The BSE Sensex experienced a significant drop on Tuesday, closing at 65,512.10, a decrease of 316.31 points. This fall was largely attributed to foreign fund outflows and a sluggish Asian market. Similarly, the Nifty of the National Stock Exchange (NSE) fell by 109.55 points, settling at 19,528.75.
The Sensex opened weak at 65,813.42, easing by 15 points. During the session, it plummeted by as much as 484 points to reach a day's low of 65,344.59 before recovering somewhat to close at 65,512.10.
Certain sectors weighed heavily on the market during Tuesday's trading session. Oil and Gas stocks led the decline with a 1.30% drop, closely followed by Auto stocks which fell by 1.21%. Energy and Power sectors also contributed to the downturn, falling by 1.15% and 0.82% respectively.
Among individual scrips, Maruti Suzuki emerged as a top loser, tumbling down by 2.46% to Rs 10,340.90. Other significant losers included NTPC which fell by 1.83% to Rs 241.15, Tata Motors (BO:TAMO) (NYSE:TTM) declining by 1.59% to Rs 620.30, and Sun Pharma dropping by 1.48% to Rs 1141.95.
However, not all stocks experienced losses on Tuesday. Bajaj Finance saw an increase of 2.04%, closing at Rs 7968.95 while L&T rose by 1.68% to Rs 3072.80. Titan also gained ground with a rise of 1.50% to Rs 3196.85 and Bajaj Finserv increased by 1.30% to Rs 1560.50.
In terms of market capitalization, the Mid Cap index rose marginally by 0.09% while the Small Cap index saw a more substantial increase of 0.61%. Of the 30 scrips assessed during the session, 11 advanced while 19 declined.
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