Nifty slips below 25,750, Sensex down 250 pts amid volatility

The domestic market traded on a negative note on Tuesday amid selling pressure in auto, consumer durables, pharma and realty stocks.At close, the Sensex was down 250.48 points or 0.30 percent at 83,627.69, and the Nifty was down 57.95 points or 0.22 percent at 25,732.30. About 1870 shares advanced, 1942 shares declined, and 158 shares unchanged.
ONGC, Tech Mahindra, Eternal, ICICI Bank, Hindalco Industries were the top gainers on the Nifty, while losers included Trent, L&T, Dr Reddy's Labs, Reliance Industries and Interglobe Aviation.On the sectoral front, IT, media, PSU Bank, metal ended in the green, while FMCG, capital goods, consumer durables, pharma, realty fell between 0.3-0.5 percent.BSE Midcap index shed 0.2%, while smallcap index rose 0.5%.
Rupee Close:
On 13 Jan'26,the Indian rupee declined 4 paise to close at 90.21 against the US dollar on Tuesday, weighed down by higher crude oil prices, a firm American currency and incessant outflow of foreign funds.Analysts said geopolitical tensions and weak equity markets also put pressure on the Indian currency.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated, domestic equities experienced a downturn due to renewed concerns about potential U.S. tariffs on countries trading with Iran, overshadowing the initial optimism from the newly appointed U.S. ambassador's positive statements on the trade deal. Investor sentiment remained cautious amidst the rupee's weakness, rising crude prices, higher U.S. bond yields, and persistent FII outflows.On a brighter note, India’s December CPI remained within the RBI’s target range, reinforcing expectations of future rate cuts. However, the Q3 earnings season commenced on a subdued note, with lackluster results from a leading IT major. Profit booking was prevalent across most sectors, though small-cap stocks showed notable gains.
Market experts recommended five shares to buy on Tuesday- Fedbank Financial Services, Asian Paints, Nestle India, Alkem Laboratories, and Union Bank of India.

(Business Correspondent)