The Indian stock market faced a challenging day, with significant declines across most sectors. Out of 38 sectors, only two managed to advance, while a staggering 36 sectors saw losses. The NIFTYMEDIA sector was the hardest hit, dropping by 2.54%, while the NIFTYIT sector showed a slight gain of 0.18%. The broader market reflected this trend, with the SENSEX trading at 83,311.01, down by 148.14 points or 0.18%. The Nifty index closed at 25,509.70, down 87.95 points, marking a decline of 0.34%. Notably, the Nifty is currently 2.33% away from its 52-week high of 26,104.20 and remains above its 50-day moving average. In terms of individual stock performance, Bajaj Holdings emerged as the top large-cap gainer with an increase of 8.17%. In the mid-cap segment, Astral gained 6.74%, while Redington led the small-cap category with a remarkable rise of 15.72%. Conversely, Delhivery was the top mid-cap loser, falling by 9.04%, and Worth Investment plummeted by 19.95% in the small-cap space. The advance-decline ratio across the BSE500 was notably weak, with only 88 advances against 412 declines.