On the National Stock Exchange (NSE), the Sensex index showed a decline of 500 points, while the Nifty approached the 22,600 level. In broader markets, the Nifty MidCap and Nifty SmallCap indices demonstrated drops of 1.04% and 0.91%, respectively.
As of 9:18 AM, the Sensex fell by 572.62 points or 0.78%, reaching 73,137.07, while the Nifty50 decreased by 199.15 points or 0.87%, settling at 22,610.30. Among the main losers in the Nifty50 index were Power Grid Corporation, Mahindra & Mahindra, and Nestle India. Sectorally, Nifty Chemical, Nifty Auto, and Nifty Metal showed reduced performance, whereas Nifty recorded growth.
As part of the second-quarter (Q2FY27) reporting, results from companies such as Adani Energy Solutions, Adani Total Gas, BlueStone Jewellery and Lifestyle, Chennai Petroleum Corporation, CIE Automotive India, Colgate-Palmolive (India), CreditAccess Grameen, Cyient, Hatsun Agro Product, Havells India, Hindustan Petroleum Corporation, Jammu & Kashmir Bank, Jindal Stainless, Mahindra Lifespace Developers, Maharashtra Scooters, Nippon Life India Asset Management, Nuvoco Vistas Corporation, Orient Cement, Paisalo Digital, Pitti Engineering, Rallis India, Sagility, Sapphire Foods India, Swiggy, and Tata Teleservices (Maharashtra) will be announced on Monday.
Sectoral Index Dynamics
In the early trading sessions, all major sectoral indices traded in the negative. The largest drop was recorded by Nifty Metal, which declined by almost 2%. Furthermore, Nifty FMCG and Nifty Pharma each lost 1.4%, and Nifty Auto also significantly dropped by 1.88%.
The broader market also showed deteriorating indicators: the Nifty Midcap 100 index fell by 1.53%, and the Nifty Smallcap 100 index lost 1.4%, which was worse than the benchmark Nifty 50 index.
At the 30-point level, only five stocks in the Sensex were trading higher, while 25 were in the red zone. The technology company Tech Mahindra led the gainers, showing an increase of only 0.28%. PowerGrid was the worst performer, losing 2.5%. Among other stocks that fell the most were Maruti Suzuki, M&M, Tata Steel, Bajaj Finserv, and IndiGo.
During the opening of trading, the Nifty 50 lost 157 points or 0.69%, opening at 22,626 on Thursday. Earlier, at the open, the Sensex index had fallen by 511 points or 0.69% to 73,198 amid rising crude oil prices to $110. Before trading began, the Nifty 50 was already down by 124 points or 0.54% at 22,687, and the BSE Sensex had fallen by more than 350 points in preliminary trades, reaching 73,337.
Regarding the foreign exchange market, the rupee opened stable against the US dollar at 94.47 on Thursday.