As the markets opened on Wednesday, the BSE Sensex fell over 100 points while the NSE Nifty 50 slipped below the 25,700 mark in a volatile session dominated by sector-specific action. Weakness in frontline technology stocks such as Infosys, TCS and HCLTech weighed the most on the indices, reflecting persistent concerns over the sector’s growth outlook amid the rapid shift towards artificial intelligence-led business models.
However, losses were partially capped by strong buying in metal counters. Tata Steel and JSW Steel emerged among the top gainers after positive global cues linked to steel and aluminium tariffs improved sentiment for the sector. Gains in banking stocks, led by State Bank of India, also helped prevent a sharper fall.
The broader market mirrored the cautious mood, with mid-cap and small-cap indices trading on a flat-to-negative note. Most sectoral indices ended in the red, highlighting the lack of broad-based momentum.
Global cues remained mixed. Asian markets traded with mild gains, while investors continued to track the US interest-rate trajectory and movements in global technology stocks. The uncertainty kept domestic traders from taking large directional positions.
Stock-specific action continued in the infrastructure and capital-goods space on the back of fresh order wins, while select FMCG and tobacco stocks saw buying interest after price hike expectations.
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