The Indian stock market faced a challenging day, with significant declines across major indices. The BSE500 reported a stark advance-decline ratio of 70 advances to 430 declines, reflecting a bearish sentiment. The BSE100, MIDCAP, and SMLCAP indices fell by 0.58%, 1.05%, and 1.45%, respectively, indicating a broad market downturn.
The SENSEX, after opening down by over 200 points, is currently trading at 80,779.31, down 0.47%. This performance places the index below its 50-day moving average, although the 50-day moving average remains above the 200-day average, suggesting a potential long-term bullish trend.

Among the top gainers in the BSE500, Tata Investment Corporation led with a rise of 5.95%, followed by Godrej Agrovet at 4.07% and Larsen & Toubro at 3.56%. Conversely, Vodafone Idea suffered the most significant loss, plummeting by 6.34%, with Waaree Energies and Laurus Labs also experiencing declines of 6.02% and 5.87%, respectively.

In sector performance, only one out of 38 sectors advanced, with the REALTY sector gaining 0.44%, while NIFTYPHARMA was the top loser, down 2.30%. Overall, the market's performance today underscores a prevailing cautious sentiment among investors.