Mumbai stocks slipped on Thursday, as investors pulled money out and global markets stayed weak.
The benchmark Sensex closed at 83,311.01, down 148.14 points or 0.18 %. The 30‑share index had opened the day higher, but sales in banking, financial services and ear‑earlier global declines erased the early gains.
The broader Nifty 50 finished at 25,509.70, down 87.95 points or 0.34 %.
“Volatility was the theme for the day,” says Vinod Nair, head of research at Geojit Investments. “Foreign investors were draining cash even as some U.S. data turned out better and four Indian names joined the MSCI Global Standard Index. Still, weak domestic PMI numbers and strong selling in banks and FMCG weighed on sentiment.”
Most sectors fell. Banks slid 0.47 % (Nifty Bank down 272 points). Financial services lost 0.60 % (from 162‑point drop). Fast‑moving goods (FMCG) slipped 0.19 % (103‑point fall). Technology stocks were the only bright spot, holding steady thanks to solid earnings and improving U.S. macro data.
Top losers from the Sensex mix included PowerGrid, Eternal, BEL, Bajaj Finance, ICICI Bank, Titan, NTPC, Tata Steel, Bharti Airtel, Kotak Bank, L&T and Bajaj Financial Services. Winners were Asian Paints, Mahindra & Mahindra, Tata Consultancy Services (TCS), Maruti Suzuki and Tata Motors.
Small‑cap and mid‑cap indices followed the trend. Nifty Small Cap 100 fell 1.39 % (255 points). Nifty Midcap 100 dropped 0.95 % (568 points). The overall Nifty 100 slid 0.49 % (129 points).
With foreign investors still pulling out funds and domestic growth data showing softness, the market looks set for cautious trading ahead of the next earnings cycle.
Source: ianslive
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