Stocks market today: Sensex drops 504 pts to 83,313; Nifty ends below 25,700

Benchmark indices ended within the pink on Thursday, snapping a three-session successful streak as profit-booking weighed on sentiment. The BSE Sensex fell 504 factors to settle at 83,314, whereas the NSE Nifty50 declined 133 factors to shut at 25,643, with each indices slipping over 0.5 per cent.

Market breadth remained firmly damaging. Of the 50 Nifty constituents, a majority closed decrease, with Hindalco, Everlasting, Bharti Airtel, BEL and SBI Life among the many high laggards. The advance-decline ratio on the NSE stood at 1:2, underscoring broad-based promoting stress. Nifty Financial institution shed 175 factors to finish at 60,064, whereas the Nifty Midcap index dropped 167 factors to 59,517.

Sectorally, IT shares prolonged losses, with Mphasis, Infosys and Coforge falling greater than 1 per cent every amid continued weak spot within the pack. Steel shares additionally got here underneath stress, with Hindustan Zinc tumbling 5 per cent after silver costs slumped 11 per cent.

On the gainers’ aspect, Trent rose 3 per cent after its third-quarter earnings buoyed investor sentiment. Web page Industries climbed practically 4 per cent following its Q3 outcomes, whereas IOC gained near 2 per cent on a 59 per cent quarter-on-quarter soar in web revenue. Cummins India superior 5 per cent on optimism round development in its knowledge centre enterprise.

Within the broader market, PB Fintech surged 8 per cent after cancelling a board assembly to contemplate a Certified Institutional Placement (QIP), rising as the highest midcap gainer. Tube Investments, nevertheless, plunged 10 per cent after its quarterly earnings, marking the sharpest decline within the section.