In a challenging trading session, the market faced significant headwinds, with the BSE 500 index experiencing a decline of 1.24%. The day was marked by a notable downturn across various sectors, with 38 sectors reporting losses. The power sector emerged as one of the most affected, registering a decline of 2.19%, while the S&P BSE Utilities and NIFTYPSE followed closely behind with drops of 2.18% and 2.10%, respectively.
Among the stocks contributing to this downward trend, HPCL stood out with a notable decline of 5.40%, impacting the NIFTYPSE sector. Similarly, ACME Solar Holdings and JSW Energy faced losses of 3.90% and 3.59%, respectively, further weighing down the performance of the utilities and power sectors.

Despite the overall market struggles, the NIFTYPHARMA sector showed some resilience, boasting the best advance-decline ratio of 0.58. This indicates a relatively better performance compared to other sectors, suggesting that investors may be seeking refuge in pharmaceuticals amid broader market volatility. As the market navigates these fluctuations, analysts are closely monitoring the evolving landscape for potential opportunities.