Indian equity benchmarks traded lower in mid-session on Tuesday, weighed down by sharp selling in the information technology sector.
The BSE Sensex settled at 76,668.21, reflecting broader market volatility as investors rotated away from tech names.
Maruti Suzuki shares surged nearly 5%, outperforming the wider market and highlighting investor appetite for domestic consumption plays amid tech weakness.
The Nifty 50 also struggled to maintain earlier gains, slipping into negative territory shortly after opening.
The market move was characterized by significant sector divergence.
While IT stocks faltered, dragging down the broader index, the automotive sector provided a counterweight.
Maruti Suzuki shares surged nearly 5%, outperforming the wider market and highlighting investor appetite for domestic consumption plays amid tech weakness.