FPJ News Service mumbai

Market consolidation continued for the fourth consecutive day on Monday as tariff headlines, a subdued start to the earnings season, heavy selling in IT shares and foreign fund outflows influenced investor sentiment.

Reflecting the cautious trend, the 30-share BSE Sensex lost 247.01 points to close at 82,253.46. During the day, it fell 490.09 points to 82,010.38 but recovered some of the losses towards the close. The 50-share NSE Nifty settled lower by 67.55 points to 25,082.30.

“Consolidation continued as the tariff headlines and a subdued start to the earnings season influenced investors to remain sensitive with valuation trading at three-year high. However, stock-specific action continued with sector-wise pick-up in healthcare, realty, consumer and discretionary, while IT remained the laggard due to the risk of earnings downgrades in FY26,” said Vinod Nair, head of research, Geojit Investments.

Asian Paints fell the most by 1.58%. Tech Mahindra, Bajaj Finance, Infosys, HCL Tech, Tata Consultancy Services, Larsen & Toubro and Tata Motors were among the top losers. Eternal, Titan, Mahindra & Mahindra and ITC were among the top gainers. The broader indices, however, outperformed the benchmark, with midcap and smallcap indices gaining between 0.71% and 1.04%.

In Asian markets, South Korea’s Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng settled in the positive territory while Japan’s Nikkei 225 index ended lower. European markets were trading in negative territory. European stocks slipped on Monday in response to US President Donald Trump’s threat of 30 per cent tariffs on the EU, the latest escalation of his trade war. Germany’s Dax index was down 0.7 per cent while France’s Cac 40 fell 0.5 per cent.  The broad Stoxx Europe 600, which includes non-EU markets such as the UK, fell 0.3 per cent. Global oil benchmark Brent crude climbed 0.99% to $71.06 a barrel.