The Indian stock markets saw a lacklustre performance on Tuesday, with the Sensex closing with losses of 3 points and the Nifty ending with gains of just 1.55 points. The day started on a positive note with the indices rising in the morning and reaching their highs in the afternoon. However, selling pressure and negative international cues led to a drop in the markets, with profit booking at highs further impacting the stocks.
PSU banking stocks were hit particularly hard, ending the day with heavy losses. Meanwhile, stocks of TCS, Reliance Industries, and Axis Bank managed to end the day in the green, while ITC, SBI, and Bajaj Finance suffered losses.
In terms of the broader market, the BSE mid-cap indices ended flat while the small-cap indices saw losses. The falling international consumption concerns weighed on oil prices, with Brent crude trading below $76 per barrel. The rupee also faced depreciation, ending the day at 82.04 against the dollar, a decrease of 24 paise.
Overall, the day proved to be a mixed bag for Indian investors, with some sectors performing better than others, while the markets as a whole struggled to make any significant gains.
