News

The Indian stock market reeled under selling pressure, with frontline indices, the Sensex and the Nifty 50, ending lower for the second consecutive session. Meanwhile, second-rung mid and small-cap indices suffered deeper cuts of over a per cent each on Thursday, November 6.

The Sensex dropped 148 points, or 0.18 per cent, to close at 83,311, while the Nifty 50 ended with a loss of 88 points, or 0.34 per cent, at 25,509.70. The BSE Midcap index fell 1.19 per cent, while the BSE Smallcap index crashed 1.53 per cent.

The overall market capitalisation of BSE-listed firms dropped to below ₹466 lakh crore from nearly ₹470 lakh crore, making investors lose about ₹4 lakh crore in a single session.

The domestic market suffered losses due to profit booking as continuous foreign capital outflow, a lack of fresh domestic triggers, and mixed Q2 results continue to weigh on sentiment.

The market is discounting earnings recovery from Q3 onwards, but uncertainties over US tariffs and their economic fallout keep investors cautious.

"Volatility dominated the domestic market, with broad-based profit booking seen amid continued FII outflows, despite a supportive Asian market. Early optimism from the inclusion of four Indian companies in the MSCI Global Standard Index and strong U.S. macro data was offset by weak domestic PMI readings, indicating softening sentiment," Vinod Nair, Head of Research, Geojit Investments, noted.

Shares of Asian Paints (up 4.64 per cent), Reliance Industries (up 1.47 per cent), and UltraTech Cement (up 1.04 per cent) ended as the top gainers in the Nifty 50 index.

Shares of Grasim Industries (down 6.42 per cent), Hindalco Industries (down 5.39 per cent), and Adani Enterprises (down 4.50 per cent) ended as the top losers in the Nifty 50. As many as 33 stocks ended lower in the index.

Only Nifty IT (up 0.18 per cent) and Auto (up 0.06 per cent) managed to end in the green, even though gains were modest.

Nifty Media (down 2.54 per cent), Metal (down 2.07 per cent), Consumer Durables (down 1.98 per cent), and Realty (down 1.51 per cent) ended with deep losses. Nifty Bank fell 0.47 per cent.

"Most sectors traded lower, though IT stocks remained resilient, supported by in-line earnings and improvement in US macro data," said Nair.

Vodafone Idea (73.14 crore shares), Suzlon Energy (14.72 crore shares), and Easy Trip Planners (11.92 crore shares) were the most active stocks in terms of volume on the NSE.

Maruti Interior Products, NPR Finance, Trade Wings, Libord Finance, SBL Infratech, and Redington were among the 10 stocks that jumped over 15 per cent on the BSE.

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

Read all market-related news here

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.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories

Log in to our website to save your bookmarks. It'll just take a moment.