AI summary
Nifty 50 and Sensex both fell 1.16% today, with IT stocks leading the decline—Infosys dropped 3.42% and TCS fell 3.16%.
Pharma sector bucked the trend with a 0.92% gain, driven by strength in CIPLA (+1.36%), Dr Reddy's (+0.79%), and Sun Pharma.
Banking and Metal sectors suffered heavy losses, with Banking down 1.30% and Metal down 2.70% as profit-taking dominated.
FII outflows of ₹636 crore were partially offset by DII inflows of ₹1,036 crore, keeping net flow marginally positive at ₹400 crore.
Nifty 50
23,824
-1.16%
More details
Open24,071
High24,136
Low23,785
Prev close24,103
52W high26,373
52W low22,183
Sensex
76,201
-1.16%
Bank Nifty
57,184
-1.3%
Sensex
76,201
-1.16%
Bank Nifty
57,184
-1.3%
😐
Mood
Cautious
51/100 health
WeakBullish
FII / DII
FII net+Rs 18 Cr
DII net+Rs 680 Cr
Net flow+Rs 698 Cr
Market stats
Advances6
Declines1
VolumeRs 3,121 Cr
VIX13.94 -- Low -- calm
7-session trend
1 green in last 3
-
19
+
22
-
Now
A health score of 51 reflects a mildly bearish market: broad-based selling across large sectors (IT, Banking, Metal) outweighs isolated pharma gains, and FII selling pressures despite DII support signal cautious investor sentiment.
Gainers
CIPLA+1.36%
POWERGRID+0.95%
DRREDDY+0.79%
Losers
ASIANPAINT-0.45%
MARUTI0.07%
SHRIRAMFIN0.17%
Show top 10 each
SUNPHARMA+0.22%
SHRIRAMFIN+0.17%
MARUTI+0.07%
ASIANPAINT+-0.45%
SUNPHARMA0.22%
DRREDDY0.79%
POWERGRID0.95%
CIPLA1.36%
Sectors
Pharma
+0.92%
Media
-0.07%
Auto
-0.33%
Energy
-0.69%
Realty
-0.72%
Show all sectors
Consumer
-1.01%
FMCG
-1.01%
Banking
-1.3%
PSU Bank
-1.44%
IT
-2.23%
Metal
-2.7%
Commodities & currency
Gold /10g MCXRs 126,115 -1264
Silver /kg MCXRs 189,185 -10417
USD/INR94.74 +0.41
Today's events
Nifty 50 and Sensex close 1.16% lower; IT sector down 2.23% as Infosys and TCS lead declines
15:30 IST • Market Close
FII net outflow of ₹636 crore offset by DII inflow of ₹1,036 crore; net market flow positive at ₹400 crore
16:00 IST • FII/DII
09:15 IST
Market Volatility Continues -- Markets open with focus on IT sector stabilization and banking recovery; watch for any RBI policy cues or global growth signals.
Yieldora insight
IT Sector Correction: Time to Average Your Tech Exposure?
The IT sector's sharp 2.23% decline today—with Infosys and TCS down over 3% each—is a reminder that even large-cap tech can face volatility. If you've been considering IT investments or already hold positions, a Step-up SIP allows you to gradually increase contributions during downturns, buying more units at lower prices while dollar-cost averaging over time.
14%
Avg 12m return after similar dips
61%
Times market recovered within 6 months
9.7%
Below 52-week high right now
Based on Nifty 50 data 2010-2024. Past returns don't guarantee future results. Not investment advice.
Read the full 2-minute analysis
Why stocks moved, sector news, top headlines
Expand all
Why stocks moved
CIPLA (+1.36%)
CIPLA rose 1.36% today, benefiting from broad pharma sector strength and likely investor rotation into defensive, dividend-paying healthcare names amid market volatility.
- Pharma sector outperformed with +0.92% gain as investors shift to stable sectors
- CIPLA's strong fundamentals and dividend yield attracted safe-haven buying
POWERGRID (+0.95%)
Power Grid Corporation gained 0.95% as the Energy sector showed relative resilience despite the broader market decline, supported by infrastructure investment themes.
- Energy sector weakness at -0.69% was cushioned by POWERGRID's utility stability
- Consistent dividend payout and regulated returns appeal to cautious investors today
DRREDDY (+0.79%)
Dr Reddy's Laboratories rose 0.79%, riding the pharma sector rally as domestic pharmaceutical stocks attracted defensive buying during the market correction.
- Pharma sector momentum and steady earnings support lifted DRREDDY higher
- International exposure and generic drug portfolio provide portfolio balance during IT weakness
DRREDDY (+0.79%)
Dr Reddy's Laboratories rose 0.79%, riding the pharma sector rally as domestic pharmaceutical stocks attracted defensive buying during the market correction.
- Pharma sector momentum and steady earnings support lifted DRREDDY higher
- International exposure and generic drug portfolio provide portfolio balance during IT weakness
POWERGRID (+0.95%)
Power Grid Corporation gained 0.95% as the Energy sector showed relative resilience despite the broader market decline, supported by infrastructure investment themes.
- Energy sector weakness at -0.69% was cushioned by POWERGRID's utility stability
- Consistent dividend payout and regulated returns appeal to cautious investors today
CIPLA (+1.36%)
CIPLA rose 1.36% today, benefiting from broad pharma sector strength and likely investor rotation into defensive, dividend-paying healthcare names amid market volatility.
- Pharma sector outperformed with +0.92% gain as investors shift to stable sectors
- CIPLA's strong fundamentals and dividend yield attracted safe-haven buying
Sector news
Pharma (+0.92%)
The Pharma sector gained 0.92% today, standing out as the sole gainer amid broad market correction, as investors rotated into defensive healthcare names with steady earnings and dividend yields.
- CIPLA, Dr Reddy's, and Sun Pharma all posted gains, showing strong domestic and export demand
- Pharma's stable cash flows and non-cyclical nature appeal during market uncertainty
Media (-0.07%)
Media sector declined 0.07%, showing relative resilience as a minor decliner, likely supported by advertising recovery themes despite the broader market selloff.
- Media's advertising and content monetization remain attractive to selective investors
- Minor decline suggests selective buying in media stocks amid broader market weakness
Auto (-0.33%)
Auto sector fell 0.33%, suffering moderate losses due to margin pressure from raw material costs and slowing domestic vehicle demand amid economic uncertainty.
- Maruti and peers face headwinds from input inflation and reduced consumer discretionary spending
- Sector weakness reflects broader consumer caution during market volatility
PSU Bank (-1.44%)
PSU Bank sector declined 1.44%, reflecting broader banking sector weakness as profit-taking and rate-cut expectations pressured large public-sector lenders' valuation multiples.
- Banking sector down 1.30%, with PSU banks facing additional pressure from dividend sustainability concerns
- Potential RBI rate-cut cycle may compress net interest margins, deterring investor interest
IT (-2.23%)
The IT sector declined 2.23%, the second-worst performer, as Infosys, TCS, and peers faced heavy selling driven by global tech concerns, currency headwinds, and profit-taking after recent gains.
- Large-cap IT stocks bore significant selling as INR weakened to 94.74, pressuring dollar-denominated revenues
- Global growth uncertainties and potential margin compression triggered risk-off sentiment in tech
Metal (-2.7%)
The Metal sector was the day's worst performer, down 2.70%, as Tata Steel and peers faced heavy selling amid global commodity weakness, reduced infrastructure demand, and profit-taking.
- Gold and silver futures fell sharply (₹1,264 and ₹10,417 respectively), signaling weak industrial demand
- Margin compression and slowdown fears in construction and industrial activity pressured steel stocks
Top headlines
India stocks lower at close of trade; Nifty 50 down 1.16% Read article
The Indian stock market closed lower today with the Nifty 50 and BSE Sensex both declining 1.16%, driven by heavy selling in IT and Metal sectors.
- Infosys fell 3.42% and TCS dropped 3.16%, leading the IT sector's 2.23% decline
- FII net outflow of ₹636 crore was partially offset by DII inflow of ₹1,036 crore
India's biggest equity fund makes contrarian bet on IT stocks Read article
Despite today's IT sector weakness, major equity funds are exploring contrarian opportunities in technology stocks, signaling potential support for the sector amid the correction.
- Large domestic funds see value in depressed IT stocks after the sharp 2.23% sectoral decline
- Contrarian positioning may provide a floor for further downside in Infosys and TCS
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Data for informational purposes only. Not investment advice. Sources: NSE, BSE, AMFI, MCX. Yieldora.in