Markets weaken, Nifty drops below 24,600 on first Tuesday expiry

The Indian equity benchmarks, Sensex and Nifty, gave up early gains on first Tuesday expiry session, and ended on a negative note led by losses in financial and banking shares, even as the broader markets managed gains.At close, the Sensex was down 206.61 points or 0.26 percent at 80,157.88, and the Nifty was down 45.45 points or 0.18 percent at 24,579.60. About 2396 shares advanced, 1539 shares declined, and 123 shares unchanged.
On the sectoral front, Nifty FMCG led the gainers with a 1.1 percent rise, followed by Nifty Media and Nifty Energy higher by 0.99 percent, and Metals adding 0.9 percent. Realty, PSU Bank, and Infra also posted modest gains. On the downside, Auto slipped 0.24 percent and Pharma fell 0.23 percent, according to information.
Rupee Close: 
On 2 Sep'25,On 2 Sept'25, the Indian rupee depreciated approximately 4 paise to close at 88.16 against the US dollar on Tuesday, according to information.
Trading Guide: 
VK Vijayakumar, Chief Investment Strategist, Geojit Investments stated,global geopolitics and power equations are changing at a fast and furious pace. India-US relations have deteriorated and normalcy appears difficult in the near future. More actions from the unpredictable US administration are likely. The consequences on the Indian economy and markets cannot be ascertained now," "Investors should wait and watch for developments to unfold. Meanwhile, investments can be focused on domestic consumption plays which are on sound footing. There are clear signs of the Indian economy bouncing back as reflected in the Q1 GDP numbers," he added.
Market experts recommended five stocks to buy on Tuesday-Kaynes Technology India, Aries Agro, Tourism Finance Corporation of India, Gabriel India, eClerx Services Limited.

(Business Correspondent)