Stock market ends lower amid selling in select heavyweights
At the close, the Sensex was 142 points, or 0.19%, lower at 75,867.80, while the Nifty 50 settled with a nominal loss of 7 points, or 0.03%, at 23,907.15.
The stock market extended its decline on Friday, with both indices losing nearly a percent amid weak global cues.
At close, the Sensex was down 721 points, or 0.88%, at 81,463.09, while the Nifty 50 settled 225 points, or 0.90%, lower at 24,837.
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Broader markets witnessed even steeper selling, with the Nifty Smallcap 100 index ending with a sharp cut of 2.5%, and the Nifty Midcap 100 index falling 1.63%. Both indices closed the week with losses of up to 3.47%.
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The cumulative market capitalisation of BSE-listed firms dropped to nearly ₹451.7 lakh crore from ₹458.11 lakh crore in the previous session.
Among the sectors, barring Nifty Healthcare (up 0.69%) and Pharma (up 0.54%), all other indices ended in losses. Media was down 2.61%, Oil & Gas dropped 1.96%, PSU Bank fell 1.70%, and Metal slipped 1.64%.
Further, Nifty Bank dropped 0.94%, while the Financial Services ended 0.88% lower.
On the Nifty50, seven stocks managed to end in the green. Key gainers included Cipla (3.17%), SBI Life Insurance Company (2.07%), and Apollo Hospitals (1.50%). On the other hand, shares of Bajaj Finance fell 4.81%, Shriram Finance declined 3.64%, and IndusInd Bank was down by 2.64%, ending as the top losers.
Shares of Bajaj Finance tumbled 6% in trade after reporting its earnings for the quarter ended June 30, 2025.
Cipla shares rallied as much as 3% after its consolidated net profit increased 10.3% to Rs 1,298 crore in the first quarter.
Notably, on a weekly basis, the Sensex and the Nifty 50 extended their losses for the fourth consecutive week, falling 0.4% and 0.5%, respectively.
Lacklustre Q1 results have failed to lift market sentiment as there have been more misses than hits.
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