The 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.
Sensex LIVE Update: Index Holds Above 81,550 But Momentum Wanes Near Resistance
The Sensex is still attempting to push higher this afternoon, Compared to the morning setup, there's a clear loss in intraday momentum. RSI has slipped to 56.37, and MACD has turned negative, reflecting growing hesitation. While Nestle India remains one of the few bright spots, heavyweights like ITC and Tata Motors continue to weigh on the index. The broader pattern now looks like a pause rather than a breakout, keeping the Sensex rangebound as traders assess whether today’s gains can hold into the close. If no follow-through emerges soon, the index risks slipping back toward the 81,551 support zone highlighted earlier.
Tata Motors Share Price Today: Slides to ₹719 After Tax Report, Tests Key Support
Tata Motors share price dipped to ₹719 on Tuesday after the company’s latest tax transparency report revealed a global tax outgo of ₹38,892 crore for FY25. While the figure is slightly lower than last year’s, the market reacted cautiously, especially with the stock already up more than 10% this month. Tata Motors has been gaining attention ahead of its planned demerger and rising EV segment visibility, but today's move shows profit-taking creeping in near resistance.
On the chart, ₹715 has come into play as buyers try to hold the line after this morning’s pullback. The stock’s been hovering in a tight band, with ₹730 capping upside moves for most of last week. Traders watching the name are split, some are booking gains after the recent rally, others are staying in, eyeing the demerger buzz and EV momentum as longer-term drivers.
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.