Benchmark indices extended losses during Thursday’s midday session, with the sliding below the crucial 25,000 mark and the declining over 160 points as selling pressure mounted across sectors.
The Nifty 50 dropped 55.90 points or 0.22 per cent to 25,001.00 by 1.05 pm, falling below its previous close of 25,056.90. The Sensex declined 161.52 points or 0.20 per cent to 81,554.11, down from Wednesday’s close of 81,715.63. Both indices opened lower and continued to face headwinds through the session.
Market breadth remained negative with 2,425 stocks declining against 1,630 advancing on the BSE. A total of 4,213 stocks were traded during the session. The selling pressure was evident with 160 stocks hitting lower circuit limits compared to 211 in upper circuit.
emerged as the top Nifty performer, surging 2.47 per cent to ₹405.20 from its previous close of ₹395.45. gained 1.04 per cent to ₹1,171.00, while advanced 0.88 per cent to ₹747.55. rose 0.68 per cent to ₹1,944.30, and edged up 0.49 per cent to ₹955.75.
led the losers, plummeting 2.56 per cent to ₹665.45 from ₹682.95, continuing its decline amid concerns over the reported cyberattack at Jaguar Land Rover. fell 2.55 per cent to ₹2,394.60, while dropped 2.00 per cent to ₹1,272.10. declined 1.91 per cent to ₹4,803.50, and slipped 1.68 per cent to ₹2,984.40.
Sectoral performance remained mixed with the Nifty Bank showing resilience, gaining 97.30 points or 0.18 per cent to 55,251.50. The Nifty Financial Services remained nearly flat, declining just 3.85 points to 26,393.55. However, the broader Nifty Next 50 fell 109.35 points or 0.16 per cent to 68,693.50, while the Nifty Midcap 100 declined 27.55 points to 57,924.75.
Trading volumes indicated active participation with significant value transactions across key stocks. HDFC Bank recorded the highest value turnover at ₹1,12,057.63 lakh, followed by Tata Motors at ₹1,16,623.31 lakh despite its decline.
Foreign institutional investors continued their selling streak, having offloaded ₹2,458.45 crore in the previous session, while domestic institutional investors provided partial support with inflows of ₹1,244.02 crore. The persistent outflows have weighed on market sentiment amid global uncertainties and concerns over US monetary policy.
Technical indicators suggest the immediate support for Nifty lies around 25,000, with further support at 24,900. Resistance levels are placed at 25,100-25,250 range.