Mumbai, Indian benchmark equity indices ended lower on Tuesday as weakness in information technology stocks weighed on investor sentiment, while market participants remained cautious ahead of the scheduled US-Iran talks in Doha later in the day.<\/p>\n\n\n\n
The Nifty declined 80.50 points, or 0.34 per cent, to close at 23,865.75. The Sensex also slipped 249.70 points, or 0.33 per cent, to settle at 76,478.67.<\/p>\n\n\n\n
Commenting on Nifty technical outlook, experts said that the 24,000 zone now emerges as the immediate resistance area.<\/p>\n\n\n\n
“A sustained move above this band will be essential to revive bullish momentum and could pave the way for a recovery towards the 24,100\u201324,200 region,” an analyst stated.<\/p>\n\n\n\n
“On the downside, the 23,800 level remains the immediate support, holding above these levels will be crucial to prevent further weakness and preserve the broader recovery structure,” a market expert mentioned.<\/p>\n\n\n\n
Within the Sensex pack, Maruti Suzuki, Titan, Bajaj Finance, Eternal, and Adani Ports were among the leading gainers.<\/p>\n\n\n\n
In contrast, Infosys, Tata Consultancy Services, HCL Technologies, Tech Mahindra, and Hindustan Unilever featured among the biggest losers on the same benchmark.<\/p>\n\n\n\n
Despite the weakness in the headline indices, broader markets outperformed. The Nifty MidCap index ended 0.37 per cent higher, while the Nifty SmallCap index gained 1.02 per cent.<\/p>\n\n\n\n
Among sectoral indices, the Nifty IT, Nifty Media, and Nifty PSU Bank emerged as the top losers, dragged down by selling pressure in technology and banking stocks.<\/p>\n\n\n\n
On the other hand, the Nifty Realty, Nifty Consumer Durables, and Nifty Chemical indices finished in positive territory, supported by sector-specific buying.<\/p>\n\n\n\n
Market experts said that investors also remained on the sidelines as they awaited the outcome of the US-Iran talks in Doha, with global geopolitical developments continuing to influence market sentiment.<\/p>\n\n\n\n
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