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2025-05-06 04:30:51 pm | Source: Prabhudas Lilladher Capital Ltd
Perspective On markets by Mr. Vikram Kasat, Head - Advisory, PL Capital
Perspective On markets by Mr. Vikram Kasat, Head - Advisory, PL Capital

Below the Perspective On markets by Mr. Vikram Kasat, Head - Advisory, PL Capital

 

“Indian equity markets ended lower on Tuesday, with both benchmark indices slipping into the red amid broad-based selling pressure. The Nifty50 closed below the 24,400 mark, while the Sensex lost over 150 points, dragged down by weakness in financials, realty, and energy stocks. Sentiment remained weak throughout the session, with limited support from global cues and profit-booking seen in recent outperformers. yashLosses were led by Adani Enterprises, Jio Financial, Eternal, Trent, and SBI Life, which saw sharp declines on the Nifty. In contrast, select counters like Hero MotoCorp, Tata Steel, Bharti Airtel, M&M, and HUL managed to stay resilient, offering limited cushion to the indices.

Sectoral performance was largely negative. The PSU Bank index tanked 5%, Realty fell over 3%, and pharma, power, media, and durables dropped between 1–2.6%. The broader market mirrored this pressure, with the BSE Midcap and Smallcap indices shedding 2% each. The rupee also weakened, ending 19 paise lower at 84.43 against the dollar. Meanwhile, Ather Energy made a muted debut on the bourses. After a marginally positive listing, the stock reversed gains and closed nearly 6% lower than its issue price, reflecting tepid investor interest in the newly listed EV player.”

 

 

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