Sensex Today

Headline: Sensex Today: Volatility Persists, Markets Close in Red

Market Overview

Indian equity markets witnessed a volatile session on Tuesday, with the benchmark Sensex closing lower by 150 points. The Nifty50 index also declined by 40 points, ending the day at 17,860 levels.

The markets opened on a positive note, tracking gains in global markets. However, selling pressure emerged in the afternoon session, dragging the indices lower.

Sectoral Performance

The majority of sectors closed in the red, led by losses in the IT, metal, and banking stocks. The IT index fell by 1.5%, while the metal index declined by 1%. The banking index also witnessed a decline of 0.5%.

On the other hand, the FMCG and pharma sectors managed to close in the green. The FMCG index gained by 0.5%, while the pharma index rose by 0.3%.

Top Gainers and Losers

The top gainers in the Sensex today were NTPC, ITC, and Dr. Reddy's Laboratories. The top losers were Bajaj Finance, Tata Steel, and Reliance Industries.

Market Outlook

Analysts expect the volatility in the markets to continue in the near term, as investors remain cautious ahead of the release of key economic data and the upcoming Union Budget.

Traders are advised to adopt a cautious approach and focus on defensive sectors such as FMCG and pharma. They should also keep a close watch on global cues and react accordingly.