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Stock Market Closing Bell: Indian benchmark equity indices declined for a second consecutive session on Tuesday, weighed down by sharp losses in heavyweight stocks such as Reliance Industries (RIL) and Trent, which dampened investor sentiment.

At the close, the NSE Nifty 50 ended at 26,178.70, down 71.60 points or 0.27 per cent, while the BSE Sensex settled at 85,063.34, slipping 376.28 points or 0.44 per cent.

Selling pressure intensified after RIL shares registered their steepest intraday fall in over eight months, dropping more than 4 per cent amid reports that brokerage firm CLSA removed the stock from its India model portfolio. Shares of Trent, the Tata Group’s retail arm, tumbled 9 per cent following its third-quarter business update, emerging as one of the biggest drags on the benchmarks.

On the Sensex, Trent, Reliance Industries, Kotak Mahindra Bank, ITC, and HDFC Bank ended as the top losers, exerting significant pressure on the index. In contrast, ICICI Bank, Sun Pharma, Hindustan Unilever, State Bank of India, and Tata Consultancy Services provided some support, closing among the session’s top gainers.

Broader markets also remained under pressure. The NSE Nifty Midcap 100 declined 0.19 per cent, while the NSE Nifty Smallcap 100 ended 0.22 per cent lower, indicating cautious sentiment beyond frontline stocks.

Overall, market participants remained wary amid stock-specific sell-offs and persistent volatility, with investors preferring a cautious approach as they await further cues from corporate developments and global markets.

Shweta Birendra Shukla is a Senior Sub-editor at Zee Business, born and raised in Mumbai—the city that never sleeps and the financial capital that never stops buzzing.