The BSE Sensex closed 297.07 points lower (0.36%) at 82,029.98, while the NSE Nifty50 ended 81.85 points down (0.32%) at 25,145.50.
In the broader market, the mood was clearly cautious — Nifty Midcap 100 fell 0.75%, while Smallcap 100 slipped 0.89%, showing that traders preferred to stay defensive ahead of earnings and global events.
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Impact on the stock market
Sector-wise performance
- Nifty PSU Bank (-1.52%) emerged as the biggest loser, reflecting weakness in state-run lenders.
- Nifty Consumer Durables and Nifty Media also dropped sharply.
- On the flip side, Nifty IT and Financials managed to stay relatively stable, supported by selective buying in frontline tech and banking names.
| Sector/Index | Performance |
| IT & BPM sector | -0.33% |
| Healthcare sector | -0.44% |
| Oil & Gas sector | -0.76% |
| Real estate sector | -0.94% |
| PSU Bank in India | -1.52% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Max Healthcare | 1,161.50 | 1.59 |
| Wipro | 248.72 | 1.46 |
| Tech Mahindra | 1,468.00 | 1.18 |
| Apollo Hospital | 7,759.00 | 1.15 |
| HCL Tech | 1,504.10 | 0.63 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Tata Motors | 395.45 | -40.15 |
| Dr Reddys Labs | 1,237.30 | -1.99 |
| Bajaj Finance | 1,019.15 | -1.70 |
| TCS | 2,960.30 | -1.56 |
| NTPC | 336.65 | -1.48 |
Market aftermath: Impact on stocks
Anand Rathi Wealth rallies 13% on strong Q2 results
The day’s biggest cheer came from Anand Rathi Wealth, whose shares surged over 13% after the company reported a 31% year-on-year jump in consolidated net profit for Q2 FY26, touching ₹99.9 crore.
Revenue from operations rose 23% YoY to ₹297.37 crore, and Assets Under Management (AUM) grew 22% YoY to ₹91,568 crore. The firm also declared a ₹6 interim dividend per share for FY26.
Investor enthusiasm was backed by a healthy Return on Equity (45%), EPS growth of 31%, and strong mutual fund inflows (up 101% YoY).
At its intraday high of ₹3,321.40, the stock was among the top gainers on the Nifty 500 index. Even after cooling off, it remained 8% higher at ₹3,159, extending its stellar 76% rally over the past six months.
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Anant Raj slips 4% after ₹1,100 crore QIP
In contrast, Anant Raj Ltd fell 3.8% to ₹659.35, following news of its ₹1,100 crore qualified institutional placement (QIP) at a 4.86% discount to the floor price. The shares were issued at ₹662 each, with 1.66 crore shares allotted to institutional investors.
The issue attracted strong demand from global giants such as Societe Generale (19.5%), BNP Paribas (11.7%), and Morgan Stanley Asia (10.4%).
The company aims to use the funds to accelerate its data centre and cloud infrastructure expansion, targeting USD 1 billion in revenue by FY32.
However, despite the growth potential, the stock has fallen 7.4% in the past five sessions and 23% year-to-date, reflecting short-term pressure amid fund-raising activity.
Hindustan Zinc drops 5% from day’s high as silver corrects
Hindustan Zinc saw a dramatic reversal during the session. After initially rising 4% to ₹525.80, the stock plunged nearly 5% intraday, closing in the red around ₹499.80.
The fall came as silver prices corrected after touching record highs on the MCX at ₹1,62,700/kg. Prices later dropped more than 5% to ₹1,54,111/kg, prompting profit booking among traders.
As India’s largest silver producer, Hindustan Zinc’s stock tends to move in tandem with the metal’s price. Despite the dip, the stock remains up 13% in 2025, and analysts still see long-term upside driven by industrial demand and investment flows into silver.
Commodity expert Riya Singh of Emkay Global noted that silver’s rally is backed by tight global supply, strong festival demand, and rotation out of the dollar — though she cautioned that “even small pullbacks could trigger quick corrections.”
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Crude oil stays steady amid hopes of US–China talks
In the commodities market, crude oil traded flat on Tuesday, holding steady after Monday’s mild rebound.
- Brent December futures were at $63.36/barrel (+0.06%)
- WTI November futures stood at $59.52/barrel (+0.05%)
- On India’s MCX, October crude traded at ₹5,290/barrel, marginally lower by 0.25%
The market found some comfort after reports that US President Donald Trump may meet Chinese President Xi Jinping in South Korea later this month to ease trade tensions.
OPEC’s latest monthly report maintained its 2025 global demand forecast at 1.3 million barrels/day, with India, China, and Other Asia expected to drive non-OECD demand.
Meanwhile, on the NCDEX, turmeric surged 4% to ₹13,366, and guargum rose 1.71% to ₹9,300, signalling strong agricultural momentum.
Conclusion
Tuesday’s trade reflected a mix of expiry pressure, selective profit-taking, and stock-specific moves. While Anand Rathi Wealth’s strong results lifted market mood briefly, Anant Raj’s discounted fundraising and Hindustan Zinc’s silver-led fall weighed on sentiment.
With Sensex and Nifty down for the second straight session, the markets appear to be consolidating after a strong run-up earlier this month.
Going forward, investors will watch for Q2 earnings cues, global trade developments, and metal price trends for direction. For now, the message from Tuesday’s session is clear — the bulls are catching their breath, but they’re far from out of the race.
For more stock market insights, check out the StockGro blog.
