Sensex Ends More Than 600 Points Lower; Nifty Ends At 24,826 As Headline Indices End Gaining Spree

Sensex, Nifty Today: The headline indices ended a two-session gaining streak as the 30-share Sensex and the Nifty 50 closed lower by as much as 0.76 per cent. The Sensex ended at 81,551.63, declining 624.82 points, and the Nifty 50 closed lower by 174.95 points at 24,826.2 amid likely profit booking following two sessions of back-to-back gains.

Ultratech Cement and JSW Steel Emerge As Top Drags

Ultratech Cement, JSW Steel, ITC and Tata Motors emerged as top drags, closing lower by as much as 2.28 per cent on the NSE. On the other hand, shares of Jio Financial Services, IndusInd Bank, Trent Ltd and three other stocks bucked the trend to close higher by up to 3.87 per cent on the NSE. As many as 40 Nifty constituents of the index closed lower.

Broader Market Indices Extend Gains

The Nifty MidCap 100 and the Nifty SmallCap 100 bucked the trend amid a decline in the headline indices. The key broader market indices closed higher by up to 0.15 per cent, extending gains for the third straight session. Sectoral indices such as the Nifty Auto and Nifty FMCG declining the most as they closed lower by as much as 0.88 per cent. The Nifty Pharma and the Nifty Realty index ended higher by as much as 0.24 per cent.

Global Markets

European indices like the DAX Performance Index, CAC 40 and FTSE 100 gained up to 0.94 per cent at the time of writing. Asian indices traded mixed, with the Nikkei 225, Straits Times and Hang Seng trading higher by up to 0.94 per cent. However the Shanghai Composite traded lower by 0.18 per cent at the time of writing.

Primary Market Action

The public issues of four companies opened for bidding today, these include Astonea Labs Ltd, Prostarm Info Systems Ltd, Blue Water Logistics Ltd and Nikita Papers Ltd. On the other hand, shares of Borana Weaves Ltd made their D-street debut on the NSE and BSE today. Shares of Borana Weaves Ltd listed with a premium of 13 per cent at Rs 243 on both the NSE and BSE.

Market Cues

D-street is expected to factor in primary macroeconomic data later in the week, such as the Industrial production and manufacturing output numbers for the month of April 2025, which will be released on Wednesday, and the first quarter GDP data, which will be released later in the week.