In a day marked by volatility, the Sensex experienced a notable decline, closing down at 81,716.14, reflecting a loss of 477.48 points. This downturn comes as the index trades below its 50-Day Moving Average, which itself is positioned above the 200-Day Moving Average, indicating a potential shift in market sentiment.
Among the large-cap stocks, Wipro emerged as a standout performer, gaining 2.23%, while Axis Bank faced significant pressure, dropping nearly 4%. The mid-cap segment showed mixed results, with Whirlpool India gaining 2.88%, contrasting with Clean Science, which fell by 7.59%. The small-cap arena was particularly turbulent, highlighted by Vimta Labs soaring 10.02%, while Valor Estate plummeted by 15.65%.

The advance-decline ratio across the BSE500 reflected a challenging environment, with 132 stocks advancing against 365 declining. The banking sector, in particular, faced headwinds, contributing to the overall market decline. As investors await upcoming earnings reports from major players like ICICI Bank and Reliance Power, market participants remain cautious, navigating through the current landscape of fluctuating stock performances.