Stock Market Today: Nifty, Sensex Snap Two-Day Winning Streak As Tata Motors, HDFC Bank Weigh

The benchmark indices snapped a two-day gain, led by a drag in Tata Motors Ltd. and HDFC Bank Ltd., as markets await US inflation data set to be released on Wednesday.

The NSE Nifty 50 closed 122.65 points, or 0.49% lower, at 24,918.45, while the S&P BSE Sensex ended lower by 398.13 points, or 0.49%, at 81,523.16.

The Nifty fell as much as 0.62% to 24,885.15, and the Sensex declined 0.61% to hit an intraday low of 81,423.14.

"The domestic market experienced a minor consolidation in line with Asian peers due to correction of commodity prices like crude which has collapsed to $70," said Vinod Nair, head of research, Geojit Financial Services.

"Market sentiment remained cautious due to the slowdown in the Chinese economy. Investors await the release of the US CPI and domestic inflation data. It is anticipated that US inflation will have an uptick in monthly data, while domestic inflation is expected to remain stable," he said.

Shares of Bajaj Auto Ltd., Asian Paints Ltd., and Bajaj Finance Ltd. led the gains on the Nifty.

Shares of Tata Motors Ltd., and Reliance Industries Ltd. weighed on the index.

Most sectoral indices on the NSE declined, with Nifty Oil & Gas falling the most.

Except BSE FMCG and BSE Consumer Durables, all 18 sectoral indices on the BSE ended lower. BSE Oil & Gas fell the most.

Broader indices also ended lower. BSE Midcap fell 0.52% and BSE Smallcap closed 0.57% lower.

The market breadth was skewed in the favour of sellers. Around 2,345 stocks fell, 1,619 advanced, and 107 remained unchanged on the BSE.

• The local currency settled flat against the US dollar at 83.97 on Wednesday. 

• It closed at 83.97 a dollar on Tuesday.

Source: Cogencis

• The NSE Nifty 50 and BSE Sensex snapped a two-day winning streak on Wednesday.

• The Nifty 50 moved in the range of 228.55 points, and the Sensex moved in the range of 711.81 points throughout the session.

• Bajaj Auto scaled a fresh high in Wednesday's session, and was the top contributor to the benchmark Nifty 50. Asian Paints Ltd., and Bajaj Finance Ltd. were other top contributor. 

• Tata Motors Ltd. emerged as the top dragger in the Nifty 50 index as the UBS Global Research kept 'Sell' rating on worries over weak outlook for fiscal 2026.

• The NSE Nifty Oil & Gas and Nifty PSU Bank declined the most among sectoral indices. 

• The NSE FMCG was the only sector end Wednesday's session in positive. The sector was also the best performing sector. 

• The NSE Nifty FMCG extended its record rally to a third session. Varun Beverages Ltd., Hindustan Unilever Ltd. were the top leader in the index. 

• The NSE Nifty Pharma scaled a high of 23,463.10 as Sun Pharmaceutical Industries Ltd. lead. 

• The NSE Nifty Midcap 150 ended 0.25% down at 21,798.95.

• The NSE Nifty Smallcap 250 ended 0.78% lower at 18,238.80.

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Source: Exchange filing