Markets slip into red mid-session as financial, metal stocks drag indices 

Indian equity benchmarks reversed early gains to trade lower by mid-session on Tuesday, dragged by weakness in metal and financial stocks. T | Photo Credit: peshkov

Markets reversed morning gains to trade lower by mid-session on Tuesday, with the Sensex down 464.71 points or 0.56 per cent at 81,862.34 and the Nifty 50 declining 132.80 points or 0.53 per cent to 25,094.55 as of 12.30 pm.

The 30-share Sensex, which opened at 82,404.54 against its previous close of 82,327.05, touched a high of 82,573.37 before falling to an intra-day low of 81,905.42. The Nifty 50 opened at 25,277.55 compared to its previous close of 25,227.35 and swung between 25,310.35 and 25,086.45 during the session.

Weak market breadth with more losers than gainers

Market breadth remained weak with 2,763 stocks declining against 1,206 advancing on the BSE. A total of 4,140 stocks were traded, while 171 remained unchanged. The session saw 115 stocks hitting 52-week highs and 123 touching 52-week lows, with 175 stocks in upper circuit and 145 in lower circuit.

Broader indices mirror the decline

Sectoral indices mirrored the weakness, with Nifty Next 50 declining 441.35 points or 0.64 per cent to 68,224.00, while Nifty Midcap 100 fell 476.45 points or 0.81 per cent to 58,409.00. Nifty Financial Services dropped 131.75 points or 0.49 per cent to 26,772.90 and Nifty Bank slipped 281.25 points or 0.50 per cent to 56,343.55.

Tata Motors, Tech Mahindra lead gainers; Bajaj Finance, Tata Steel slip

Among Nifty 50 stocks, Tata Motors emerged as the top gainer, rising 1.41 per cent to ₹405.65, followed by Tech Mahindra up 1.29 per cent at ₹1,469.60, Wipro gaining 1.10 per cent to ₹247.82, ONGC advancing 0.87 per cent to ₹246.22, and Max Healthcare climbing 0.72 per cent to ₹1,151.50.

On the losing side, Bajaj Finance led decliners with a 2.07 per cent drop to ₹1,015.25, followed by Tata Steel down 1.84 per cent at ₹169.85, Hindalco falling 1.71 per cent to ₹757.05, Axis Bank declining 1.69 per cent to ₹1,169.50, and Dr Reddy’s Laboratories slipping 1.51 per cent to ₹1,243.30.

The sell-off came despite a positive start to the session, with financial services and metal stocks bearing the brunt of the decline. Auto major Tata Motors bucked the broader trend, while IT stocks continued to provide support.

Published on October 14, 2025