Although the benchmark indices opened lower, they traded on a negative note throughout the session and ultimately closed red.
Indian equity benchmarks indices, Sensex and Nifty50 ended sharply lower as FMCG, PSU Bank, and IT shares weighed.
At the closing bell, the BSE Sensex closed 547 points lower (down 0.7%)
Meanwhile, the NSE Nifty closed 157 points lower (down 0.7%)
Bharat Elec, Kotak Mahindra, HCL Tech are the top gainers today.
ITC, HUL, Tech Mahindra on the other hand, were among the top losers today.
The GIFT Nifty was trading at 22,368 with 234 points lower at the time of writing.
The BSE 150 Midcap index is trading 0.03% lower and the BSE 250 SmallCap index is trading 1% higher.
Sectoral indices traded mixed today, buying interest witnessed in the stocks of realty sector and realty sector. Meanwhile, stocks in PSU bank sector and metal witnessed selling pressure.
3 Reasons why Indian share markets are falling:
#1 Selloff in Banking, IT, And Other Major Stocks:
Banking and IT stocks fell sharply, pulling the Sensex and Nifty lower. Other major stocks also declined as investors booked profits amid weak global signals and rising oil prices.
#2 Dollar Near An 18-Month High:
The dollar index rose to around 102.5 due to rising tensions between the US and Iran, increasing fears of inflation. A stronger dollar makes Indian markets less attractive to foreign investors, leading to more selling and putting pressure on the rupee and stock markets.
#3 Heavy FPI Selling:
Foreign Portfolio Investors (FPIs) have been selling Indian stocks heavily, putting pressure on the market. High US bond returns and rising crude oil prices are encouraging foreign investors to move their money out of India, causing the Sensex and Nifty to remain under pressure.
The rupee is trading at Rs 95.6 against the US$.
Gold prices for the latest contract on MCX are trading 1.12% lower at Rs 1,49,800 per 10 grams.
Meanwhile, silver prices were trading 0.8% lower at 2,23,870 per 1 kg.
Swaraj Engines Q2 FY27 Results
Shares of Swaraj Engines came into focus after the company reported its Q2 FY27 results.
Swaraj Engines reported a 21.9% year-on-year (YoY) increase in Q2 FY27 net profit to Rs 605.7 million (m), compared with Rs 496.8 million in the same quarter last year.
Revenue from operations rose 26% to Rs 6,351.9 m from Rs 5,040.4 m, while operating profit increased 27.1% to Rs 864.5 m from Rs 680.3 m.
Supported by steady customer demand, the company sold 61,216 engines in Q2 FY27, up from 51,164 units in the corresponding quarter last year.
For H1 FY27, engine sales grew 18% year-on-year to 118,019 units from 100,204 units in the same period of the previous fiscal year.
Swaraj Engines was established in 1989 it manufactures diesel engines specifically for tractors in the range of 22 HP to above 65 HP and hi-tech engine components.
Poonawalla Fincorp Q2 FY27 Results
Shares of Poonawalla Fincorp came into focus after the company reported its Q2 FY27 results.
Poonawalla Fincorp reported a nearly five-fold increase in consolidated profit to Rs 3.75 billion (bn) in Q2 FY27, compared with Rs 0.74 bn in the same quarter last year, driven by higher interest income. Total income rose to Rs 26.25 bn from Rs 15.43 bn, while interest income increased to Rs 24.16 bn from Rs 14.02 bn year-on-year.
The company's assets under management (AUM) stood at Rs 740.08 bn as of September 30, 2026.
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