Stock market today: BSE Sensex, Nifty50 settle flat after recouping losses; IndusInd Bank tanks 27%

Stock market today: The BSE Sensex recovered substantially to end marginally lower in a volatile trading session on Tuesday, despite IndusInd Bank's 27 per cent decline and global market concerns over US recession. The BSE Sensex closed at 74,102.32, down by 12.85 points or 0.02 per cent, with 15 constituents declining. The index initially dropped 451.57 points to 73,663.60 before recovering to near-flat levels.
Late buying in prominent stocks like ICICI Bank, Reliance and Airtel contributed to the recovery, according to market observers.
The NSE Nifty finished at 22,497.90, gaining 37.60 points or 0.17 per cent, after rebounding from daily lows. The index reached a peak of 22,522.10, up by 61.8 points.
IndusInd Bank shares dropped to Rs 655.95 on BSE, following discrepancies reported in its derivatives portfolio.
The Mumbai-based bank's stock hit a 52-week low of Rs 649, declining 28 per cent during trading hours, becoming the biggest decliner among Sensex components.
Major decliners in the Sensex included Infosys, Bajaj Finserv, Mahindra & Mahindra, Zomato, Hindustan Unilever, Power Grid, Axis Bank, UltraTech Cement, Adani Ports, and Tata Consultancy Services.
Sun Pharmaceuticals, ICICI Bank, Bharti Airtel, HCL Technologies, Maruti Suzuki India, Larsen & Toubro, Reliance Industries, Kotak Mahindra Bank and Titan emerged as gainers.
"Despite significant sell-offs in the US and other Asian markets driven by concerns over an economic slowdown caused by the ongoing trade war, the domestic market is showing signs of a gradual recovery.
"Its relatively lower volatility can be attributed to a moderation in valuations, following recent corrections, along with supportive factors like falling crude oil prices, an easing Dollar Index, and expectations of a rebound in domestic earnings," Vinod Nair, Head of Research, Geojit Financial Services, said.
The focus remains on forthcoming retail inflation data for insights into potential interest rate adjustments, Nair noted.
Ajit Mishra of Religare Broking Ltd observed that markets remained volatile but closed marginally positive amid mixed indicators, with selective buying in heavyweight stocks helping overcome initial losses.
US President Donald Trump's inconsistent tariff policies have begun affecting US markets, with indices falling up to 4 per cent on Monday, according to analysts.
The BSE Smallcap index declined 0.70 per cent, whilst the midcap index rose 0.72 per cent.
Among sectoral indices, Realty, Telecommunication, Energy, Oil & Gas, Commodities, Consumer Discretionary, Healthcare, Capital Goods, Consumer Durables and Metal showed gains.
FMCG, IT, Utilities, Auto, Bankex, Teck and Focussed IT declined.
BSE saw 2,506 stocks decline, 1,466 advance and 119 remain unchanged.
Despite negative closing, BSE-listed firms' market capitalisation increased by Rs 39,721.99 crore to Rs 3,94,25,540.72 crore (USD 4.51 trillion).
Asian markets showed mixed results, with Tokyo and Seoul declining, Hong Kong flat, and Shanghai positive. European markets traded mostly higher mid-session.
US markets dropped 4 per cent in Monday's trading.
Brent crude increased 0.71 per cent to USD 69.77 per barrel.
FIIs sold equities worth Rs 485.41 crore, while DIIs purchased equities worth Rs 263.51 crore on Monday, per exchange data.
On Monday, the BSE Sensex fell 217.41 points to 74,115.17, while Nifty declined 92.20 points to 22,460.30.