Markets tumble over 1% amid broad-based sell-off & profit booking

The domestic markets continued their downward trajectory for the third consecutive session on Tuesday, pressured by weak global trends and persistent foreign institutional investor (FII) outflows. At close, Sensex was down 872.98 points or 1.06 percent at 81,186.44, and the Nifty was down 261.55 points or 1.05 percent at 24,683.90. About 1398 shares advanced, 2415 shares declined, and 127 shares remained unchanged.
The broad-based selloff was marked by Auto, Healthcare and Financial Services were the biggest losers on the Nifty. The broader market indices too were under pressure, with the Nifty Midcap 100 down 1.6 percent and Nifty Smallcap 250 lower by 0.9 percent, according to information.
Rupee Close:
On 20 May'25,the Indian rupee depreciated 21 paise to close at 85.63  against the US dollar on Tuesday, on weak domestic markets and a bounce back in US treasury yields.
Forex traders reportedly stated the recent surge in the US 10-year yield reflects mounting concerns over fiscal and monetary policies, driving borrowing costs higher. Foreign fund outflows and positive crude oil prices also weighed on the rupee. However, the weak US dollar index cushioned the downside, they said.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments reportedly quoted as saying,with the lack of major positive triggers and prevailing uncertainty over U.S. fiscal stability, investors opted for profit-booking and adopted a cautious stance. Selling pressure was widespread as participants awaited more clarity on the India-U.S. trade agreement. Given the current premium valuations and delays in the trade deal, we foresee a phase of short-term consolidation, which may lead FIIs to scale back their positions in the domestic market.
Market experts recommended five shares to buy -BASF India, Wheels India, Aarti Drugs, Inox Wind, and KPI Green Energy.

(Businass Correspondent)