Nifty, Sensex Snap 4-Day Winning Streak as Metal, Realty Stocks Weigh on Markets

Indian benchmark equity indices slipped on Tuesday, breaking a four‑day rally, as losses in metal and realty shares cancelled out gains in IT and consumer‑oriented stocks.

Sensex fell 104.35 points (0.13%) to finish at 78,180.72; Nifty dropped 31.65 points (0.13%) to close at 24,398.70.

Analysts noted that the Nifty’s immediate resistance lies in the 24,500‑24,600 band, a critical zone for the next few sessions.

“On the downside, the 24,300 level is expected to provide immediate support, followed by the 24,200 zone, which remains a key demand area,” as per the analyst.

“Holding above these levels will be essential to preserve the prevailing bullish structure,” the expert stated.

Among the Nifty constituents, Titan Company, Tech Mahindra and HCLTech emerged as the top gainers, supported by strength in the IT and consumer durables segments.

The broader market also ended in the red, with the Nifty MidCap index falling 0.3 per cent and the Nifty SmallCap index declining 0.55 per cent.

On the sectoral front, the Nifty IT index outperformed the broader market, while the Nifty Consumer Durables and Nifty FMCG indices also ended with relative strength. In contrast, the Nifty Metal and Nifty Realty indices were the biggest laggards, dragging the benchmarks lower.

Experts said that the decline in metal and realty shares weighed on overall market sentiment, bringing an end to the benchmarks’ four-day gaining streak despite resilience in select technology and consumer stocks.

“With concerns around the US–Iran conflict and trade tariffs easing, market focus is shifting towards Q1FY27 earnings and the progress of the monsoon. Meanwhile, improving FII inflows and a stable rupee are expected to provide near-term support to overall market sentiment,” market expert mentioned.