IT, FMCG, Auto drag markets down, Sensex falls 625 points

The domestic share market indices traded lower on Tuesday as weak global cues from the US and Asia weighed on sentiment, dragging down financial and IT shares. At close, the Sensex was down 624.82 points or 0.76 percent at 81,551.63, and the Nifty was down 174.95 points or 0.70 percent at 24,826.20. About 1893 shares advanced, 1898 shares declined, and 137 shares remained unchanged.
Ultratech Cement, ITC, Tata Motors, and NTPC were the top losers on the Nifty while Nifty PSU Bank and Nifty Realty were the top gainers ,up 0.25 percent each.Also the Defense index outperformed, rallied over 1 percent, whereas intraday profit booking was seen in selective Auto, Banking, and IT stocks, according to information. The broader market was more resilient, with the Nifty Midcap 100 down just 0.3 percent and the Nifty Smallcap 100 inching up 0.07 percent.
Rupee Close:
On 27 May'25,the Indian rupee depreciated 27 paise to close at 85.37  against the US dollar on Tuesday, tracking a recovery in American currency index, negative domestic equity market and muted foreign fund inflow.According to forex analysts, investors also moved cautiously awaiting domestic industrial and manufacturing production data for April as well as the first quarter GDP growth numbers to be released this week.
Trading Guide:
Since mutual funds are sitting on sizeable cash, any dip will be bought into, and high valuations will trigger selling on rallies. A sustained rally will happen only when leading indicators suggest a revival in earnings growth. That is some time away," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, reportedly stated. "An important trend in the market now is the slow accumulation in rate-sensitive sectors like autos in anticipation of more rate cuts, which are almost sure to happen since inflation is trending down," he added. Market experts recommended five shares to buy-GNFC, Olectra Greentech, KEC International, Modison, and Finolex Industries.

(Business Correspondent)