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 ended on a negative note on Wednesday after a rangebound trading session, with the Nifty slipping below the 25,500 mark as investors remained cautious ahead of US President Donald Trump’s announcement on trade deals.
At close, the Sensex was down 176.43 points, or 0.21%, at 83,536.08, while the Nifty declined 46.40 points, or 0.18%, to end at 25,476.10.
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However, broader indices outperformed the benchmark indices. The BSE Midcap index ended flat, while the Smallcap index added 0.5%.
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Sector-wise, most indices closed in the red. Nifty Realty fell 1.49%, Metal dropped 1.40%, Oil & Gas declined 1.25%, and IT slipped 0.78%. On the contrary, FMCG rose 0.80% and Consumer Durables gained 0.48%.
Pharma stocks recorded gains even after former U.S. President Donald Trump threatened to impose a 200% tariff on all pharmaceutical imports.
Nifty Bank fell 0.07%, Nifty PSU Bank declined 0.43%, and Private Bank was down 0.02%. However, Nifty Financial Services edged up 0.15%.
Union Bank of India shares dropped nearly 4% after the lender reported a weak business update for the first quarter of the current financial year.
On the BSE, around 120 stocks touched their 52-week highs, including Global Health, Krishna Institute of Medical Sciences, MRF, Laurus Labs, Navin Fluorine, and Ramco Cements.
IT stocks declined as investors awaited the first batch of Q1 FY26 results from the sector.
Among Nifty50 gainers were Shriram Finance (up 1.76%), Bajaj Finance (up 1.44%), and Coal India (up 1.31%).
Meanwhile, 29 stocks on the Nifty50 ended in the red. Key losers included HCL Technologies (down 2.05%), Hindalco Industries (down 1.83%), and Tata Steel (down 1.71%).
Shares of BSE, Angel One, and other capital market-linked stocks rose around 2% after SEBI clarified that there is no proposal to link options exposure with cash market holdings.
A major factor weighing on investor sentiment remains the start of Q1 FY26 earnings season and persistent concerns over tariff developments.
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