The BSE Sensex closed 519.34 points (−0.62%) lower at 83,459.15, after peaking 0.11% higher earlier in the session. Similarly, the NSE Nifty50 ended the day 165.70 points (−0.64%) lower at 25,597.65.
On the broader front, Nifty MidCap 100 ended 0.42% lower, while Nifty SmallCap 100 fell 0.82%, reflecting weakness across the mid- and small-cap segments.
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Impact on the stock market
Sector-wise performance
Sectoral performance was mixed, with realty and PSU banks showing resilience, while IT, metals, and auto stocks dragged down the indices.
The Nifty Realty index was the day’s standout performer, gaining 2.23%, boosted by strong performances in Phoenix Mills and DLF. The PSU Bank index followed, up 1.92%, as SBI and other state-owned lenders saw buying interest.
On the downside, Nifty Metal was the biggest loser, dropping 1.44%, followed by Nifty IT (−0.06%) and Nifty Auto (−0.86%). These sectors dragged the broader market lower, as profit-booking in metal stocks and weakness in IT names weighed on the indices.
| Sector/Index | Performance |
| IT & BPM sector | -1.06% |
| Healthcare sector | -0.48% |
| Oil & Gas sector | -0.53% |
| Real estate sector | -0.78% |
| PSU Bank in India | -0.11% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Titan Company | 3,810.00 | 2.30 |
| Bharti Airtel | 2,115.60 | 2.01 |
| M&M | 3,607.00 | 1.64 |
| Bajaj Finance | 1,054.70 | 1.11 |
| HDFC Life | 743.70 | 1.05 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Power Grid Corp | 279.00 | -3.13 |
| Coal India | 377.50 | -2.84 |
| Eternal | 313.80 | -2.73 |
| TMPV | 406.50 | -2.52 |
| Bajaj Auto | 279.00 | -2.10 |
Market aftermath: Impact on stocks
Adani Enterprises posts 84% profit surge; board approves Rs 25,000 cr rights issue
Adani Enterprises Ltd saw an 84% jump in Q2 profit to ₹3,199 crore, thanks to a one-time gain of ₹3,583 crore from asset sales. However, the company’s core operations in coal trading faced pressure, leading to a 66.2% drop in adjusted profit to ₹814 crore.
The company’s revenue dropped 6% to ₹21,249 crore, while its renewable energy operations and other ventures showed strength. To support its next phase of growth, Adani Enterprises also approved a rights issue of up to ₹25,000 crore.
Shares of Adani Enterprises fell 1.5% to ₹2,431, reflecting some concern over its core business performance despite strong diversification in infrastructure and energy.
Mahindra & Mahindra rides strong SUV sales; net profit up 18%
Mahindra & Mahindra reported a 18% rise in Q2 net profit to ₹4,521 crore, driven by strong demand for its high-margin SUVs and tractors. Revenue surged 21% YoY to ₹35,080 crore in Q2 FY26.
Key highlights:
- SUV sales grew 7% YoY to 1,45,503 units, boosted by festive demand and the GST restructuring which reduced SUV prices.
- Tractor sales jumped 32% YoY to 1,22,936 units, aided by strong demand and good monsoon conditions.
- EBITDA grew 23% YoY to ₹6,467 crore, while margins improved to 18.43%.
M&M’s robust performance, especially in the auto and farm segments, underscored its leadership position in the SUV market. Shares of Mahindra & Mahindra were up 1.5% in response to the strong results.
SBI’s Q2 profit rises 10% with Yes Bank stake sale gain
State Bank of India (SBI) reported a 10% YoY increase in Q2 net profit to ₹20,159 crore, primarily driven by a one-off gain of ₹4,593 crore from its partial Yes Bank stake sale.
Key highlights:
- Net interest income (NII) rose 3.3% YoY to ₹42,985 crore.
- Asset quality improved, with gross NPAs falling to 1.73% from 1.83% sequentially.
- Retail advances grew 15% YoY, with notable gains in SME and agri sectors.
Despite a strong performance, SBI’s NIM dropped 18 basis points to 3.09%, reflecting margin pressure. Shares of SBI ended the day 0.5% lower due to concerns over margin pressures, but the overall outlook remained solid.
Crude oil falls amid OPEC+ production pause
Crude oil prices continued to ease on Tuesday, as market participants digested the impact of OPEC+’s decision to pause production hikes in January 2026.
- Brent (January) traded at $64.71, down 0.28%.
- WTI (December) was at $60.90, down 0.25%.
- On MCX, November crude oil fell 0.7% to ₹5,409.
Analysts noted that concerns over a global oil surplus in early 2026 were weighing on prices, although potential disruptions from US sanctions on Russian oil could lead to a rebalancing of supply-demand dynamics.
Conclusion
Indian markets ended the day on a cautious note, with Sensex and Nifty slipping as IT and metal stocks faced selling pressure. Adani Enterprises’ one-time gain and Mahindra & Mahindra’s strong SUV sales provided some relief, but broader market sentiment remained weighed down by sectoral losses.
The performance of SBI and TCPL illustrated resilience in financials and FMCG, but challenges persist in core business sectors like coal trading and IT.
Looking ahead, crude oil movements and global macro risks will be key factors to watch, as OPEC+ production decisions and geopolitical concerns continue to shape market sentiment.
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