On Tuesday, Nifty 50 closed 1.25% down at 24,472.10. Only 1 stock gained while 49 ended in the red.

ICICI Bank topped the chart with a modest increase of 0.67%, closing at ₹1267.5, up from its previous close of ₹1259.05.

Top Gainer

Stock	Current Price	Last Close	% Change
ICICI Bank	₹1267.5	₹1259.05	0.67%

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Conversely, Adani Enterprises saw a significant drop of 3.88%, bringing its closing price down to ₹2823.8 from ₹2937.65.

Bharat Electronics and M&M also faced notable decreases of 3.77% and 3.70% respectively. Coal India and Tata Steel made up rest of the list with a 3.51% decline and 2.99% decline respectively.

Top 5 Losers

Stock	Current Price	Last Close	% Change
Adani Enterprises	₹2823.8	₹2937.65	-3.88%
Bharat Electronics	₹271.65	₹282.3	-3.77%
M&M	₹2887.2	₹2998.2	-3.70%
Coal India	₹468.35	₹485.4	-3.51%
Tata Steel	₹150.39	₹155.03	-2.99%

Vinod Nair, Head of Research, Geojit Financial Services said, ” Bearish sentiment continued to dominate the domestic market today amid heightened volatility, with small and midcap stocks taking the biggest hit. The recent sharp rise in US bond yields signals diminished expectations for aggressive rate cuts by the US Fed, also affecting fund flows to EMs. In the short term, this bearish outlook may persist due to sluggish earnings growth trends.

However, the RBI’s latest bulletin upholds India’s GDP growth forecast of 7.2% for FY25, suggesting that the Q2 slowdown is temporary, with festive season consumption expected to rebound and ease the pressure on earnings downgrades.”

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