On September 26, the last trading day of the week, the Indian stock market opened with a decline. The Sensex fell by 323 points to 80,836, and the Nifty slipped by 97 points to 24,793. IT and pharma stocks faced the most pressure, while stocks like L&T, Hero MotoCorp, and Hindalco registered gains.
Stock market today: On Friday, September 26, the stock market opened weak. Due to weak global cues and profit-booking by investors, the Sensex dropped by 323 points to 80,836 and the Nifty fell by 97 points to 24,793 in early trade. During the initial phase, blue-chip stocks like Cipla, Dr. Reddy's, Titan, and Bajaj Finance witnessed a decline, while stocks such as L&T, Hero MotoCorp, and Hindalco showed strength. The BSE Midcap and Smallcap indices also registered a decline of 0.7% and 1% respectively.
Early Trade Overview
At 9:23 AM, the Sensex was trading at 80,836.46, down by 323.22 points, and the Nifty was at 24,793.40, down by 97.45 points. In early trade, approximately 965 shares advanced, 1258 declined, and 152 remained unchanged.
Today, all sectoral indices were trading in the red. The IT and Pharma sectors registered a decline of 1 to 2 percent. The BSE Midcap index saw a 0.7 percent fall, and the BSE Smallcap index dropped by 1 percent.
In early trade, major stocks on the Nifty like Cipla, Dr. Reddy's Labs, Titan Company, Asian Paints, and Bajaj Finance witnessed a decline. Selling in these shares kept the market under pressure.
Shares Registering Gains
Conversely, stocks such as L&T, Hero MotoCorp, Hindalco, Tata Steel, and ONGC saw gains in early trade. Buying in these shares provided some relief and maintained balance in the market.
Investors showed caution regarding the market decline. Profit-booking and weak global cues impacted early trade. According to experts, weakness in foreign markets and global economic data affected the Indian market.
Performance of Other Sectors
The IT sector saw a decline of 1 percent, and the Pharma sector witnessed a drop of up to 2 percent. Midcap and Smallcap shares also experienced pressure. The BSE Midcap index registered a 0.7 percent fall, and the Smallcap index recorded a 1 percent decline.
Overall Market Picture
In early trade, most shares in the stock market were in the red. Selling in large-cap shares dragged down the Sensex and Nifty. However, buying in some b shares prevented the market from a complete collapse.
Market Figures
After trading commenced at 9 AM, approximately 965 shares advanced, 1258 declined, and 152 remained unchanged. This figure indicates a mixed market reaction.
According to experts, weak global cues and profit-booking by investors created pressure in early trade. However, buying in some b shares prevented the market from falling completely.
