Stock Market Today: The Indian stock market witnessed a huge decline today. On Tuesday, the major indices Sensex and Nifty fell by more than 1 percent, causing concern among investors. Apart from this, there was selling pressure in most sectors.

No relief in any sector!

There was a sell-off in the stock market on Tuesday, where all sectors except IT and real estate suffered losses. Major sectors like auto, financial services, PSU banks, metal, pharma, and energy witnessed a huge decline.

The Sensex closed at 78,675.18, down 820.97 points or 1.03 percent. At the same time, the Nifty closed at 23,883.45, down 257.85 points. Apart from this, Nifty Bank also fell by 1.39 percent and closed at 51,157.80.

Which stocks fell?

Many big stocks in the Sensex pack suffered heavy losses today. These included names like NTPC, HDFC Bank, SBI, Tata Motors, Maruti, and Bajaj Finance. These stocks declined by 2-3 percent, causing losses to investors. However, some stocks like Sun Pharma, Infosys, and ICICI Bank saw gains.

Reason for FII selling

According to experts, the selling by FII (Foreign Institutional Investors) has put pressure on the domestic market. Apart from this, the strength of the dollar in the US and the policies of "Trumponomics" affected the markets globally. Due to these factors, the Indian stock market also declined.

Relief in the rupee position and oil prices

The Indian rupee also weakened and fell by 0.01 rupee to close at 84.40. However, the fall in crude oil and gold prices has provided some relief. This may help in improving India's import bill to some extent.

It is worth noting that a mixed trend is seen in the market today. Due to foreign selling and the strength of the dollar, there was a huge decline in the Indian market. But the fall in crude oil prices gave some relief to the rupee.