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Below the Perspective on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital

"Indian equities ended Tuesday’s volatile session flat with a negative bias as gains in banking, auto and metal stocks were offset by losses in FMCG, IT and select heavyweight counters. Caution prevailed amid rupee weakness, foreign outflows and global policy concerns.

The Sensex slipped 58 points, or 0.07%, to close at 82,102, while the Nifty 50 lost 33 points, or 0.13%, to settle at 25,170. Market breadth remained weak, with 1,751 stocks advancing and 2,216 declining on the NSE.

Banks and metals lent support, with IndusInd Bank (+2.9%), JSW Steel (+2.4%) and Axis Bank (+2.3%) leading the Nifty gainers. Bajaj Finance, SBI, Adani Enterprises and Maruti Suzuki also ended higher. On the flip side, Trent (-2.4%), Tech Mahindra (-2.2%), SBI Life (-2.1%) and HUL (-1.8%) dragged indices lower.

Sectorally, Nifty Metal rose 1% on optimism over Chinese supply cuts and resilient domestic demand. Nifty Bank gained 0.5%, while PSU Bank climbed 1.1%. Auto stocks advanced 0.6% on festive demand cues.

The rupee hit a record low of 88.76 per dollar on sustained FPI selling, even as dovish Fed commentary supported global sentiment."

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