New Delhi. The Indian stock market witnessed huge volatility on Tuesday. At the beginning of the day, the Sensex and Nifty broke the seven-day decline on positive signals from the Asian markets and registered a gain. However, this gain was almost wiped out due to selling pressure at the end of the day.

The Sensex fell nearly 900 points from its highest level, while the Nifty lost 262 points. The Sensex closed with a marginal gain of 239.37 points at 77,578.38 and the Nifty closed with a gain of 64.70 points at 23,518.50.

Impact of geopolitical tension
The market's gains came to a halt when news of Ukraine's ATACMS missile attack on the Russian border came. This geopolitical tension made investors cautious. This is the first time in the Russia-Ukraine war that has been going on since 2022 that Ukraine has fired missiles received from the US on Russia. This news came here about 1 hour before the market closed and its full effect was seen on the Indian market.

Strong Sectors and Performance
The Nifty Realty and Auto sectors gained 1.5%. Real estate companies like DLF, Lodha, and Godrej Properties strengthened the index. The IT sector also saw a slight recovery of 0.8%.

Performance of Key Stocks
Mahindra & Mahindra (M&M) gained 3%. The stock topped the Nifty after CLSA gave it an 'outperform' rating by CLSA. PSP Projects gained 10% amid talks of Adani Group acquiring it.

Market opinion
Religare Broking Senior Vice President Ajit Mishra said, "This is only a retreat after the continuous decline of the last two months. This is not a real recovery, and investors are advised to wait for decisive steps before entering the market." According to experts, if the Nifty remains above 23,565, then the correction may continue. However, it may face resistance in the range of 23,733-23,788. Please note that the market will remain closed on November 20 due to the Maharashtra Assembly elections.