The Sensex (INDEXBOM: SENSEX) slipped in early trade on Tuesday, dipping below the 82,000 mark as selling picked up in some of the most-watched stocks. The index opened with a soft tone and kept drifting as names like Tata Motors and ITC came under pressure. There’s no panic in the market, but you can tell buyers are being selective now, especially near last week’s highs.
Among the biggest drags was Tata Motors, which extended losses after the company’s annual report flagged a ₹38,892 crore global tax outgo for FY25. That figure spooked investors, especially after a strong run-up earlier this quarter. The stock is down over 1% intraday, contributing heavily to the index’s negative tone.
ITC dropped ahead of its May 28 dividend record date. The stock had recently touched fresh local highs, and the dip today reflects investor rotation out of dividend-capture trades. It remains one of the most searched stocks on the Sensex this week.
From a technical view, the Sensex looks tired just under that 83,683 level, traders keep watching. RSI has cooled, and momentum isn’t as convincing as it was earlier in the month. Unless something shifts, we might not see a clean breakout just yet. For now, dips toward 80,000 may attract attention if this slide stretches into Wednesday.
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Nestlé India Share Price Jumps Above ₹2,460 as Bulls Regain Control
Nestlé India opened strong on Tuesday and has pushed past the ₹2,460 mark, outperforming much of the broader market. The stock is catching attention after clearing a key resistance zone near ₹2,453, a level it has struggled with since February. The breakout comes with improving momentum: RSI is nearing 64, and MACD remains in positive alignment. Traders are watching the ₹2,500–₹2,566 zone as the next supply area. With FMCG stocks back in focus during this choppy session, Nestlé is emerging as one of the few large-cap names flashing a clean upward setup. If it holds above ₹2,450 into the close, bulls may start positioning for a fresh leg higher toward January highs.
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