Indian Stock Market Today: Sensex, Nifty End Lower, Market Under Pressure

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Sensex fell 307.68 points to close at 76,956.83, while Nifty declined 95.25 points.
Nifty managed to stay above the key 24,000 level despite broad market pressure.
Adani stocks faced heavy selling, while ICICI Bank, Reliance and sugar stocks supported the market.

MUMBAI: The Indian stock market today ended under pressure, with the Sensex falling more than 300 points and the Nifty declining nearly 100 points. However, the Nifty managed to hold above the important 24,000 level despite selling across several sectors.

At the close, the Sensex declined 307.68 points, or 0.40%, to 76,956.83. The Nifty dropped 95.25 points, or 0.39%, while the broader market remained mixed.

Midcap stocks gained 0.24%, but the smallcap index declined 0.74%. Market breadth was weak, with 2,469 shares ending lower compared with 1,588 advances.

Indian Stock Market Today: Sector-Wise Performance

Media and metal stocks were among the biggest sectoral losers, with both indices falling more than 2%. FMCG stocks also remained under pressure, declining 1.69%.

Banking and pharmaceutical stocks offered some support. Private bank stocks gained nearly 1%, helping limit the broader market decline.

The movement showed that investors continued to remain selective, with buying concentrated in specific stocks and sectors despite the overall weakness.

Adani Stocks Face Sharp Selling Pressure

Adani Group stocks came under significant selling pressure during Monday’s session. Adani Enterprises and Adani Ports were among the major Nifty laggards.

Adani Enterprises ended sharply lower, while Adani Ports declined around 7%. The weakness in these heavyweight stocks added pressure to the benchmark indices.

HDFC Bank also failed to maintain its opening gains and ended the session lower. In contrast, ICICI Bank and Reliance Industries were among the key gainers and provided support to the market.

Sugar Stocks Rally Up to 11%

Sugar stocks emerged as one of the strongest pockets of the market. Shares of Balrampur Chini, Shree Renuka Sugars and Mawana Sugars rallied sharply, with gains reaching up to 11%.

The rally in these stocks stood out against the broader market weakness and reflected strong stock-specific buying.

Meanwhile, the Indian rupee strengthened against the US dollar. It closed at 95.16 per dollar, compared with Friday’s close of 95.38.

Why Indian Stocks Remained Under Pressure

According to the market analyst quoted in the source, rising tensions between the US and Iran have increased investor caution. Reduced expectations of a diplomatic breakthrough have pushed crude oil prices and global bond yields higher.

Higher crude prices have renewed concerns about energy-driven inflation, while elevated bond yields have raised worries about interest rates and their potential impact on corporate earnings.

The analyst also pointed to comments from the US Federal Reserve chair following the Jackson Hole address, which have increased expectations of a possible September rate hike. Higher global yields could add to near-term volatility in emerging markets.

Despite these concerns, stock-specific buying helped the broader market recover from its intraday lows. Expectations of healthy Q1FY27 GDP growth, stronger festive demand and improved GST collections provided some support to investor sentiment.

Disclaimer:The information provided in this article is for educational and informational purposes only. It does not constitute investment advice, a recommendation, or an offer to buy or sell any financial instruments. Stock market investments are subject to market risks. Past performance is not indicative of future results. Readers are advised to consult a qualified financial advisor before making any investment decisions. The mtimes.co.in portal is not liable for any losses or damages arising from the use of this information.

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