Sensex fell 397 points and Nifty lost 101 points amid widespread selling pressure, with banking and IT leading declines.
Bajaj Electricals surged 7.48% after acquiring Morphy Richards brand, while Reliance announced a Rs. 1,156 crore investment.
FIIs sold Rs. 3,551 crore worth of shares, while DIIs supported the market with Rs. 2,670 crore inflows.
The Indian stock market today was on a downward trend, with benchmark indices seeing declines. BSE Sensex was at 81,704.52 points, declining by 397.58 points or 0.48% from the previous session at press time. Similarly, Nifty 50 index settled at 25,067.80, down 101.70 points or 0.40%. The broader market also witnessed selling pressure, with BSE Smallcap index falling 189.06 points to close at 53,854.64.
Banking stocks dipped, with Nifty Bank index dropping 411.45 points to 55,098.30, a decline of 0.74%. The technology sector also struggled, as Nifty IT index fell by 297 points to 34,952.10, a 0.84% decrease. The stock market today reflected widespread selling pressure as investors booked profits following recent gains in multiple sectors. Let’s see in detail the stock market analysis based on Moneycontrol Live Updates.
The stock market today witnessed sector-wide weakness, with most indices trading in negative territory. Except for PSU Bank stocks, all major sectoral indices declined, with the IT, telecom sector, and real estate segment falling between 0.5% and 1%. Auto stocks, which had rallied recently following the GST cuts, faced profit booking as investors cashed in on gains.
Foreign Institutional Investors (FII) continued their selling spree, with net outflows of Rs. 3,551.19 crore on September 23, while Domestic Institutional Investors (DII) provided support with net inflows of Rs. 2,670.87 crore.
Among the top gainers on the Nifty 50, NTPC shares led with a 1.31% increase to Rs. 347.50, followed by Asian Paints, which rose 1.07% to Rs. 2,473. Maruti Suzuki also performed well, gaining 0.85% to reach Rs. 16,234.
On the flip side, Tata Motors share price lost the most, declining 2.05% to Rs. 687. The stock faced selling pressure as the automotive sector stocks retreated from recent record highs amid profit-booking activities. Wipro also declined significantly, falling 1.47% to Rs. 245.96, while Hero MotoCorp dropped 1.37% to Rs. 5,297.
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The share market news today was dominated by many corporate announcements. Reliance Consumer Products announced plans to invest Rs. 1,156 crore in establishing a new integrated manufacturing facility in Tamil Nadu's Thoothukudi district. This multi-product hub will focus on regional snacks, biscuits, spices, and other food staples.
Bajaj Electricals made headlines with its board's approval to acquire the 'Morphy Richards' brand for Rs. 146 crore, as per NDTV Profit. The acquisition covers territories including India, Nepal, Bhutan, Bangladesh, the Maldives, and Sri Lanka. Following this announcement, Bajaj Electricals surged 7.48% to Rs. 620.10.
HCL Technologies renewed its digital transformation agreement with a Sweden-based commercial vehicle manufacturer for AI-powered services, according to the company’s official website. The stock gained 0.80% to Rs. 1,441.25, though it is below its 52-week high of Rs. 2,011.
According to CNBC TV 18, VIP Industries witnessed management changes as Neetu Kashiramka resigned as Managing Director. Atul Jain is taking over the position for a five-year term. The stock responded positively, gaining 0.84% to Rs. 442.50.
Larsen & Toubro formed a strategic alliance with Bharat Electronics Limited. It is to support the Indian Air Force's Advanced Medium Combat Aircraft program. On the other hand, Dilip Buildcon's joint venture secured a Rs. 1,115.37 crore project from Kerala Industrial Corridor Development Corporation, as reported by Business Standard.
The NSE report says that Swan Defence signed an exclusive partnership with Royal IHC to design and build offshore vessels. Meanwhile, Poly Medicure increased its holding in the PendraCare Group to 90% through its Netherlands subsidiary, as reported by scanx.trade.
Also Read: Stock Market Today: Nifty Drops 87 Points, Sensex Loses 287; Auto Sector Outshines as Maruti Hits 52-Week High
Despite the decline, Indian stock market today showed underlying strength with selective stock performances and ongoing corporate developments. The current correction may provide entry opportunities for long-term investors. However, near-term volatility is expected to persist amid global uncertainties and profit-booking activities across sectors. Investors should keep a close eye on macroeconomic developments and key indices.
1. Why did the Indian stock market fall today?
The Indian stock market declined due to widespread profit booking across sectors, especially banking, IT, and auto. Investors sold shares after recent gains, while global uncertainties and heavy selling by FIIs added more pressure to indices.
2. Which sectors were most affected in today’s trading session?
The banking and IT sectors led today’s decline, with Nifty Bank falling 0.74% and Nifty IT down 0.84%. Auto stocks also dropped after recent gains, while only PSU banks showed resilience.
3. Were there any positive performers despite the overall market fall?
Yes, selective stocks performed well. NTPC rose 1.31%, Asian Paints climbed 1.07%, and Maruti Suzuki gained 0.85%. Bajaj Electricals surged 7.48% after its Morphy Richards acquisition boosted investor sentiment.
4. How did foreign and domestic institutional investors trade today?
Foreign Institutional Investors (FIIs) continued their selling streak, pulling out Rs. 3,551 crore. In contrast, Domestic Institutional Investors (DIIs) supported the market with inflows of Rs. 2,670 crore.
5. What is the market outlook for the coming days?
The outlook remains cautious. While selective stocks and corporate moves show strength, profit booking and global uncertainties may drive volatility. Long-term investors may see current corrections as entry opportunities.
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