Indian stock markets maintained a tepid tone during mid-morning trading on Tuesday, with benchmark indices showing marginal declines as investors digested recent economic developments and awaited key macroeconomic data releases.

The Sensex, which opened higher at 81,575.96, slipped to 81,451.35, reflecting a modest 0.07 per cent decline. Similarly, the Nifty 50 index retreated 0.11 per cent to 24,591.25, after opening at 24,652.65. The morning’s positive sentiment, characterized by initial gains, gradually moderated as sector-specific movements emerged.

Sectoral indices displayed mixed performance, with the Nifty Next 50 showing resilience by gaining 0.26 per cent to 72,899.55. The Nifty Midcap Select index also demonstrated strength, rising 0.42 per cent to 13,042.75. The Nifty Bank and Nifty Financial Services indices registered marginal upticks of 0.10 per cent and 0.13 per cent, respectively.

Market breadth indicated a balanced trading environment. Of the 3,995 stocks traded on the BSE, 1,961 advanced while 1,885 declined. Notably, 266 stocks touched 52-week highs, and 14 hit 52-week lows. Interestingly, 346 stocks were in the upper circuit, while 195 were in the lower circuit.

Among individual stocks, Shriram Finance led the gainers, surging 2.22 per cent, followed by Wipro at 1.86 per cent, Infosys at 1.47 per cent, Bajaj Finserv at 1.35 per cent, and HCL Tech at 1.31 per cent. Conversely, Dr. Reddy’s emerged as the top loser, dropping 1.66 per cent, accompanied by Bharti Airtel at -1.65 per cent, Trent at -1.63 per cent, Adani Ports at -1.39 per cent, and Adani Enterprises at -1.33 per cent.

With trading continuing, investors remain cautious, monitoring potential shifts in market dynamics. The ongoing session provides a snapshot of the market’s current sentiment, with further developments expected as the day progresses.

This mid-morning market update reflects the nuanced trading landscape, characterized by subtle movements across various sectors and individual stocks.