Indian Markets Decline as Sell-off Continues

The Indian stock market experienced a broad decline as major indices concluded the trading day lower, with only gains seen in the PSU Banking segment. By the end of the day, the BSE 30-share Sensex had dropped by 201 points, equivalent to a 0.27 percent decrease, closing at 73,828.91. Likewise, the Nifty50 fell by 73.3 points or 0.33 percent, finishing below the 22,400 mark at 22,397.2.

In terms of sector performance, sectors such as Realty, Media, Auto, and IT were among the hardest hit. Meanwhile, the PSU Banks sector was the only one to post gains. Notably, IT stocks have entered a bearish phase, with investors suffering a massive Rs 8.4 lakh crore loss in market capitalization. The Nifty IT index has plummeted nearly 21 percent from its peak, and in the most recent trading session, it saw an additional 3 percent decline.

Among the Nifty50 constituents, some of the top gainers were Bharat Electronics, NTPC, ONGC, SBI, and Sun Pharma. In contrast, key laggards included Shriram Finance, Hero MotoCorp, IndusInd Bank, Tata Motors, and Hindalco.

European Markets Performance

In European markets during Thursday's trading session, trends oscillated between positive and negative as fears surrounding a potential global trade war persisted.

Expert Insights

Vinod Nair, Head of Research at Geojit Financial Services, shared his views on the market situation, stating, "The shortened trading week and the sell-off in U.S. short markets are causing some volatility in global markets. However, the Indian market demonstrates resilience and has maintained healthy performance despite a narrow negative trend. Concerns about a potential recession in the U.S. do not appear to be impacting the Indian market, thanks to signs of improvement in fundamental economic indicators such as moderation in inflation, anticipated rate cuts, and growth, driven by government spending and rising consumer income in FY26. Yet, if U.S. policy remains uninspiring, it could become a concern going forward."

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