There was a lot of ups and downs in the Indian stock market on Tuesday. After trading with gains throughout the day, the market mood completely deteriorated in the last 30 minutes. Sensex and Nifty, which were trading with gains throughout the day, fell just before the close; Sensex fell by about 220 points and Nifty by 72 points. Apart from this, a huge fall of 12% in the shares of Tata Group company Trent also affected the market mood.
**Sensex and Nifty closed with decline**
On Tuesday, BSE Sensex closed at 78,180.72 points, while NSE Nifty closed at 24,398.70 points. All-round selling pressure was seen in the market. A total of 1,492 shares advanced, while 2,554 shares declined; There was no change in 155 shares. Weakness was also seen in midcap and smallcap stocks, with the Nifty Midcap 100 index down 0.4% and the Smallcap 100 index down 0.6%.
**Pressure on metal and realty stocks**
Maximum weakness was seen in metal and realty sectors. The Nifty Realty index fell by about 1.5% and the Metal index by about 1%. Selling pressure was also seen in pharma, media, energy and infrastructure sectors. However, the IT sector showed strength; Nifty IT index was the best performing index, gaining 2.4%. Good buying was seen in stocks like Infosys, Tech Mahindra and HCL Tech.
**Trent shares fall by 12%**
Shares of Tata Group’s retail company Trent fell by about 12% on Tuesday. The company’s first quarter (Q1) earnings fell short of market expectations, leading investors to book profits. The fall wiped off about ₹17,700 crore from the company’s market capitalisation. Trent shares were up about 23% last month and are up about 50% from the March low; As a result, weak growth data disappointed investors, leading to a massive selloff in stocks.
Which stocks rose and which fell? Among Nifty stocks, Infosys, Tech Mahindra, HCL Technologies, Titan and SBI Life Insurance closed with gains. On the other hand, Trent, Adani Enterprises, Bharat Electronics (BEL), Adani Ports and Cipla were the biggest losers.
