Market Overview: Sensex slips 174 pts, Nifty below 25,250; DMart declines 3%, Siemens sheds 2%

Indian benchmark indices Sensex and Nifty closed lower on Monday, dragged by IT stocks, as renewed trade frictions between the U.S. and China dampened investor sentiment. The decline followed U.S. President Donald Trump’s fresh tariff threats after Beijing intensified restrictions on rare earth exports. The S&P BSE Sensex dropped 173.77 points, or 0.21%, to close at 82,327.05, while the NSE Nifty 50 slipped 58 points, or 0.23%, to settle at 25,227.35. Among the 30 Sensex constituents,

, , , , and were the top laggards, falling between 1% and 2.7%. Broader markets ended on a mixed note, with the small-cap index down 0.2%, while mid-caps gained 0.1%. Rising tensions between Washington and Beijing rekindled concerns about sustained inflation and elevated U.S. interest rates. Higher Treasury yields tend to divert foreign capital from emerging markets like India, weighing on equities and currencies. Across sectors, IT stocks slipped 0.8% as investors turned cautious ahead of !HCL Tech’s Q2 results, which were announced post-market hours. The stock closed nearly unchanged. In the primary market, Tata Capital made a resilient debut, listing 1.23% above its issue price and ending the day 1.4% higher on its first trading session. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.