Stocks of SBI, Bharat Electronics, BPCL, Trent, and TCS were among the top gainers in the Nifty 50 pack, while Bajaj Auto, Hero Motocorp, Bajaj Finserv, Nestle India, and HCL Tech were the top losers.
Auto stocks, along with IT, telecom, and FMCGs, recorded significant losses, while Nifty media gained over 2 per cent. Banking stocks continued to show resilience amidst global trade tensions and continued FIIs selling, which dragged the broader market. As of 12:56 pm, Sensex traded lower by 192.69 points or 0.26 per cent at 72,893.25, dipping below the 73,000 level, while Nifty 50 dropped by 63.00 points or 0.28 per cent to 22,056.30.
State Bank of India saw the highest gain of 2.95 per cent to ₹715.8 after Citi upgraded it to a buy rating from sell and increased the target price to ₹830. Bharat Electronics followed with a 2.58 per cent gain to trade at ₹264.02. BPCL shares rose by 1.71 per cent to ₹246.56, while Trent and TCS saw gains of 1 per cent to trade at ₹4,998 and ₹3,528.1, respectively.
On the losing side, Bajaj Auto and Hero Motocorp fell by 4 per cent and 2.99 per cent to ₹7,406.5 and ₹3,522.1, respectively. Bajaj Finserv declined by 2.50 per cent to ₹1,792.5, Nestle India dipped by 2.11 per cent to ₹2,139.35, and HCL Technology fell by 2.06 per cent to ₹1,540.05.
In total, 436 stocks, including Bajaj Auto, Gensol Engineering, IGIL, and Wendt, hit a 52-week low on the National Stock Exchange. Of the 2,834 stocks that were traded, 1,527 advanced and 1,234 declined.
The market sentiment remained subdued due to various factors, and investors were closely monitoring the ongoing developments to make informed decisions.
