Overview

• Benchmark indices slipped for a second session, with Sensex down 239.31 points to 81,312.32 and Nifty falling 73.75 points to 24,752.45.
• ITC shares fell over 3% following British American Tobacco’s block deal to offload a 2.3% stake.
• Selling pressure spread beyond FMCG, with financial, IT and auto stocks also dragging the market lower.
• Foreign institutional investors remained net buyers, purchasing equities worth Rs 348.45 crore on Tuesday.
• Analysts warn that markets could stay choppy ahead of industrial output and GDP releases and face technical resistance near the 24,980-25,100 band.