The markets extended their losing streak, reflecting broad-based selling pressure amidst global uncertainty and cautious investor sentiment. While some resilience was observed in the IT sector, the overall mood remained bearish.

Market Snapshot

• Sensex: 77,378.91 (-0.31%)

• Nifty 50: 23,431.50 (-0.40%)

• India VIX: 14.92 (+1.75%)

Broader Market Performance

• Nifty Midcap 150: Fell 2.04% to 20,252.95

• Nifty Smallcap 250: Declined 2.44% to 16,833.40

The broader indices suffered sharper losses than the benchmark, highlighting heightened selling in midcap and smallcap stocks.

Sectoral Highlights

• Top Performer:

• Nifty IT: +3.44%

• Least Decline:

• Nifty FMCG: -0.66%

• Nifty Oil & Gas: -1.06%

• Worst Performers:

• Nifty Media: -3.59%

• Nifty MidSmall Healthcare: -3.14%

• Nifty Realty: -2.77%

Top Movers

Gainers:

• TCS: +5.60%

• Tech Mahindra: +3.59%

• HCL Tech: +3.22%

Losers:

• Shriram Finance: -5.30%

• IndusInd Bank: -4.29%

• Adani Enterprises: -3.95%

Key Updates

1. IREDA Financial Highlights (YoY):

• Revenue: ₹1,698.45 crore (+35.6%)

• Net Profit: ₹425.38 crore (+27%)

2. Forex Reserves: Declined by $4 billion, reflecting external pressures.

3. IIP Data: Improved to 5.2% from the previous 3.5%, signaling growth in industrial output.

4. Market Breadth:

A significantly bearish sentiment was evident, with 2,287 stocks declining compared to 551 advancing on the NSE.

Global Economic Calendar

Key data to watch:

• U.S. CPI Data

• Eurozone Industrial Production

• China’s Trade Balance

For an in-depth analysis and sector-specific insights, watch our exclusive YouTube video.

Stay informed. Stay ahead.