Equity benchmarks traded sharply lower on Friday, tracking a global market selloff triggered by rising geopolitical tensions and weaker economic outlooks, while the rupee tumbled to hit a fresh all-time low of 94.70 against the US dollar, pressured by elevated oil prices and a stronger greenback amid no breakthrough in the West Asia conflict. The decline extended through the session, reversing part of the previous rally.
BSE fell as much as 1,357 points in early trade, while the 50 dropped over 400 points from the previous close. By 1.10 pm, Sensex fell 1319.42 points or 1.75 per cent to 73,954.03, and Nifty 50 depreciated by 381.50 points or 1.64 per cent to 22,924.95.
Broader markets mirrored the weakness, with midcap and smallcap indices declining nearly 2 per cent each, reflecting widespread selling pressure across segments. Market breadth remained sharply negative, with a large majority of stocks trading in the red.
Sectorally, the selloff was broad-based, led by PSU banks, financials, chemicals, media and auto stocks, which dropped between 2 per cent and 3 per cent. The
ONGC, TCS, Wipro lead Nifty 50 gainers
Among the Nifty 50 movers, Oil and Natural Gas Corporation, Tata Consultancy Services and Wipro were among the gainers, while Reliance Industries, Bajaj Finance and Shriram Finance weighed on the benchmarks. TMPV, Reliance and IndiGo were other top losers.
Out of 3,269 stocks traded on the NSE, only 491 advanced while 2,702 declined and 76 remained unchanged. Around 13 stocks touched their 52-week highs, whereas 477 hit 52-week lows, including Hindustan Aeronautics. Additionally, 33 stocks were locked in the upper circuit, while 131 hit the lower circuit.
In the broader market, select midcaps such as Oracle Financial Services Software and LIC Housing Finance posted gains, while stocks like One 97 Communications and Sona BLW Precision Forgings saw sharp declines. Smallcap stocks remained under pressure, though pockets of buying were visible in select names.
Midcap & smallcap movers today
In the midcap segment, Oracle Financial Services Software, LIC Housing Finance and Adani Total Gas gained 2–4 per cent, whereas Godfrey Phillips India, One 97 Communications, Sona BLW Precision Forgings and L&T Finance declined 4–6 per cent.
Among smallcaps, Reliance Power, Firstsource Solutions and BLS International Services dragged the index, falling 5–6 per cent, while Brigade Enterprises, Affle India, Mahanagar Gas and PPL Pharma rose 2–5 per cent.
On the BSE, HEG, Graphite India, SPL Industries, and Brigade Enterprises surged 5–10 per cent, while Garware Hi-Tech Films, Gabriel India, PTC India and Reliance Power declined 6–7 per cent.
On Wednesday, Sensex settled 1205.00 points or 1.63 per cent higher at 75,273.45, and Nifty 50 soared 394.05 points or 1.72 per cent to 23,306.45.