Stock Market Closing: The impact of America-Iran tension! Sensex fell by 238 points, Nifty also closed in red zone

Stock Market Closing: Stock market decline continues, Sensex falls 238 points

Market cautious amid global tensions
The decline in the Indian stock market continued on Tuesday. The effect of rising tension between America and Iran is being seen on the global markets and it has also affected the local stock market. Both the Sensex and Nifty traded in the red throughout the day as investors showed a cautious attitude. Major indices fluctuated in a narrow range during trading.

Sensex and Nifty closed lower
By 3 pm, the BSE Sensex was trading down 225 points, or 0.29 percent, at 77,483.70. On the other hand, the NSE Nifty50 was also down 48 points or 0.20 percent at 24,191. Both the major indices remained in the red at market close. The Sensex closed down 238.41 points at 77,470.48, while the Nifty50 closed down 50.80 points at 24,187.70.

Sell-off in Infosys, HDFC Bank and Max Healthcare
Infosys, HDFC Bank and Max Healthcare Institute were the top losers in the Nifty50 index. The selling pressure in these stocks affected the overall market movement. However, not all stocks showed weakness and buying trend was also seen in some sectors.

Cement stocks rally, IT and auto sectors under pressure
The broader market showed strength despite declines in headline indices. The Nifty Midcap and Nifty Smallcap indices rose by around 0.09 percent and 0.26 percent respectively. Among the sectoral indices, Nifty Cement was the top performer, rising about 1 percent. On the other hand, Nifty IT and Nifty Auto indices remained under pressure. Investors will be keeping an eye on market direction in the coming session as well due to global geo tensions and cues from overseas markets.