Indices recoup losses; realty & telecom gain, IT & banks drop

THE EQUITY INDICES recovered early losses and ended muted on Tuesday.

- KISHOR KADAM

After opening with a 370-point gap down, the Sensex witnessed a steady recovery on selective buying in heavyweight stocks. The index closed down 12.85 points at 74,102.32. The Nifty, too, erased intraday losses of over 140 points and closed with a gain of 37.60 points at 22,497.90.

The gap-down opening was a fallout of the weak global market sentiment after Goldman Sachs lowered its 2025 US GDP forecast from 2.4% to 1.7%, citing a weaker economic outlook. This triggered broad-based selloffs in global and Asian markets.