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Stock market today: The Indian stock market ended lower on Tuesday, September 23, with frontline indices, the Sensex and the Nifty 50, extending losses to their third consecutive session as concerns over an H-1B visa fee hike and uncertainty over India-US trade talks continued weighing on sentiment. However, expectations of favourable growth-inflation dynamics amid GST reforms, a normal monsoon, and interest rate cuts limited losses for the markets.

The Sensex closed at 82,102.10, down 58 points, or 0.07 per cent, while the Nifty 50 settled at 25,169.50, down 33 points, or 0.13 per cent. The mid and small-cap segments underperformed as the BSE Midcap and Smallcap indices fell 0.29 per cent and 0.35 per cent, respectively.

The overall market capitalisation of BSE-listed firms stood at below ₹464 lakh crore from slightly over ₹465 lakh crore in the previous session, making investors poorer by over ₹1 lakh crore in a single session.

Domestic market sentiment has turned weak due to lingering uncertainty over the India-US trade talks. While both nations remain engaged in reaching a deal, US President Donald Trump's surprise H-1B visa fee hike has raised concerns that a collapse of trade talks could result in more aggressive similar moves from the US administration.

As many as 31 stocks ended in the red in the Nifty 50 index, Tech Mahindra (down 2.16 per cent), Trent (down 2.11 per cent), and SBI Life Insurance Company (down 2 per cent) being the top losers.

Shares of IndusInd Bank (up 2.82 per cent), Axis Bank (up 2.24 per cent), and Bajaj Finance (up 1.93 per cent) ended as the top gainers in the Nifty index.

Nifty FMCG, Realty, and IT indices ended as the top losers, falling up to a per cent. On the other hand, Nifty PSU Bank and Metal indices rose by a per cent each.

Nifty Bank index rose by 0.41 per cent, while the Financial Services index ended 0.12 per cent higher.

"Sector-wise, autos, metals, and financials gained on signs of robust festive demand post-GST cuts, while FMCG and realty stocks came under pressure from profit booking," said Vinod Nair, Head of Research, Geojit Investments Limited.

Vodafone Idea (128.6 crore shares), Adani Power (19.25 crore shares), and YES Bank (8.24 crore shares) were the most active stocks in terms of volume on the NSE.

Banaras Beads, Emkay Global Financial Services, Brand Concepts, and Risa International were among the 12 stocks that jumped over 15 per cent on the BSE.

Out of 4,311 stocks traded on the BSE, 1,797 advanced, while 2,354 declined. Some 160 stocks remained unchanged.

Despite weak market sentiment, as many as 173 stocks, including Maruti Suzuki India, Tata Steel, Adani Power, Bajaj Finance, Canara Bank, Eicher Motors, and JSW Steel, hit their 52-week highs in intraday trade on the BSE.

SpiceJet, Symphony, Praj Industries, Pidilite Industries, and Crompton Greaves Consumer Electricals were among the 66 stocks that hit their 52-week lows on the BSE.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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