Stock market declines for third straight session, Nifty closes below 26,150

File Photo: ANI


The stock market witnessed a decline for the third straight session on Wednesday, with the Nifty closing below 26,150.

The fall in the market was witnessed amid volatility led by concerns over rising geopolitical risks, FII selling, and weak Asian markets.

At the close, the Sensex was down 102.20 points, or 0.12%, at 84,961.14, and the Nifty declined 37.95 points, or 0.14%, to 26,140.75.

The BSE Midcap index gained 0.5%, while the Smallcap index rose 0.12%.

Among the sectors, Nifty IT surged 1.87%, Consumer Durables rose 1.69%, and Nifty Pharma gained 0.69%.

On the other hand, Nifty Auto dropped 0.80%, and Nifty Bank fell 0.21%.

On the Nifty, the top gainers were Titan Company, up 3.94%, HCL Technologies, up 2.36%, and Wipro, up 1.79%. On the downside, the major losers were Cipla, down 4.28%, Maruti Suzuki India, down 2.81%, and Tata Motors Passenger Vehicles, down 1.60%.

Out of 4,350 stocks traded on the BSE, 2,104 advanced while 2,068 declined.

Some 178 stocks remained unchanged.

As many as 140 stocks hit their 52-week highs while some 121 stocks hit their 52-week lows in intraday trade on the BSE.

Those on the highs included Vedanta, Titan Company, Tata Consumer Products, SBI Life Insurance Company, Nestle India, Eicher Motors, and Bajaj Auto.

While on the lows were Dixon Technologies (India), Cohance Lifesciences, and Afcons Infrastructure.

Among bank stocks, HDFC Bank slipped 5.5% over the past three days, while IndusInd Bank also declined more than 2%.

Shares of Maruti Suzuki India Ltd fell 3%, snapping their six-day winning streak.

The shares of Meesho dropped 5% to hit the lower circuit, and the shares of Titan Company jumped more than 4%.

The Indian Rupee strengthened by 24 paise to 89.84 against the dollar.

The National Statistics Office (NSO) also released its first advance estimates, projecting Real GDP growth of 7.4% in the Financial year 2025-26, compared with 6.5% in FY 2024-25. Nominal GDP is estimated to grow at 8% in FY 2025-26.