India Markets Retreat After Two-Day Rally, Nifty Slips Below 24,900

Indian equity benchmarks snapped two-day gains to end lower on Tuesday, as the Nifty 50 fell below 24,900. 

The Sensex ended 624 points lower to close at 81,551, while the Nifty 50 fell 174 points to finish at 24,826.

The broader market showed some resilience, with the Nifty Midcap and Smallcap indices registering 0.1% gains.  

On the sectoral front, technology, FMCG, and auto stocks faced selling pressure, while real estate and PSU bank stocks managed to buck the downtrend.

Among notable stock movers, InterGlobe Aviation (IndiGo) shares ended 2% lower after its promoter sold a 5.7% stake through a block deal. 

Sagility India dropped 5% as its promoters announced plans to offload up to 15.02% stake through a two-day Offer for Sale (OFS)

Olectra Greentech tanked nearly 7% after the Maharashtra government reportedly cancelled an electric-bus order worth ₹10,000 crore. The company clarified that they have not received any cancellation notice yet. 

In the earnings corner, Raingate shares slumped 10% after issuing weak guidance for FY26.

Other stocks reacting negatively to earnings included Brainbees (FirstCry promoter), Bajaj Healthcare, TTK Prestige, and Blue Dart, all of which fell between 5% and 7% due to weak March quarter results. 

On the flip side, Bayer CropScience rallied 10% after posting a 49% jump in fourth-quarter profit.

Meanwhile, retail investor sentiment surrounding the Nifty 50 flipped to ‘bullish’ from ‘bearish’ yesterday on Stocktwits.

Globally, European markets traded higher, and Dow Futures pointed to a strong opening for Wall Street.

For updates and corrections, email newsroom[at]stocktwits[dot]com. 

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