Mumbai — Indian equity benchmarks witnessed a significant decline in intraday trade, with the BSE Sensex falling 1,134.25 points (1.35%) to 82,600.00, while the NIFTY 50 slipped 325.65 points (1.26%) to 25,493.70.
The sell-off was broad-based, with weakness visible across sectors as investors booked profits and remained cautious amid global cues.
Gainers and Losers
In the broader market, select stocks managed to post gains.
Top Gainers:
Newgen Software Technologies (+18.20%)
Tata Investment Corporation (+9.28%)
Oil India (+5.25%)
Netweb Technologies (+5.25%)
Godrej Industries (+3.84%)
However, losses dominated several counters:
Top Losers:
Lloyds Metals & Energy (-6.73%)
Lloyds Enterprises (-5.90%)
Zaggle Prepaid Ocean Services (-5.81%)
Hexaware Technologies (-4.93%)
GE Vernova T&D India (-4.77%)
Most Active Stocks
Among heavily traded counters, Welcure Drug & Pharma led activity with strong gains of over 3%, while Vodafone Idea and Filatex Fashions witnessed declines. Trading volumes remained elevated in mid-cap and small-cap segments, indicating active participation despite the broader market weakness.
Global Cues Mixed
Global indices showed mixed momentum. Asian markets such as Hang Seng, Nikkei 225, and Straits Times were trading higher, while US technology-heavy Nasdaq also reflected gains, suggesting that domestic factors may have driven the day’s correction.
Market Outlook
Analysts suggest that the decline could be attributed to short-term profit booking after recent highs. Investors are likely to watch upcoming macroeconomic data, institutional flows, and global developments for directional cues.
