New Delhi: The Indian stock market faced significant selling pressure on Thursday, with all major indices closing sharply lower. The Sensex dropped 780.18 points (0.92%) to close at 84,180.96, while the Nifty 50 fell 263.90 points (1.01%) to 25,876.85. Market analysts attribute the decline to concerns over potential U.S. tariff hikes and continued foreign institutional investor (FII) selling.
Sector-Wise Performance
Metal stocks were the biggest drag on the market, with the Nifty Metal Index plunging 3.40%. Other sectors also ended in the red:
- Nifty Energy: -2.89%
- Nifty Oil & Gas: -2.84%
- Nifty PSE: -2.48%
- Nifty Commodities: -2.40%
- Nifty PSU Bank: -2.08%
- Nifty IT: -1.99%
- Nifty Realty: -1.71%
- Nifty Pharma: -1.39%
No major index managed to close in the green during the trading session.
Midcap and Smallcap Pressure
Selling extended beyond large-cap stocks to midcap and smallcap segments. The Nifty Midcap 100 Index lost 1,202.15 points (1.96%) to finish at 60,222.55, while the Nifty Smallcap 100 Index dropped 357.45 points (1.99%) to close at 17,601.05.
Key Movers
Among Sensex constituents, heavy losses were seen in L&T, Tech Mahindra, TCS, Tata Steel, Trent, Power Grid, Infosys, NTPC, Sun Pharma, UltraTech Cement, Bajaj Finserv, Maruti Suzuki, Indigo, SBI, Bharti Airtel, Axis Bank, Kotak Mahindra, M&M, Titan, Asian Paints, and HUL.
Gainers in the session included Eterna, ICICI Bank, Bajaj Finance, and BEL.
Despite Thursday’s market decline, experts suggest that companies like India Cements and Trident remain potential buy candidates for investors looking to capitalize on short-term opportunities.
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