Market Overview
Nifty50: ▲ 0.07% → 25,953.85
Sensex: ▼ 0.05% → 84,233.64
After three consecutive sessions of gains (≈ 1.2% rally), markets largely paused, showing signs of short-term consolidation.
What drove the pause?
Optimism from the potential US–India trade deal had already fueled recent gains.
Focus shifted to:
Mixed Q3 earnings
Upcoming inflation data
Details of the trade agreement
Sectoral Trends
12 of 16 sectoral indices ended higher
Strength seen in:
Auto stocks (Auto index ▲ 1.3%)
Healthcare stocks
Banking stocks
IT stocks lagged sharply
IT index ▼ 1.8%
Why IT stocks fell
Weak US retail sales data → raised concerns about a possible slowdown in the US economy.
Indian IT firms are heavily dependent on US revenue exposure, making the sector sensitive to US macro data.
Persistent worries about AI-led disruption continue to weigh on valuations.
IT Index Performance
▼ 12.6% in 2025
▼ 7.4% in 2026 (YTD)
Broader Market
- Mid-cap & Small-cap indices: Mostly flat / marginally negative(Contrasts with earlier outperformance in the rally phase.)
Stock Highlights
Apollo Hospitals: ▲ 4% (Strong earnings)
Eicher Motors: ▲ 6.5% (Robust quarterly results)
State Bank of India (SBI): ▲ 3.4%
Up 11% in three sessions
Surpassed TCS in market capitalisation
Key Takeaways
Markets appear to be digesting recent gains rather than reversing.
Rotation into earnings-driven sectors (auto, healthcare, banks) visible.
Global cues + IT weakness capped index-level gains.
Improving FII flows are providing underlying support.
