Benchmark equity indices closed lower today, with the Sensex shedding 542 points (0.66%) to settle at 82,184, and the Nifty 50 declining by 158 points (0.63%) to end at 25,062. This downturn was primarily driven by selling pressure in IT and FMCG stocks, compounded by mixed signals from global markets.
The broader market at the BSE also mirrored this negative sentiment, with the Mid-Cap index decreasing by 0.43% and the Small-Cap index falling by 0.50%.
Within the 30-share Sensex pack, 24 companies closed in negative territory. Notably, Trent was among the top losers, shedding over 3.9%, followed by Tech Mahindra which declined over 3.1%, and Reliance, which dropped over 1.5%. Conversely, a few stocks managed to buck the trend; Eternal emerged as a top gainer, rising 3.44%, while Tata Motors climbed 1.5%, and Sun Pharma added over 0.5%.
Sectoral performance at the BSE was predominantly negative, with 18 out of 21 sectors ending in the red. Focused IT, IT, and Teck were among the hardest hit, declining by 2.22%, 1.84%, and nearly 1.5% respectively. In contrast, Healthcare showed resilience, rising 0.5%, Metal gained 0.10%, and Auto marginally added 0.03%.
The overall market breadth at the BSE was skewed towards declines, with 2,290 companies seeing their shares fall, while 1,569 advanced, and 183 remained unchanged. On the National Stock Exchange, a notable 72 companies reached their 52-week high, even as 29 companies hit their 52-week low, indicating a selective bullishness amidst the broader market correction.
