Market Wrap: Nifty and Sensex Close in Red as Energy and Financial Sectors Drag
The Indian stock market ended negative, with Nifty 50 down 0.32% at 25,227.35 and Sensex falling 0.36% to 82,327.05. Energy (-13.76%) and Commercial Services (-13.61%) were the top losing sectors, while Castings, Forgings & Fasteners (2.63%) outperformed. TCS, HCLTech, Adani Enterprises, Infosys, and ICICI Prudential Life Insurance were among the buzzing stocks. Market breadth was bearish with 3,118 declining stocks out of 4,568 traded.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock market ended the trading session on a negative note, with both the Nifty 50 and BSE Sensex closing in the red. The Nifty 50 closed at 25,227.35, down 81.85 points or 0.32% from its previous close. Similarly, the BSE Sensex ended at 82,327.05, declining by 297.07 points or 0.36%.
Sectoral Performance
The market witnessed a mixed bag of sector-wise performance, with some sectors facing significant pressure while others managed to stay afloat.
Top Losing Sectors
| Sector | Average Percentage Change |
|---|---|
| Energy | -13.76% |
| Commercial Services | -13.61% |
| Financial Services | -7.70% |
| Transport Services | -7.33% |
| Logistics & Cargo | -7.23% |
Top Performing Sectors
| Sector | Average Percentage Change |
|---|---|
| Castings, Forgings & Fasteners | 2.63% |
| Aviation | 0.72% |
Buzzing Stocks
Several stocks made headlines during the trading session:
Tata Consultancy Services (TCS): Announced a multi-year partnership expansion with Google Cloud to adopt Gemini Enterprise, an agentic AI platform. TCS also set October 14 as the final day for investors to purchase shares to qualify for its second interim dividend of Rs 11 per equity share.
HCLTech: Successfully closed two large deals in Q2 FY26 and increased its full-year revenue growth forecast to 4-5% in constant currency.
Adani Enterprises: Through its joint venture AdaniConneX, partnered with Google to develop India's largest AI data centre campus in Visakhapatnam, with Google investing approximately $15 billion over five years.
Infosys: Awarded a £1.2 billion, 15-year contract by the NHS Business Services Authority to deliver the Future NHS Workforce Solution. The company is set to announce its Q2 results on October 16.
ICICI Prudential Life Insurance: Reported an 18% year-on-year increase in net profit to ₹296 crore for the second quarter, with improved VNB margin.
Market Breadth
The overall market breadth was negative, indicating a bearish sentiment:
| Category | Number of Scrips |
|---|---|
| Total Scrips Traded | 4,568 |
| Positive Scrips | 1,450 |
| Negative Scrips | 3,118 |
Conclusion
The Indian stock market faced downward pressure primarily due to weakness in the energy and financial services sectors. While some sectors like Castings, Forgings & Fasteners showed resilience, the overall market sentiment remained cautious. Investors will be closely watching upcoming quarterly results and global cues for further market direction.
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