Mumbai, June 30: The Indian stock market closed in the red during Tuesday’s trading session. By the end of the day, the Sensex fell by 249.70 points, or 0.33%, settling at 76,478.67. Meanwhile, the Nifty decreased by 80.50 points, or 0.34%, to close at 23,865.75.
Selling pressure was observed in large-cap stocks, while mid-cap and small-cap stocks experienced buying interest. The Nifty Midcap 100 index rose by 230.40 points, or 0.37%, to reach 61,797.70, and the Nifty Smallcap 100 index gained 190 points, or 1.02%, closing at 18,863.10.
Among the indices, Nifty India Defense and Nifty Realty were the top gainers, rising by 1.37% and 1.31%, respectively. Other sectors like Nifty Consumer Durables, Nifty Pharma, Nifty Manufacturing, Nifty Auto, Nifty Oil and Gas, and Nifty Healthcare also closed in positive territory. Conversely, Nifty IT, Nifty Media, Nifty PSU Bank, Nifty FMCG, Nifty Private Bank, and Nifty Services faced losses.
In the Sensex pack, gainers included Maruti Suzuki, Titan, Bajaj Finance, Adani Ports, and Power Grid. On the losing side were Infosys, TCS, HCL Tech, and HDFC Bank, among others.
Experts suggest that the domestic market is currently in a consolidation phase, trading within a limited range amid mixed trends. Although geopolitical concerns have eased, the fragile state of the U.S.-Iran peace agreement continues to impact market sentiment, keeping investors cautious.
They further noted that the performance across different sectors has been mixed, with a general inclination towards declines, particularly in the IT sector. Investors are closely monitoring upcoming U.S. employment data and statements from the new Fed Chairman to gauge interest rate movements, as inflation remains above target while economic activities are showing robust growth.
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