Indian equity markets ended lower on Tuesday as selling pressure in information technology stocks weighed on benchmarks, while electric vehicle (EV) companies emerged as bright spots after the Delhi government announced a new EV policy aimed at boosting adoption of electric vehicles and improving air quality.The Nifty closed at 23,865.75, declining 80.50 points or 0.34 per cent, slipping below the key 24,000 mark.The Sensex settled at 76,478.67, down 249.70 points or 0.33 per cent.Despite the weakness in frontline indices, broader markets showed resilience. The Nifty Smallcap 100 gained 1.02 per cent, while the Nifty Midcap 100 rose 0.37 per cent, indicating continued investor interest in mid- and small-cap stocks.
Nifty50 top gainers
| Company Name | Current Price (Rs) | Price Change | % Change |
| Maruti Suzuki | 14,115 | 703.00 ↑ | 5.25% ↑ |
| Titan Company | 4,404 | 127.00 ↑ | 2.97% ↑ |
| Adani Ent. | 3,036 | 73.50 ↑ | 2.49% ↑ |
| Bajaj Finance | 1,005 | 22.70 ↑ | 2.32% ↑ |
| Tata Motors PV | 352.20 | 7.15 ↑ | 2.08% ↑ |
| Eternal | 264.60 | 5.21 ↑ | 2.01% ↑ |
| Adani Ports SEZ | 1,810 | 34.10 ↑ | 1.92% ↑ |
| Nestle India | 1,405 | 17.90 ↑ | 1.30% ↑ |
| Bajaj Finserv | 1,780 | 20.90 ↑ | 1.19% ↑ |
| InterGlobe | 5,368 | 53.20 ↑ | 1.01% ↑ |
Nifty50 top losers
| Company Name | Current Price (Rs) | Price Change | % Change |
| Eicher Motors | 7,074 | -353.00 ↓ | -4.75% ↓ |
| Infosys | 1,000 | -36.31 ↓ | -3.51% ↓ |
| Tata Consumer | 1,076 | -37.21 ↓ | -3.35% ↓ |
| TCS | 2,032 | -66.41 ↓ | -3.17% ↓ |
| Wipro | 170.39 | -5.10 ↓ | -2.91% ↓ |
| HCL Tech | 1,072 | -30.61 ↓ | -2.78% ↓ |
| Tech Mahindra | 1,405 | -29.10 ↓ | -2.03% ↓ |
| Max Healthcare | 1,129 | -20.66 ↓ | -1.80% ↓ |
| HUL | 2,118 | -33.11 ↓ | -1.54% ↓ |
| Dr. Reddys | 1,357 | -18.61 ↓ | -1.36% ↓ |
Sensex top gainers
| Company Name | Current Price (Rs) | Price Change | % Change |
| Maruti Suzuki | 14,115 | 703.00 ↑ | 5.25% ↑ |
| Titan Company | 4,404 | 127.00 ↑ | 2.97% ↑ |
| Bajaj Finance | 1,005 | 22.70 ↑ | 2.32% ↑ |
| Eternal | 264.60 | 5.21 ↑ | 2.01% ↑ |
| Adani Ports SEZ | 1,810 | 34.10 ↑ | 1.92% ↑ |
| Bajaj Finserv | 1,780 | 20.90 ↑ | 1.19% ↑ |
| InterGlobe | 5,368 | 53.20 ↑ | 1.01% ↑ |
| Trent | 3,283 | 24.30 ↑ | 0.75% ↑ |
| Bharti Airtel | 1,852 | 10.90 ↑ | 0.60% ↑ |
| NTPC | 356.65 | 0.55 ↑ | 0.16% ↑ |
Sensex top losers
| Company Name | Current Price (Rs) | Price Change | % Change |
| Infosys | 1,000 | -36.31 ↓ | -3.51% ↓ |
| TCS | 2,032 | -66.41 ↓ | -3.17% ↓ |
| HCL Tech | 1,072 | -30.61 ↓ | -2.78% ↓ |
| Tech Mahindra | 1,405 | -29.10 ↓ | -2.03% ↓ |
| HUL | 2,118 | -33.11 ↓ | -1.54% ↓ |
| ITC | 286.95 | -3.75 ↓ | -1.29% ↓ |
| ICICI Bank | 1,375 | -12.40 ↓ | -0.90% ↓ |
| SBI | 1,027 | -9.20 ↓ | -0.89% ↓ |
| Kotak Bank | 392.25 | -3.25 ↓ | -0.83% ↓ |
| Axis Bank | 1,346 | -11.10 ↓ | -0.82% ↓ |
EV stocks gain momentum after Delhi policy announcement
Shares of EV-focused companies rallied after the Delhi government unveiled its new electric vehicle policy on Monday to accelerate clean mobility adoption in the national capital.Ola Electric shares ended 8.37 per cent higher at Rs 43.76 apiece, while Ather Energy gained 5.24 per cent to close at Rs 1,140.55.The policy announcement provided support to EV stocks even as the broader market remained under pressure, with analysts pointing to continued investor confidence in India’s long-term electric mobility growth story.However, several traditional automobile companies remained under pressure.Hero MotoCorp declined 0.30 per cent, Bharat Forge slipped 0.96 per cent and Eicher Motors dropped 4.38 per cent. Meanwhile, Tata Motors gained 1.87 per cent and Bosch rose 0.29 per cent.
IT stocks emerge as biggest drag
The IT sector was the biggest laggard during Tuesday’s session, with the IT index falling more than 2 per cent.Among major losers on the BSE were Infosys, ITC, HCL Tech, TCS and Tata Steel. On the other hand, Maruti, Titan, Bajaj Finance, Eternal, Adani Ports, Bharti Airtel, IndiGo, Trent and NTPC featured among the key gainers.Sector-wise, Nifty Midsmall Healthcare emerged as the top performer, rising 1.45 per cent, followed by Nifty Chemicals (1.42 per cent), Nifty Realty (1.31 per cent) and Consumer Durables (1.16 per cent).
Market remains in consolidation phase
Market analyst Vipin Dixena said the benchmark index’s close below the 24,000 level reflected caution among investors but did not indicate a broader trend reversal.“With Nifty ending below 24,000 and broader sentiment turning cautious amid profit booking and sectoral selling. This is still a consolidation phase, not a trend reversal,” Dixena said, as quoted by news agency ANI.He added that EV stocks demonstrated relative strength despite weakness in the broader market.“The EV stocks have shown relative strength even in a down market, which signals long-term conviction. The macro story remains intact, but sentiment needs 1-2 sessions to reset before the next leg up,” Dixena said.
Rupee weakens against dollar
The Indian rupee ended weaker at 94.66 per dollar, compared with its previous close of 94.54 per dollar.Dilip Parmar, research analyst at HDFC Securities, attributed the currency pressure to global risk aversion and strong demand for the US dollar.“Indian rupee depreciated for the third consecutive session, weighed down by persistent safe-haven flows into the greenback and strong corporate dollar demand. Broader risk-off sentiment across global markets continues to keep the domestic currency under pressure,” Parmar said.According to Parmar, the USD/INR pair faces immediate resistance at 95.10, while a fall below 94.40 would act as a key support level.