In a challenging trading session, the stock market faced notable declines, with Nifty closing at 24,712.05, reflecting a loss of 255.7 points. The index is currently trading below its 50-Day Moving Average, which itself is positioned above the 200-Day Moving Average, indicating a complex market environment.
The SENSEX also experienced a downturn, closing at 80,786.54, down by 849.37 points. The advance-decline ratio across BSE500 highlighted a significant imbalance, with only 66 stocks advancing against 433 declining, underscoring the prevailing bearish sentiment.

Small-cap stocks were particularly hard hit, with the Nifty Small Cap 100 index down by 2.03%. Among the top gainers in the BSE500, Craftsman Auto and eClerx Services showed resilience, while Balrampur Chini and Sai Life emerged as the top losers.

In sector performance, the NIFTYREALTY sector faced the steepest decline, while NIFTYFMCG managed to post modest gains. Amidst this backdrop, the stock of Britannia Industries stood out as a top large-cap gainer, reflecting some pockets of strength in an otherwise turbulent market. Investors are closely monitoring these developments as they navigate the current landscape.