A sustained selling by foreign investors, a falling rupee, weak December quarter results, Budget nervousness, China’s DeepSeek, and Trump’s tariff war hurting the market sentiment
The BSE Sensex closed 838.43 points lower, settling at 75,352.03, a drop of 1.10 per cent. Similarly, the NSE Nifty50 ended below the 22,800 mark, declining 1.19 per cent to close at 22,817.30
Benchmark equity indices, BSE Sensex and NSE Nifty50, ended the week’s first trading session lower, settling down by over 1 percent each, dragged by the selling across the counters. The 30-share Sensex tumbled as much as 824.29 points or 1.08 per cent to settle at 75,366.17. The index traded in the range of 75,925.72–75,267.59 today.
Mirroring the Sensex, NSE Nifty50 also ended lower by 263.05 points or 1.14 per cent at 22,829.15. The Nifty50 recorded a day’s high of 23,007.45, while the day’s low was 22,786.90 on Monday.
The day ended in favor of the bears as 43 out of the 50 constituent stocks of Nifty50 ended in the red, dragged by HCL Tech, Tech Mahindra, Wipro, Hindalco, and Shriram Finance, with losses extending up to 4.59 per cent. Meanwhile, ICICI Bank, Britannia, Mahindra & Mahindra, Hindustan Unilever, State Bank of India were among the 7 constituent stocks that ended in the green, with gains extending up to 1.50 per cent. Volatility index India VIX, which gauges the volatility in markets, ended higher by 8.28 per cent at 18.13 points.
Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 3.84 per cent and 2.75 per cent, respectively. All sectoral indices on the NSE ended in the red, with losses extending up to 4.73 per cent. Notably, the Nifty IT index settled 3.36 per cent lower, with Coforge, Persistent Systems, and LTI Mindtree being the top laggards, with losses of up to 5.19 per cent.