Overview

• Sensex fell nearly 800 points to 81,347 as Nifty slipped below 25,000 after months.

• Banking and IT stocks led losses amid rising volatility and foreign outflows.

• Rupee hit record lows while gold and silver surged as safe havens.

The Indian stock market today showed bearish signals. Benchmark indices tumbled amid growing global trade tensions and sustained foreign investor outflows. Sensex was trading at 81,347 points, down 833 points or 1.01% at press time. Meanwhile, Nifty stood at 24,990, falling 243 points or 0.96%. BSE Midcap and Smallcap indices declined nearly 2% each. BSE Smallcap index tumbled 810.56 points or 1.70% to 46,908.51.

Here’s what happened in the stock market today, based on Moneycontrol data. 

Banking Stocks Under Pressure

Nifty Bank index plunged 842.80 points or 1.42% to 58,561.40. Nifty Private Bank index extended its losing streak for the third straight session, with ICICI Bank, IDFC First Bank, and HDFC Bank leading the decline.

ICICI Bank was one of the most active stocks, trading at Rs. 1,344, down 2.3% with a turnover of Rs. 1,353 crore. The stock saw block deals, with 1.49 million shares changing hands.

HDFC Bank stock also saw heavy selling, with the stock trading at Rs. 924, down 0.82%. A total of 3.59 million shares traded in two separate blocks, according to Bloomberg data. Kotak Mahindra Bank saw 1.93 million shares traded in a block deal.

IT Sector Extends Losses

Nifty IT index shed 1%, extending its fall for the third consecutive day. COFORGE led the losers, plunging 4.68%, followed by Persistent Systems, which dropped 4.06% despite reporting strong quarterly results. LTIMindtree fell 3.09%, while Infosys and HCL Technologies also traded lower.

Share Market News: Corporate Updates and Earnings

United Spirits reported a 24.8% jump in Q3 profit to Rs. 418 crore, with revenue rising 7.6% to Rs. 3,694 crore. However, the stock traded lower at Rs. 1,284, down 2.63%.

SRF posted a strong 59.6% rise in consolidated profit to Rs. 432.66 crore for Q3. The company's board approved setting up a new pharma intermediates facility at Dahej with an investment of Rs. 180 crore.

Persistent Systems announced robust Q3 results with profit jumping 17.8% to Rs. 439.4 crore and revenue soaring 23.4% to Rs. 3,778 crore. Despite the strong numbers, the stock fell 4.52% in the Indian stock market.

JSW Energy's subsidiary signed a Power Purchase Agreement with West Bengal State Electricity Distribution Company for a 1,600 MW thermal power plant in Salboni.

Key Gainers and Losers

In the stock market today, Eternal, Hindalco, Interglobe Aviation, JSW Steel, and Sun Pharma were among the few gainers on Nifty. On the other hand, Infosys, HCL Technologies, Bharat Electronics, and Apollo Hospitals witnessed significant selling pressure. Nifty Defence index slipped 2%, with Dynamatic Technologies, Cyient DLM, and BEML leading the losses. Nifty Media index extended its fall for the fourth straight day.

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Gold Prices Soar to Record Highs

While the stock market today struggled, gold emerged as the clear winner. Spot gold price went above $4,800 per ounce for the first time in history, surging to a record $4,843 earlier in the session. Rising global uncertainty amid escalating trade tensions and US President Donald Trump's Greenland remarks drove investors toward safe-haven assets. Silver also touched $95 for the first time, hovering near record levels.

Rupee Hits Fresh Record Low

Adding to market woes, Indian rupee hit a fresh record low of 91.38 against the dollar, falling 0.4% from its previous close. The currency weakened for the sixth consecutive day and underperformed all Asian peers. Foreign outflows from Indian equities and delays in a potential India-EU trade deal weighed heavily on the rupee.

Also Read: Best AI-Powered Energy Stocks to Buy and Hold Forever in 2026

Investor Outlook

The Indian stock market today may continue to face headwinds from global trade tensions and sustained FII outflows. Immediate support for Nifty lies at 25,050-25,100 levels. Any recovery will depend largely on banking and IT stocks' performance, while fairly-valued large cap stocks may offer resilience.

FAQs

1. Why did the Indian stock market fall today?

There was heavy selling by foreign investors, light volume from international buyers and sellers, and increasing market uncertainty. Investors were cautious amid many factors contributing to uncertainty. The market saw widespread selling across several industries, especially in banking, information technology, and midcap stocks.

2. Why is Nifty falling below 25,000 important?

If the Nifty is below 25000, it breaks through a key psychological and technical support level. This indicates that there is no trust or confidence in the market and if buyers do not enter soon, there will likely be continued selling pressure.

3. Why are banking stocks under pressure?

Banking stocks are declining due to large outflows of foreign investment, block trades, and rising risk aversion in the market. Many banks, such as ICICI and HDFC, have seen large volumes of activity that have caused the overall index to decline.

4. Why did the rupee hit a record low against the dollar?

Indian rupee has fallen due to a prolonged period of foreign investment outflows, uncertainty in global trade, and delays in global trade agreements. In addition, the strength of the dollar and the weak overall risk sentiment have further weakened the rupee.

5. Why are gold and silver prices rising sharply?

Gold and silver prices have risen sharply amid increased investor demand for safe-haven assets. Factors such as heightened tensions between countries, volatility in stock prices, and the weak rupee have created a high level of demand for precious metals during a time of uncertainty.