Indian Stock Market Today: Nifty Ends Below 25,900, Sensex Slumps 550 Points

The Indian stock market witnessed a significant decline on Thursday, with the NSE Nifty 50 and BSE Sensex ending sharply lower. The Nifty 50 index slipped below the 25,900 mark, while the Sensex plummeted 550 points. Financial stocks were the biggest laggards, with Dr. Reddy’s Laboratories Ltd., Cipla Ltd., and HDFC Life Insurance Co being the top losers in the Nifty 50 index.

Nifty 50 Trails Broader Market

The Nifty 50 index trailed the broader market, ending in the red. Coal India was the top gainer in the Nifty 50 index, while Dr. Reddy’s Laboratories Ltd. led the losers’ pack. The Midcap and Smallcap indices ended flat with a mild negative bias.

Sectoral Performance

The Nifty Energy index outperformed, led by Adani Green Energy. On the other hand, the Nifty Financials index was under pressure, with LIC Housing Finance and SBI Cards weighing on the index. The Nifty PSU Bank index snapped its three-day losing streak, with Bank of Maharashtra emerging as the top loser in the Nifty PSU Bank index.

Auto and Metal Sectors

The Nifty Auto index fell for the third consecutive session, dragged by Bajaj Auto and MRF Ltd.. The Nifty Metal index snapped its six-day gaining streak, with Jindal Stainless and SAIL being the top losers.

Rupee Weakens Against US Dollar

The rupee closed 50 paise weaker at 88.70 against the US dollar, compared to its previous close of 88.20 per dollar.

Hyundai Motor India Ltd. Q2 Results

Hyundai Motor India Ltd. reported a double-digit rise in profit in the second quarter of the financial year 2025. The company’s consolidated net profit surged 14% year-on-year to Rs 1,572 crore in the July-September quarter.

The company’s revenue rose 1.2% to Rs 17,461 crore, while its EBITDA increased 10.1% to Rs 2,429 crore. The company’s margin stood at 13.9%, compared to 12.8% in the same quarter last year.

Key Takeaways

The Indian stock market witnessed a significant decline on Thursday, with the Nifty 50 and Sensex ending sharply lower. Financial stocks were the biggest laggards, while the Nifty Energy index outperformed. The rupee weakened against the US dollar, and Hyundai Motor India Ltd. reported a double-digit rise in profit in the second quarter.

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