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The Sensex fell 375 points, or 0.45 per cent, to end at 82,259.24, while the Nifty 50 settled at 25,111.45, down 101 points, or 0.40 per cent. However, the mid and small-cap segments outperformed. The BSE Midcap index inched up by 0.07 per cent, while the BSE Smallcap index rose 0.30 per cent.

Weak Q1 earnings, stretched valuation and foreign capital outflow are keeping market sentiment fragile.

Shares of Infosys, HDFC Bank, Reliance Industries and ICICI Bank ended as the top drags on the Sensex.

"Indian equity benchmarks ended marginally lower as investors exercised caution amid subdued Q1 earnings announcements, particularly in the technology and banking sectors," Vinod Nair, Head of Research, Geojit Investments Limited, observed.

"Market participants remained sidelined due to elevated valuations of large-cap stocks and FII outflows owing to the uncertainty regarding the US-India trade deal; however, any positive developments could amplify market sentiment. Despite the muted trend, strong domestic liquidity and selective buying in realty and consumption theme stocks helped to limit the downside, keeping the broader market in a range-bound phase," said Nair.

Tata Consumer (up 2.01 per cent), Tata Steel (up 1.68 per cent), and Hindalco Industries (up 0.79 per cent) closed as the top gainers in the Nifty 50 index.

Some 31 stocks ended in the red in the Nifty 50 index, among which IT-etf-share-price-nse-bse-e00223" data-vars-anchor-text="Tech" data-vars-link-type="Auto" data-vars-page-type="story">Tech Mahindra (down 2.72 per cent), IndusInd Bank (down 1.90 per cent) and Infosys (down 1.67 per cent) ended as the top losers in the index.

Sectoral indices ended mixed on Thursday, with Nifty Realty (up 1.24 per cent), Metal (up 0.67 per cent), and Consumer Durables (up 0.50 per cent) ending with decent gains.

On the other hand, Nifty IT (down 1.39 per cent), PSU Bank (down 0.79 per cent), and Private Bank (down 0.58 per cent) lost significantly.

Nifty Bank fell 0.59 per cent, while the Financial Services index lost 0.40 per cent.

Vodafone Idea (34.51 crore shares), Alok Industries (27.42 crore shares), and Ola Electric Mobility (16.84 crore shares) were the most active stocks in terms of volume on the NSE.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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