In a challenging trading session today, the Sensex has experienced a notable decline, falling by over 500 points to settle at 81,551.74. This downward trend is reflected across the broader market, with a significant majority of sectors facing losses. Out of 38 sectors, only one managed to advance, highlighting the prevailing bearish sentiment among investors.
Among the large-cap stocks, Bajaj Finance emerged as a notable loser, while Dr. Reddy's Labs stood out as a rare gainer, reflecting the mixed performance within this segment. The mid-cap and small-cap indices also faced pressure, with several stocks experiencing significant declines. Notably, Phoenix Mills and Tatva Chintan were among the top gainers in their respective categories, showcasing resilience amid the overall market downturn.

As the market grapples with these fluctuations, investors are closely monitoring upcoming earnings reports from key players such as Kotak Mahindra Bank and Balkrishna Industries, scheduled for later this month. The current market dynamics, characterized by a decline in the advance-decline ratio, suggest a cautious approach among traders as they navigate through this volatile environment.