Indian benchmark equity indices extended losses on Thursday, with the Sensex and Nifty closing sharply lower amid sustained foreign fund outflows and profit-booking at higher levels, even as stock-specific action continued on the back of quarterly business updates.
The BSE Sensex tanked 780.18 to settle at 84,180.96, while the Nifty50 declined 263.90 to close at 25,876.85, slipping decisively below the 26,000 mark.
Weakness was broad-based, with metals, oil & gas, IT and select financial stocks leading the decline. Analysts said near-term market direction remains capped in the absence of fresh triggers, particularly clarity on the US-India trade negotiations.
Nifty 50 top gainers
- Eternal: Rs 283.55 (+0.93%)
- SBI Life: Rs 2,083 (+0.59%)
- ICICI Bank: Rs 1,435 (+0.52%)
- Bajaj Finance: Rs 971.95 (+0.33%)
Nifty 50 top losers
- Hindalco: Rs 903.95 (-3.68%)
- Jio Financial Services: Rs 293.55 (-3.28%)
- ONGC: Rs 231.42 (-3.20%)
- Wipro: Rs 262.20 (-3.18%)
- L&T: Rs 4,028 (-3.10%)
- Tech Mahindra: Rs 1,578 (-2.92%)
- Dr Reddy’s: Rs 1,207 (-2.89%)
- JSW Steel: Rs 1,156 (-2.85%)
- TCS: Rs 3,204 (-2.79%)
BSE Sensex top gainers
- Eternal: Rs 283.55 (+0.93%)
- ICICI Bank: Rs 1,435 (+0.52%)
- Bajaj Finance: Rs 971.95 (+0.33%)
BSE Sensex top losers
- L&T: Rs 4,028 (-3.10%)
- Tech Mahindra: Rs 1,578 (-2.92%)
- TCS: Rs 3,204 (-2.79%)
- RIL: Rs 1,471 (-2.24%)
- Tata Steel: Rs 180.12 (-2.01%)
- Power Grid: Rs 259.30 (-1.82%)
- IndusInd Bank: Rs 883.45 (-1.61%)
- Infosys: Rs 1,613 (-1.57%)
- NTPC: Rs 344.40 (-1.28%)
Vinod Nair, Head of Research, Geojit Investments Limited said "Domestic markets extended losses as sentiment turned cautious amid renewed concerns over US tariffs and persistent FII outflows, overshadowing optimism around earnings growth. Broad-based selling was led by metals, oil & gas, and IT stocks. Metal shares declined on profit booking following a retreat in global prices, while oil & gas stocks fell on worries over the Venezuela–US crisis. Meanwhile, India’s first advance FY26 GDP estimate signals robust growth, driven by a manufacturing rebound and resilient services, offering some optimism despite external headwinds. In the near term, markets are expected to remain cautious and trade range-bound, influenced by Q3 earnings and developments on US tariffs."
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)