Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.
Indian equity benchmarks, Sensex and Nifty50, ended sharply lower as realty and financial services stocks declined amid mixed global cues.
At the closing bell, the BSE Sensex closed lower by 961 points (down 1.17%)
Meanwhile, the NSE Nifty closed 311 points lower (down 1.2%)
HCL Tech, Trent, and Infosys are among the top gainers today.
Sun Pharma, M&M, and Bharti Airtel, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 25,285, lower by 380 points at the time of writing.
The BSE MidCap index ended 1.5% lower, and the BSE SmallCap index ended 2.2% lower.
Sectoral indices are trading negatively today, with stocks in the real estate sector and the telecommunication sector witnessing selling pressure.
The rupee is trading at Rs 90.9 against the US$.
Gold prices for the latest contract on MCX are trading 0.2% higher at Rs 160,139 per gram.
Meanwhile, silver prices were trading 2% higher at 2,73,800 per 1 kg.
Three reasons why Indian share markets are falling:
#1 FII and DII Activity
Foreign institutional investors (FIIs) and domestic institutional investors (DIIs) showed mixed activity, with FIIs recently turning net sellers while DIIs continued buying. This, along with weak global cues and broad sectoral losses, kept markets under pressure and investors cautious.
#2 Global Cues Weigh on Sentiment
US tech stocks, including Nvidia, fell sharply despite strong results, pulling Asian markets lower and putting pressure on Indian equities.
#3 Selling Seen Across Sectors
Most sectors opened under selling pressure, with losses seen in auto, banking, FMCG, metals, pharma, realty, healthcare, oil & gas, and consumer durables. Major Sensex stocks also declined, while a few sectors like IT and media, along with select individual stocks, saw modest gains, leaving the broader market weak but partially supported.
Foseco India Q3 Results
In the news from the chemicals sector, shares of Foseco India came into focus after the company reported Q3 results.
During Q3 FY26, Foseco India reported an 8.1% year-on-year increase in revenue, which rose to Rs 1.48 billion from Rs 1.36 billion in the same quarter last year. However, the company's net profit fell 20.5% to Rs 0.16 billion from Rs 0.20 billion in Q3 FY25.
Revenue from other income declined to Rs 0.05 billion from Rs 0.06 billion, while total expenses increased 8.1% to 1.26 billion from Rs 1.17 billion.
Alongside the quarterly results, the company's board recommended a final dividend of Rs 25 per share (250%) on a paid-up equity share of Rs 10 each for the financial year ending 31 December 2025.
Info Edge Backs Growth-Stage Startups
Moving on to the news from the IT sector, shares of Info Edge came into focus its board has approved a commitment of up to Rs 2.5 bn to B8 Fund I, a newly launched alternative investment fund focused on growth-stage technology companies in India.
Info Edge said in an exchange filing that it will invest in the fund directly and/or through its wholly owned subsidiaries, in one or more stages.
The fund, B8 Fund I, is part of B8 Trust and is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF) under SEBI regulations.
Launched on February 12, 2026, the fund will invest in growth-stage, tech-driven businesses operating in or focused on India. The capital will be deployed over the fund's eight-year life, which can be extended by two years with the approval of two-thirds of the contributors.
Info Edge's wholly owned subsidiary, Smartweb Internet Services Ltd, will act as the fund's sponsor and investment manager, giving Info Edge control over how the capital is invested.
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