Benchmark indices remained under pressure during midday trading on Thursday, with the down 446.01 points or 0.55 per cent at 80,340.53 and the declining 120.90 points or 0.49 per cent to 24,591.15 as of 12.30 pm. The markets opened lower at 80,754.66 for the Sensex from the previous close of 80,786.54.
The decline came as the 50 per cent US tariff on Indian goods took effect, creating broad-based weakness across export-dependent sectors. Market breadth remained negative with 2,275 stocks declining against 1,618 advancing on the BSE, while 188 stocks remained unchanged. A total of 4,081 stocks were traded during the session.
Among sectoral indices, the Nifty Next 50 fell 410.75 points or 0.61 per cent to 66,389.60, while the Nifty Financial Services dropped 144.65 points or 0.56 per cent to 25,808.90. The declined 317.95 points or 0.58 per cent to 54,129.80, and the Nifty Midcap 100 slipped 363.40 points or 0.64 per cent to 56,402.80.
emerged as the top gainer on the Nifty 50, rising 1.61 per cent to ₹5,155.30 from its previous close of ₹5,073.40. gained 1.26 per cent to ₹2,512.70 from ₹2,481.40, while advanced 1.11 per cent to ₹3,634.00 from ₹3,594.00. climbed 0.96 per cent to ₹1,328.00 from ₹1,315.40, and rose 0.88 per cent to ₹2,292.00 from ₹2,272.00.
On the losing side, led the decliners, falling 2.93 per cent to ₹577.25 from ₹594.70. dropped 2.71 per cent to ₹1,452.30 from ₹1,492.80, while declined 1.82 per cent to ₹1,501.80 from ₹1,529.60. fell 1.52 per cent to ₹1,576.00 from ₹1,600.30, and slipped 1.49 per cent to ₹1,063.80 from ₹1,079.90.
Market volatility remained elevated with 111 stocks hitting 52-week lows compared to 85 reaching 52-week highs. Additionally, 176 stocks were in the upper circuit while 154 hit the lower circuit during the session.
Export-heavy industries including textiles, jewellery, leather, and seafood continued to face selling pressure due to the tariff implementation, while sectors with exemptions such as pharmaceuticals, electronics, and steel showed relative resilience. Foreign institutional investors maintained their selling streak with outflows of ₹6,516 crore, though domestic institutional investors provided support with buying worth ₹7,060 crore.