In a challenging trading session, the market is experiencing notable declines, with the SENSEX currently at 80,834.16, reflecting a significant loss. The advance-decline ratio across the BSE500 indicates a stark imbalance, with a mere 73 stocks advancing against 427 declining. This trend is echoed in the performance of various market caps, with small caps and mid caps both showing downward movement.
Among the top gainers today, Jubilant Ingrev. stands out with a notable increase, while Oil India also shows resilience in the mid-cap sector. Conversely, Tata Tele. Mah. and Canara Bank are among the top losers, highlighting the volatility in the large-cap space. The NIFTYPSUBANK sector is particularly under pressure, leading the decline among sectors.

Despite the overall downturn, the SENSEX has shown some recovery from its earlier lows, bouncing back by over 400 points after a steep opening drop. The index remains above its 50-day moving average, which is a positive indicator for long-term investors. As market participants navigate these fluctuations, adjustments in evaluations for various stocks, including Canara Bank, reflect the ongoing shifts in investor sentiment and market dynamics.