Indian shares continued their decline for a second consecutive session on Tuesday, as renewed US-Iran tensions sparked broad-based selling across key sectors including banking, auto, and healthcare, signalling cautious investor sentiment amid geopolitical uncertainties.
Indian shares slipped for a second straight session on Tuesday as renewed US-Iran tensions kept investors cautious and triggered broad-based selling in bank, auto, realty and healthcare stocks. The Sensex closed 12.99 points lower at 76,944.28, while the Nifty finished down 24.60 points at 24,055.80, according to market data cited by the reports.
Analysts said the 24,150 to 24,200 band is now the immediate hurdle for the Nifty, with a decisive break above 24,200 seen as necessary to restore momentum. Until then, they said, rallies are likely to face pressure, while a sustained fall below the psychologically important 24,000 mark could open the way towards 23,900 to 23,800.
Among individual stocks, Shriram Finance, Maruti Suzuki India and InterGlobe Aviation were among the biggest drag on the benchmark. Broader market weakness added to the cautious tone, with the Nifty MidCap index falling 1.39% and the Nifty SmallCap index declining 0.23%, showing that selling extended beyond large-cap names.
Sector performance was mixed, but the pressure was concentrated in Nifty Healthcare, Nifty Auto, Nifty Realty and Nifty Pharma. FMCG and IT held up better and offered some support, yet traders remained focused on the same set of concerns seen in earlier Middle East-driven sell-offs: oil prices, global monetary policy expectations and foreign capital flows into emerging markets.
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