- Sensex closed 96 points lower at 72,989.93, while Nifty50 ended at 22,082.65.
- Bajaj Auto (-5%) dragged the market down, while SBI (+3%) provided some support.
- India Cements (+15.65%) and Concord Biotech (+15%) outperformed amid weak sentiment.
The Indian stock market extended its losing streak for the 10th straight session, with the Sensex falling below 73,000 and the Nifty50 dropping near 22,000. Weak global cues, including U.S. tariff concerns, led to broad-based selling, especially in IT and heavyweight stocks.
Despite the broader market weakness, select stocks defied the trend. India Cements and Concord Biotech posted double-digit gains, driven by strong earnings expectations and positive investor sentiment.
Markets Decline as Global Pressures Persist
The market downturn was largely fueled by renewed trade tensions, as U.S. President Donald Trump reaffirmed plans for new tariffs. This led to a sell-off in Asian markets, spilling over to Indian equities. IT and export-driven sectors bore the brunt, reflecting concerns over global economic slowdowns.
Adding to the volatility, investor sentiment remains fragile, with profit-booking seen across several large-cap stocks. The recent decline has prompted caution, though select stocks like India Cements and Concord Biotech bucked the trend, benefiting from strong fundamentals.
Another key development was Jio Financial Services’ acquisition of SBI’s stake in Jio Payments Bank for ₹104.54 crore. This move signals Jio’s expanding financial footprint, reinforcing its dominance in the fintech sector. Meanwhile, SEBI’s administrative warning to Godfrey Phillips India raised concerns over regulatory scrutiny in the corporate space.
With global uncertainty persisting, investors are looking at central bank policies and upcoming economic data to gauge future market direction. While near-term volatility is expected, selective buying in resilient sectors may provide stability.
The Indian stock market remains under pressure due to global economic concerns and sectoral weakness. While volatility continues, select outperformers and strategic financial moves suggest pockets of opportunity amid the decline.
“In investing, what is comfortable is rarely profitable.” — Robert Arnott
