The stocks closed sharply lower on Thursday, dragged down by losses in IT and FMCG stocks, with broader market sentiment also turning negative after a steep fall in Indian Energy Exchange (IEX) shares and weak internals from key mid-tier tech companies.The benchmark Sensex fell 542 points to close at 82,184, while the Nifty 50 shed 158 points to end at 25,062, finishing near its key support level. The Nifty Bank index ended in the red but outperformed the benchmarks, cushioned by gains in PSU banking names following upbeat earnings.
The broader Nifty Midcap 100 dropped 346 points to 58,961, in line with the benchmark’s fall, while market breadth tilted heavily in favour of declines, reflecting wider risk-off sentiment.
IEX shares plunged nearly 30%, marking their biggest-ever single-day fall, after the Central Electricity Regulatory Commission (CERC) cleared a market coupling mechanism, triggering concerns about competition and volume erosion.
Infosys fell 1.4%, giving up early gains despite a Q1 beat, as cautious commentary on FY26 outlook weighed. Persistent Systems and Coforge tumbled between 7% and 9% after mixed results and weaker-than-expected deal metrics.Nestlé India was the biggest laggard on the Nifty, falling over 5% as Q1 earnings missed estimates. In contrast, Eternal surged 4% to top the gainers’ list.
The broader Nifty Midcap 100 dropped 346 points to 58,961, in line with the benchmark’s fall, while market breadth tilted heavily in favour of declines, reflecting wider risk-off sentiment.
IEX shares plunged nearly 30%, marking their biggest-ever single-day fall, after the Central Electricity Regulatory Commission (CERC) cleared a market coupling mechanism, triggering concerns about competition and volume erosion.
Infosys fell 1.4%, giving up early gains despite a Q1 beat, as cautious commentary on FY26 outlook weighed. Persistent Systems and Coforge tumbled between 7% and 9% after mixed results and weaker-than-expected deal metrics.Nestlé India was the biggest laggard on the Nifty, falling over 5% as Q1 earnings missed estimates. In contrast, Eternal surged 4% to top the gainers’ list.
Tata Motors and Samvardhana Motherson rose on hopes of an imminent US–EU trade deal, while Mahanagar Gas dropped 4% after trimming its FY26 volume and margin outlook.
Among financials, Canara Bank and Indian Bank posted strong quarterly results, lifting PSU banking stocks. The Nifty PSU Bank index rose 1%, bucking the broader weakness.
Paytm extended Wednesday’s rebound, closing over 3% higher. Force Motors soared 13% following robust Q1 numbers, while Tilaknagar Industries gained more than 4% on its confirmed acquisition of Imperial Blue whisky from Pernod Ricard.
