Sensex, Nifty end in red as metal and auto stocks pull markets down

Benchmark stock market indices closed lower on Tuesday amid high volatility dragged by a decline in metal and auto stocks.
The S&P BSE Sensex was down 152.93 points to close at 81,820.12, while the NSE Nifty50 lost 61.85 points to end at 25,066.15.
Vaibhav Vidwani, Research Analyst, Bonanza, said that the market sentiment was weighed down by inflation concerns and mixed global cues, despite some sectors like real estate showing resilience with a 2% gain.
“Heavy selling pressure was observed in the metals sector, which declined by 1.44%, reflecting broader economic anxieties. Meanwhile, the upcoming IPO of Hyundai Motor India garnered attention as it opened for subscription today, indicating ongoing investor interest in new market entries. Overall, the market closed on a cautious note as investors remained vigilant amid fluctuating global conditions and domestic economic indicators,” he added.