Indian Market Closes Lower for Second Straight Day as Oil Surge Weighs on Sentiment
What Happened
Indian benchmark indices ended in the red on Tuesday, dragged down by rising crude oil prices and weak global cues. The Sensex fell 555 points (0.73%) to 75,577.58, while the Nifty 50 declined 144 points (0.61%) to close at 23,635.10, marking their lowest levels since mid-June.
Key Takeaways
Banking and financial stocks led the decline, with private banks witnessing heavy selling pressure. SBI Life, ICICI Bank and Axis Bank were among the top losers. On the other hand, pharma, healthcare and defence stocks outperformed, helping broader markets stay resilient.