Equities pared earlier losses by midday Tuesday, with the Sensex declining 272.88 points to 80,745.84 and the Nifty 50 down 77.40 points to 24,645.35 as of 12:38 pm. The markets had opened weak following US President Trump’s threat to substantially raise US tariffs on India over Russian oil imports.
The Sensex, which had fallen 436 points to 80,583 by 10 am, recovered from its morning lows as selective buying emerged in banking and consumer stocks. The index opened at 80,946.43 against its previous close of 81,018.72. The Nifty 50 opened at 24,720.25 compared to Monday’s close of 24,722.75.
IndusInd Bank led the Nifty 50 gainers with a 1.74 per cent rise to ₹818.05, followed by Titan Company which gained 1.36 per cent to ₹3,401.80. Maruti Suzuki advanced 1.33 per cent to ₹12,530.00, while Trent climbed 1.11 per cent to ₹5,307.50. Bharti Airtel added 0.85 per cent to ₹1,930.90.
On the downside, Dr Reddy’s Laboratories declined 1.46 per cent to ₹1,207.10, leading the losers. Asian Paints fell 1.33 per cent to ₹2,417.10, while Cipla dropped 1.19 per cent to ₹1,497.00. ICICI Bank and Infosys both declined 1.16 per cent to ₹1,446.30 and ₹1,463.40 respectively.
Market breadth remained weak with 2,056 stocks declining against 1,768 advances on the BSE, where 4,015 stocks were traded. A total of 111 stocks hit 52-week highs while 70 touched 52-week lows. Additionally, 202 stocks were in the upper circuit while 174 were in the lower circuit.
Sectoral indices mirrored the benchmark performance with Nifty Next 50 down 0.25 per cent to 66,753.05. Nifty Financial Services declined 0.37 per cent to 26,377.55, while Nifty Bank fell 0.30 per cent to 55,457.95. Nifty Midcap 100 dropped 0.33 per cent to 57,244.45.
The tariff concerns have sparked fears over trade ties, economic growth, and corporate earnings prospects. Foreign institutional investors continued their selling streak with outflows of ₹2,566 crore on Monday, though domestic institutional investors provided support with purchases of ₹4,386 crore.
Trading volumes remained elevated as investors assessed the impact of potential trade disruptions on Indian businesses, particularly those with exposure to international markets and commodity imports.
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Published on August 5, 2025