Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.
Indian equity benchmarks, Sensex and Nifty50 snapped a five-day gaining streak as oil prices resumed their rally on a shaky US-Iran ceasefire.
At the closing bell, the BSE Sensex closed lower by 931 points (down 1.2%)
Meanwhile, the NSE Nifty closed 222 points lower (down 0.9%)
Bharat Elec, NTPC, and TCS are among the top gainers today.
Kotak Mahindra Bank, ICICI Bank, and HDFC Bank, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,870, lower by 229 points at the time of writing.
The BSE 150 Midcap index is trading 0.1% higher, and the SE 250 SmallCap index is trading 0.2% higher.
Sectoral indices are trading positively today, with stocks in the metal sector and the power sector witnessing buying. Meanwhile, stocks in the banking sector and real estate sector witnessed selling pressure.
The rupee is trading at Rs 92.5 against the US$.
Gold prices for the latest contract on MCX are trading 0.1% higher at Rs 1,51,900 per gram.
Meanwhile, silver prices were trading 1% lower at 2,37,320 per 1 kg.
Five reasons why Indian share markets are falling:
#1 Weak Global Cues
Global markets remained weak with major Asian indices declining, which put pressure on Indian equities. Rising tensions in the Middle East further hurt investor sentiment.
#2 Inflation Fears
Investors are still worried about inflation despite a short-term ceasefire. Uncertainty in oil prices has led to profit booking and cautious sentiment.
#3 Slowdown in Industrial Demand
India depends on the Middle East for gas, and supply disruptions may lead to shortages. This could slow industrial activity and impact economic growth.
#4 Strait of Hormuz Concerns
Uncertainty over control of the Strait of Hormuz continues after the ceasefire. This may affect global oil supply and increase geopolitical tensions.
#5 FII Selling Pressure
Foreign investors continue to sell heavily in the market, affecting sentiment. Domestic buying offers some support, but overall confidence remains cautious.
Info Edge (India) Q4 FY26 Results
Shares of Info Edge (India) came into focus after the company reported its Q4 FY26 results.
The Recruitment Solutions business grew by about 9.5% in Q4, in line with its full-year growth of 10.0%, despite a high base of 18.4% growth last year. Growth slowed due to global uncertainty and geopolitical issues, particularly affecting the Naukri Gulf segment, which had earlier grown around 20% in the first nine months. These factors also slightly impacted the India B2B recruitment business.
99acres strengthened its market position, with web traffic share rising to 49% from 46% and app traffic share at 53%, including 66% on iOS. Changes in its sales team and processes affected Q4 billings temporarily but are expected to support better growth ahead.
Jeevansathi maintained strong momentum with over 20% growth in Q4 and 28.5% for the full year. Meanwhile, Shiksha faced pressure as AI-driven search reduced traffic, and the business is now adapting its strategy, with results expected over time.
RITES Wins NALCO Railway Project Contract
RITES Limited has received a contract from National Aluminium Company Limited for providing detailed engineering and project management consultancy services.
The work involves building a railway siding at Sankerjang for the Utkal-D coal mines in Phase I and will be executed on a cost-plus turnkey basis under a deposit model.
The contract has been awarded by a domestic entity and is currently ongoing. The total value of the contract has increased from Rs 0.79 billion (bn) crore to Rs 1.18 bn, excluding GST
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