48%, at 83,136.74, while the Nifty dropped 119.65 points, or 0.47%, to 25,454.70.
Bajaj Finance, Bajaj Finserv, and Tata Motors were the top losers, falling up to 7%, whereas Bharti Airtel and Bharat Electronics gained around 2%. The decline was driven by foreign investors selling shares worth ₹4,114.85 crore on Monday and reduced liquidity due to multiple large IPOs such as Pine Labs, Emmvee Photovoltaic, and PhysicsWallah.
Experts noted that despite positive signals from easing U.S.–India trade tensions, market consolidation could persist amid liquidity pressure. Geojit’s Dr. V.K. Vijayakumar cautioned investors against overvalued IPOs, warning of risky trends. The India VIX climbed 5% to 12.90, reflecting rising market anxiety, while weak global cues from China and the U.S. added pressure. Analysts expect short-term volatility, with support near 25,485 and possible upside targets between 25,850 and 25,980.
