NewsMarketsMarkets at Noon: Nifty and Sensex Slip as Commercial Services and Textiles Lead LossesMarkets at Noon: Nifty and Sensex Slip as Commercial Services and Textiles Lead Losses
Indian markets are trading in the red at midday, with Nifty 50 at 25,159.50 (-0.27%) and Sensex at 82,115.12 (-0.26%). Commercial Services (-18.66%) and Textiles (-13.15%) sectors face significant pressure, while Aviation shows resilience (+0.27%). Key stocks making headlines include TCS (Google Cloud partnership), HCLTech (large deals closure), Tata Motors (post-demerger trading), Prestige Group (Mumbai project launch), and Tata Steel (contesting demand notice).
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are trading in the red at midday, with both benchmark indices showing marginal declines. The Nifty 50 is currently at 25,159.50, down 0.27% from its previous close, while the BSE Sensex stands at 82,115.12, down 0.26%.
Sectoral Performance
The markets are witnessing a mixed bag of sector-wise performance, with some sectors facing significant pressure.
Top Losing Sectors
| Sector | Average Percentage Change |
|---|---|
| Commercial Services | -18.66% |
| Textiles | -13.15% |
| Energy | -13.00% |
| Financial Services | -12.45% |
| Realty | -12.19% |
Top Performing Sector
The Aviation sector is showing resilience, with an average percentage change of 0.27%.
Buzzing Stocks
Several stocks are making headlines today:
Tata Consultancy Services (TCS): Announced a multi-year partnership expansion with Google Cloud to adopt Gemini Enterprise, an agentic AI platform. TCS has 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 that had been delayed from Q1. The company has increased its full-year revenue growth forecast to 4-5% in constant currency.
Tata Motors: Shares opened at Rs 399.00, down from Monday's close of Rs 660.90, following the demerger of its commercial vehicles business. The stock is currently trading at Rs 391.00 after price discovery.
Prestige Group: Launched Prestige Garden Trails, a residential development in Mumbai's Dahisar-Mira Road corridor with a Gross Development Value of Rs 2,000 crore.
Tata Steel: Contesting a Rs 1,902.72 crore demand from the Office of Deputy Director of Mines, Jajpur, related to alleged shortfall in mineral dispatch from its Sukinda Chromite Block.
Conclusion
As the trading session progresses, the markets are showing a slight downward trend with significant sectoral divergences. Commercial Services and Textiles sectors are facing the most pressure, while Aviation is the sole gainer among major sectors. Investors are closely watching the developments in key stocks like TCS, HCLTech, and Tata Motors for further cues.
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