Markets Close Lower; Benchmarks Slide Over 1%, Volatility Spikes
Indian equity markets ended sharply lower on Tuesday, with benchmark indices Nifty 50 and BSE Sensex declining over 1%, as broad-based selling weighed on sentiment across sectors.
The Nifty 50 closed at 25,232.50, down 353 points (1.38%), after touching an intraday high of 25,585 and a low of 25,171. The index opened at 25,580.30, lower than its previous close of 25,585.50, and remained under pressure throughout the session.
The BSE Sensex slipped 1,065.71 points (1.28%) to settle at 82,180.47, compared to its previous close of 83,246.18. The 30-share index moved between a high of 83,254.28 and a low of 82,010.58 during the day.
Banking and financial stocks were among the major laggards. The Nifty Bank index fell 487.15 points (0.81%) to 59,404.20, while BSE Bankex declined 788.63 points (1.17%) to close at 66,896.29. Similarly, Nifty Financial Services dropped 318.35 points (1.16%) to 27,200.60.
Mid-cap stocks witnessed steeper losses, with the Nifty Midcap Select tumbling 347.30 points (2.54%) to 13,307.90, indicating heightened selling pressure in broader markets.
Meanwhile, market volatility surged, with India VIX jumping 7.61% to 12.73, reflecting increased investor caution amid uncertain global and domestic cues.
Overall, Tuesday’s session was marked by risk-off sentiment, profit booking across sectors, and rising_toggle volatility, dragging equity benchmarks lower by the close.
