Stock Market ends in the red; Sensex loses 500 points
The Indian stock market ended in the red on Tuesday, with the Nifty falling below the 23,900-mark and the Sensex dropping nearly 500 points.
The stock market on Thursday fell over 0.6% wiping out the previous session’s gains. Selling was seen across sectors. However, buying in pharma and PSU banks helped limit the losses.
During the session, Sensex crashed 679 points, or 0.82%, to an intraday low of 82,047, while the Nifty dropped 0.80% to a day’s low of 25,018.70.
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At close, the Sensex was down 542.47 points or 0.66% at 82,184.17, and the Nifty was down 157.80 points or 0.63% at 25,062.10.
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BSE Midcap and smallcap indices are down 0.4% each. Nifty 50 index ended near a key technical support of the 25,060 level.
The overall market capitalisation of BSE-listed firms dropped to ₹458 lakh crore from over ₹460 lakh crore in the previous session.
Among the sectors, except PSU Bank, which was up 1.2% and pharma, which was up 0.5%, all the other indices ended in the red. IT index down over 2%, and realty & FMCG indices down 1% each.
Around 149 stocks hit their 52-week high while in contrast, 48 stocks touched 52-week lows.
Those on the highs included Anand Rathi Wealth Ltd, CreditAccess Grameen Ltd, DCM Shriram Ltd, Delhivery Ltd, EID Parry India Ltd, Eternal Ltd, Fortis Healthcare Ltd, Godrej Agrovet Ltd, HDFC Bank Ltd, Indian Bank, JK Cement Ltd, JM Financial Ltd, Krishna Institute of Medical Sciences Ltd, Laurus Labs Ltd, Muthoot Finance Ltd, Navin Fluorine International Ltd, Nuvoco Vistas Corporation Ltd, One 97 Communications Ltd (Paytm), and Shyam Metalics and Energy Ltd.
While the lows have notable mentions like Colgate Palmolive (India) Ltd, Indian Energy Exchange Ltd, HDB Financial Services Ltd, Aditya Birla Lifestyle Brands Ltd, Jindal Worldwide Ltd, Mercury Ev-Tech Ltd, Raymond Realty Ltd, R K Swamy Ltd, and Salzer Electronics Ltd.
Foreign capital outflow is a critical factor weighing on domestic market sentiment. Foreign portfolio investors (FPIs) sold Indian equities worth ₹26,395 crore in the cash segment in July so far.
Shares of the FMCG major – Nestle India – fell 6% after it reported a 13.4% year-on-year (YoY) decline in its profit after tax for the first quarter of FY26. Tata Consumer Products rose as much as 2% after it reported a net profit of Rs 334 crore for the first quarter of the FY26. The delay in a final deal between India and the US is keeping investors on the sidelines.
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