The Indian stock market faced a challenging day, with the Sensex trading at 80,822.07, down 337.61 points or 0.42%. After an initial drop of 203.67 points, the index struggled to recover, remaining below its 50-day moving average, which is currently above the 200-day moving average.
Out of 37 sectors, only 2 managed to advance, while a significant 35 sectors declined. The S&P BSE Telecommunication sector was the hardest hit, falling by 2.11%, while the REALTY sector emerged as the top gainer with a modest increase of 0.24%.

The advance-decline ratio across the BSE500 reflected a stark disparity, with 69 stocks advancing against 430 declining, resulting in a ratio of 0.16x. The BSE100, MIDCAP, and SMLCAP indices also experienced declines of 0.57%, 1.14%, and 1.47%, respectively.

Among the top gainers in the BSE500, Tata Investment Corporation led with a rise of 5.22%, followed by Godrej Agrovet at 3.73% and Jupiter Wagons at 3.44%. Conversely, Laurus Labs was the biggest loser, plummeting by 7.13%, with Waaree Energies and Vodafone Idea also facing significant losses. In the large-cap segment, Larsen & Toubro stood out with a gain of 3.42%, while PB Fintech dropped by 3.33%.