The stock market on Wednesday fell from its all-time high hit in trade earlier this week.
At the close, the Sensex was down 31.46 points, or 0.04%, at 85,106.81, and the Nifty was down 46.20 points, or 0.18%, at 25,986.00. The BSE Midcap index shed 1% and the Smallcap index declined 0.4%.
The broader market sell-off was sharper, as the BSE Midcap index lost 0.95% and the BSE Smallcap index shed 0.43%. The overall market capitalisation of BSE-listed stocks fell by Rs 2.76 lakh crore to Rs 469.69 lakh crore.
Among the sectors, IT was the best performer, rising 0.76%, while Nifty Auto emerged as the worst loser, down 1.20%. IT, media, private banks, and telecom rose 0.2-0.6%, whereas PSU banks fell 3%, and oil & gas, metals, power, PSU, capital goods, and consumer durables declined 0.5-1.5%.
The advance-decline ratio favoured sellers, standing at 1:2. On the NSE on Wednesday, 1,052 stocks advanced, while 2,074 declined.
Over 80 stocks hit 52-week high while 280 stocks hit 52-week low.
Those hitting highs included Asian Paints, Vedanta, eClerx Services, Can Fin Homes, Jamna Auto, Cupid, Jindal Poly, and Hitachi Energy, among others.
On the other hand, those hitting lows were KNR Construction, Colgate Palmolive, Power Finance, SJVN, CG Consumer, NCC, Page Industries, Chambal Fertilisers, Trent, Mahanagar Gas, Praj Industries, BASF, Clean Science, Deepak Nitrite, Cohance Life, Bata India, and PCBL Chemical, among others.
PSU banks closed with sharp losses. The Indian Bank fell 5.4% to Rs 812.8 apiece, while the Punjab National Bank, Canara Bank, Bank of India, Bank of Baroda, and the Union Bank of India also slipped between 3% and 4.5%.
On the Nifty, major gainers were Wipro, Hindalco Industries, TCS, Axis Bank, and ICICI Bank.
Among the losers were Max Healthcare, Shriram Finance, Bharat Electronics, Interglobe Aviation, and Tata Consumer.
The rupee plunged to a historic low, crossing the 90-per-dollar mark, amid foreign fund outflows. Firm crude oil prices and uncertainty around the India–US trade deal also added to the woes.
In 2025, the Indian rupee remained one of the poorest-performing Asian currencies, falling about 4–5% so far.