Brief Market Summary

The Indian stock market today witnessed a sharp decline. The BSE Sensex dropped by 872.98 points (1.06%) to 81,186.44. The NSE Nifty 50 lost 261.55 points (1.05%) to close at 24,683.90. This fall was driven by global headwinds, profit booking, and muted investor sentiment.

Sector Performance Highlights

Banking

Banking stocks declined with the Nifty Bank index down 1.2%, led by losses in HDFC Bank and ICICI Bank.

Information Technology (IT)

IT stocks followed global tech trends downward, with Infosys and TCS among the biggest losers.

Automobile

Auto stocks like Maruti Suzuki and Tata Motors were down due to supply constraints and higher input costs.

Pharmaceuticals

Pharma shares faced headwinds from pricing pressure and regulatory uncertainties.

Top 5 Gainers & Losers

Top Gainers

• Coal India: +2.5%
• ONGC: +2.3%
• Hindalco: +2.1%
• Power Grid: +1.8%
• NTPC: +1.5%

Top Losers

• Eicher Motors: -3.2%
• Bajaj Auto: -3.0%
• Maruti Suzuki: -2.8%
• Infosys: -2.5%
• TCS: -2.3%

FII/DII Net Flows

Foreign Institutional Investors (FIIs) were net sellers with ₹10,016.10 crore of outflows. Domestic Institutional Investors (DIIs) bought ₹6,738.39 crore worth of shares, showing local market confidence. (Source)

Key Macro-Economic & Global Drivers

• Concerns over global growth in the US and China are weighing on markets.
• Central bank rate hike expectations are leading to risk aversion.
• Geopolitical tensions are adding volatility.
• Profit booking post-earnings season is also a factor.

What to Watch Next

• US and Asian market trends.
• Monetary policy updates from the RBI.
• Key quarterly earnings from Nifty companies.
• Ongoing FII/DII investment patterns.

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Disclaimer: This post is for informational purposes only. Please consult a financial advisor before investing.