Share Market Today: Sensex Closes Under 76K, Nifty Marginally Lower

The Indian stock market ended trading on Tuesday in red. While the decline remained marginal, the indices settled in the negative territory. This decline was attributed to outflows from foreign investors and a slowdown in corporate earnings which dented the sentiment among investors.The BSE Sensex closed the session at 75,967.39, falling nearly 30 points, while the NSE Nifty50 ended trading under 22,950, clocking a marginal decline of 14 points. On the 30-share Sensex platform, NTPC, Tech M, Zomato, PowerGrid, and Kotak Mahindra Bank emerged as the gainers in the day. On the other hand, the laggards in the session included IndusInd Bank, UltraTech Cement, M&M, Hindustan Unilever, and TCS.In the broader markets, the Nifty Microcap 250 index plunged 1.99 per cent. Sectorally, the Nifty Consumer Durables settled in red and ended 1.36 per cent lower, followed by the FMCG index which closed 0.88 per cent down.Why Are Markets Down?Ameya Ranadive, Chartered Market Technician, CFTe, Senior Technical Analyst, StoxBox, said, "On Tuesday, the Indian blue-chip equity indices, Sensex and Nifty-50, closed with a slight decline, primarily due to a slowdown in earnings and concerns over ongoing foreign selling, which affected market sentiment."The foreign institutional investors (FIIs) dumped Indian equities worth Rs 3,937.83 crore on Monday, according to exchange data. In Asian markets, Hong Kong, Tokyo, and Seoul closed higher, while Shanghai settled in the negative territory. European markets quoted majorly lower, while the US markets remained closed on Monday to mark the occasion of 'President's Day'. The global oil benchmark Brent crude climbed 0.73 per cent to touch $75.77 a barrel. The Indian rupee depreciated 8 paise to settle at 86.96 (provisional) against the US dollar on Tuesday, weighed down by sustained foreign fund outflows and an uptick in the US Dollar index. Also Read : Bank Holiday Tomorrow: Are Banks Open Or Closed For Chhatrapati Shivaji Maharaj Jayanti? Check Here

The Indian stock market ended trading on Tuesday in red. While the decline remained marginal, the indices settled in the negative territory. This decline was attributed to outflows from foreign investors and a slowdown in corporate earnings which dented the sentiment among investors.

The BSE Sensex closed the session at 75,967.39, falling nearly 30 points, while the NSE Nifty50 ended trading under 22,950, clocking a marginal decline of 14 points. On the 30-share Sensex platform, NTPC, Tech M, Zomato, PowerGrid, and Kotak Mahindra Bank emerged as the gainers in the day.

On the other hand, the laggards in the session included IndusInd Bank, UltraTech Cement, M&M, Hindustan Unilever, and TCS. In the broader markets, the Nifty Microcap 250 index plunged 1.99 per cent.

Sectorally, the Nifty Consumer Durables settled in red and ended 1.36 per cent lower, followed by the FMCG index which closed 0.88 per cent down.

Why Are Markets Down? Ameya Ranadive, Chartered Market Technician, CFTe, Senior Technical Analyst, StoxBox, said, "On Tuesday, the Indian blue-chip equity indices, Sensex and Nifty-50, closed with a slight decline, primarily due to a slowdown in earnings and concerns over ongoing foreign selling, which affected market sentiment." The f oreign institutional investors (FIIs) dumped Indian equities worth Rs 3,937.83 crore on Monday, according to exchange data.

In Asian markets, Hong Kong, Tokyo, and Seoul closed higher, while Shanghai settled in the negative territory. European markets quoted majorly lower, while the US markets remained closed on Monday to mark the occasion of 'President's Day'. The g lobal oil benchmark Brent crude climbed 0.

73 per cent to touch $75.77 a barrel. The Indian rupee depreciated 8 paise to settle at 86.

96 (provisional) against the US dollar on Tuesday, weighed down by sustained foreign fund outflows and an uptick in the US Dollar index. Also Read : Bank Holiday Tomorrow: Are Banks Open Or Closed For Chhatrapati Shivaji Maharaj Jayanti? Check Here.