The Indian stock market ended lower on Thursday, with the Nifty falling to the 25,750 mark and snapping its four-day winning streak.
At the close, the Sensex was down 558.72 points, or 0.66%, at 83,674.92, and the Nifty was down 146.65 points, or 0.57%, at 25,807.20. The Nifty Midcap and Nifty Smallcap indices declined 0.5% each.
The overall market capitalisation of BSE-listed firms dropped to Rs 472 lakh crore from Rs 475 lakh crore in the previous session.
Among the sectors, Nifty IT ended with a loss of 5.51%, Nifty Realty was down by 1.45%, Media was down by 1.31%, and Oil and Gas was down by 1.19%. Nifty Bank ended flat, while the Financial Services index rose by 0.38%.
The top gainers on Nifty were Bajaj Finance up by 3.31%, Shriram Finance up by 2.48%, and Eicher Motors up by 2.13%.
Nearly 30 stocks ended lower, including Tech Mahindra (6.40%), Infosys (5.97%), TCS (5.77%), HCL Technologies (5.20%), and Wipro (4.79%).
The advance-decline ratio remained in favour of decliners, with over 2,500 stocks falling and more than 1,600 advancing on the BSE.
Around 140 stocks hit their 52-week highs, while 111 stocks hit their 52-week lows on the BSE.
Those on highs included SBI, L&T, NTPC, Bajaj Auto, ONGC, and Shriram Finance, while on lows were TCS, Wipro, OFSS, IREDA, and Abbott India.
Among the IT stocks, Tech Mahindra, Infosys and Tata Consultancy Services (TCS) tumbled nearly 6% each, while HCL Technologies, Mahindra & Mahindra, Hindustan Unilever, Reliance Industries, Eternal, HDFC Bank, IndiGo, Kotak Mahindra Bank and Adani Ports also closed lower.
State Bank of India (SBI), Shriram Finance, and ONGC scaled their one-year peaks.
Rupee traded slightly stronger at 90.57, gaining 0.08 paise or 0.09%, as the dollar index remained flat near 96.82.