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Stock Market Today: The benchmark indices began Tuesday’s session with mild declines. Sensex opened at 85,042.37, slightly above its previous close of 84,950.95. The index soon slipped to 84,732.47, down 218.48 points, a fall of 0.26 per cent in early trade.

Nifty 50 started at 26,021.80 compared with the previous close of 26,013.45. The index moved lower to 25,955.35, down 58.10 points or 0.22 per cent.

All sectoral indices, except Nifty Media, opened in the red. Metal, Auto, IT, Bank, Pharma, Realty, FMCG and Consumer Durables led the decline in early trade.

Among the Sensex constituents, Bajaj Finance, Tata Steel, Bajaj Finserv, HCL Technologies, Kotak Mahindra Bank and L&T were the top laggards.

Axis Bank, Bharat Electronics, State Bank of India and Eternal were among the top gainers.

In the broader market, indices traded mixed.

The Nifty 100 declined 0.22 per cent, Nifty Midcap 100 slipped 0.19 per cent, and Nifty Smallcap 100 dropped 0.50 per cent, reflecting cautious investor sentiment.

Sectoral trends on the NSE were largely negative, except for Nifty PSU Bank which held steady.

Nifty Auto was down 0.37 per cent, Nifty IT fell 0.51 per cent, Nifty Pharma dipped 0.27 per cent, and Nifty Metal slid 0.75 per cent, signalling broad-based weakness.

On the technical front, sentiment stayed buoyant as Nifty maintained its upward momentum despite early declines.

Global cues remained negative.

Asian markets traded in the red, mirroring Monday’s declines in European and US markets.

Concerns over the sustainability of the crowded AI trade weighed on global sentiment after another negative US session. Investors are now focused on key US data releases and Nvidia’s results, which may shape near-term global direction.

Caution also increased after US Federal Reserve Governor Waller shifted the narrative from inflation risks to recession concerns, citing weakening labour market trends and other leading indicators.

As markets hover near record levels, traders remain alert to global developments and the potential for elevated volatility ahead.

Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

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