The Indian stock market witnessed sharp selling pressure today as benchmark indices closed significantly lower. Weak global cues and heavy selling in IT and realty stocks dragged the market down despite mild support from PSU banking stocks.
Sensex dropped nearly 780 points
Nifty 50 slipped below the crucial 25,500 mark
Broader markets also faced pressure
Nifty Midcap Index down 0.4%
Nifty Smallcap Index down 0.4%
Investors remained cautious amid volatility in global markets and sectoral weakness in IT and telecom shares.
The Nifty IT Index declined around 3%, becoming the biggest laggard of the day. Heavyweight IT stocks saw strong selling pressure due to concerns over global demand and currency fluctuations.
Real estate and telecom stocks also traded in the red, adding to the overall market weakness.
In contrast, the Nifty PSU Bank Index gained around 0.5%, offering limited support to the broader market. Select public sector banks witnessed buying interest during the session.
Here are some of the most actively traded stocks today:
Infosys
TCS
IDFC First Bank
Nippon India Silver ETF
Eternal
IT giants Infosys and TCS were among the top losers, contributing significantly to the market decline. Meanwhile, IDFC First Bank remained in focus amid heavy trading volumes.
Key reasons behind today’s decline:
Weak global market sentiment
Selling pressure in IT heavyweights
Profit booking after recent rallies
Cautious investor mood ahead of global economic data
Nifty has slipped below the psychological 25,500 level, which may act as immediate resistance now.
If selling continues, the next support zone could be around 25,300–25,200.
A recovery above 25,600 may restore short-term bullish sentiment.
Today’s session reflects rising volatility in the market. While PSU banks provided limited support, heavy selling in IT and realty stocks dragged the indices lower. Traders are advised to remain cautious and avoid aggressive positions until clear directional momentum emerges.
Long-term investors can use market dips to accumulate fundamentally strong stocks gradually.