Following a flat opening, the Nifty was volatile throughout the day ending in a negative close on Monday.
For investors, the market is buys on dips with a strict stop loss of 19500, and if the Nifty closes below the indicated level, we can expect more profit booking, says Deven Mehata, Equity Research Analyst, Choice Broking.
The market has traded negative with the Sensex losing 0.45 percent and closed at 66384.78 and Nifty was down by 0.37 percent intraday and closed at 19672.35 levels whereas Bank Nifty was down by 0.33 percent and settled at 45923.05, he said.
Among sectors Nifty Auto and Nifty Pharma and Nifty PSE ended in green while Nifty Metal, Nifty FMCG and Nifty Consumption ended on the lower side.
In Nifty stocks, Indusind Bank, M&M and Dr Reddy Labs were the top gainers while ITC, Kotak Mahindra Bank and Reliance were the prime laggards, he said.
Vinod Nair, Head of Research at Geojit Financial Services said volatility has re-emerged as initial Q1 results are below the expectations.
Sector wise setbacks were experienced in IT and FMCG, unveiling weak demand and high input costs. Banks are mixed while Pharma stocks are withholding the volatility in anticipation of a better demand from developed economies, reduction in US pricing issues and expansion in operating margins, he said.
Investors are also watchful of the upcoming FOMC meeting, addressing rate hike and quantitative tightening measures, which could have an implication on FIIs inflows.
S Ranganathan, Head of Research at LKP Securities said as expectations are getting reset in sync with the first quarter earnings that are underway, we witnessed profit booking post earnings and news flows today in heavy weights as well as financials. Investors need to be mindful of cuts in stock prices if eventual outcomes on earnings fail to match up with expectations.
PM Modi congratulates CBSE students, says 'one exam can never define you'
Prime Minister Narendra Modi on Tuesday congratulated lakhs of students across India who appeared for the Class 10 and 12 Board examinations, as the Central Board of Secondary Education (CBSE) announced the results.
Defence Minister Rajnath Singh reviews security with top officials, chiefs of forces
A day after Prime Minister Narendra Modi outlined the new normal in the country’s tough anti-terror policy, Defence Minister Rajnath Singh on Tuesday reviewed the security situation with top officials and chiefs of forces.
CBSE Class 10 results declared; girls outperformed boys once again
The Central Board of Secondary Education (CBSE) announced the Class 10 Board exam results for 2025 on Tuesday. This year, an impressive 93.66 per cent of students passed the examination. Over 23 lakh students appeared for the exam, which was held at 7,837 centres across 26,675 affiliated schools.
Chinese missile maker's stock tanks over 6 pc after India destroys its air weapon
The shares of Zhuzhou Hongda Electronics Corp Ltd, the Chinese defence company that manufactures the PL-15 missile, dropped sharply by 6.42 per cent or 2.56 Yuan to 37.33 Yuan on Tuesday, after India's air defence system successfully intercepted and destroyed the missile during the conflict with Pakistan.
Three terrorists killed in J&K gunfight
Three terrorists were killed on Tuesday in a gunfight with the joint forces in Keller area of Jammu and Kashmir's Shopian district. V. K. Birdi, IGP (Kashmir), told reporters that three terrorists have been killed.
CBSE announces Class 12 result; pass percentage 88.39 per cent
The Central Board of Secondary Education (CBSE) on Tuesday declared the results for the Class 12 examinations, in which girls once again outperformed boys.
India is eternally grateful to armed forces: PM Modi visits Adampur Airbase after 'Operation Sindoor'
Prime Minister Narendra Modi on Tuesday morning visited the Adampur Airbase in Punjab to meet Indian Air Force personnel and express the nation's gratitude for their courage and fearlessness in defending the country.
Devotees throngs Venuban Vihar; meditates and offer prayer to Lord Buddha
Along with the rest of the world, Buddha Purnima was observed here at Agartala with a traditional fervour to mark not only the day when Gautam Buddha was born, but also the day when he attained Nirvana under the Mahabodhi tree at Bodh Gaya.