Top News

Indian markets witnessed a sharp decline on Tuesday as the Sensex closed nearly 69 points lower at 84,710.08 and the Nifty ended lower by over 3 points, at 25,962.95.

Notably, the benchmark indices opened marginally higher in the morning with the Sensex opening trade over 84,800, rising 33 points and the Nifty ringing the bell at over 25,900, climbing more than 20 points.

US-China Trade Tensions

Indian markets witnessed a sharp decline on Tuesday afternoon as the Sensex ended nearly 300 points below at over 84,400 and the Nifty closed over 60 points lower at more than 25,900.

The broader sentiment for domestic equities remains cautiously optimistic, supported by stronger-than-expected Q2 earnings and steady domestic institutional inflows that continue to underpin market momentum.

Earlier, markets had witnessed a broad-based recovery, buoyed by progress in US–China trade negotiations and softer-than-expected US CPI data, which renewed hopes of a Federal Reserve rate cut this week and lifted investor confidence.

However, lingering uncertainty surrounding the India–US trade deal has capped gains, leading to intermittent profit-booking at higher levels as investors balance short-term risks against resilient underlying fundamentals.

Global Market Trends and Foreign Flows

Across Asia, Japan’s Nikkei 225 and South Korea’s Kospi traded lower, while Hong Kong’s Hang Seng and China’s Shanghai Composite edged higher. On Wall Street, key US indices ended in positive territory on Monday.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 55.58 crore on Monday, while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 2,492.12 crore in the previous session.