The Nifty50 dropped 360.30 points (1.49%) to close at 23,815.85, while the Sensex plunged 1,312.91 points (1.70%) to settle at 76,015.28.
Markets remained under pressure throughout the session as investors reacted to US President Donald Trump calling Iran’s latest response to Washington’s peace proposal “unacceptable”. This increased fears that the conflict could drag on longer than expected and continue impacting global growth and inflation.
Broader markets also remained weak:
Nifty MidCap declined 1.05%
Nifty SmallCap slipped 1.13%
Impact On The Stock Market
Sector-wise, the weakness was broad-based, especially in consumption and rate-sensitive sectors.
Top Losers
- Nifty Consumer Durables fell nearly 4%, emerging as the worst-performing sector.
- Nifty Realty, Nifty PSU Bank, and Nifty Media also witnessed sharp selling pressure.
- Banking and travel-linked stocks remained weak amid concerns over slowing demand and rising fuel costs.
Top Gainers
- Nifty FMCG managed to outperform due to its defensive nature.
- Nifty Pharma and Nifty Healthcare also saw relatively better performance as investors shifted towards stable sectors during market volatility.
| Sector/Index | Performance |
| IT & BPM sector | -0.22% |
| Healthcare sector | 0.45% |
| Oil & Gas sector | -2.24% |
| Real estate sector | -3.05% |
| PSU Bank in India | -2.52% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| TATA Cons. Products | 1,271.00 | 8.06 |
| Max Healthcare | 1,037.95 | 2.51 |
| Coal India | 464.45 | 1.76 |
| Sun Pharma | 1,872.70 | 1.34 |
| HUL | 2,307.20 | 0.85 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Titan Company | 4,205.60 | -6.73 |
| Interglobe Aviation | 4,299.40 | -4.94 |
| SBI | 973.60 | -4.48 |
| Eternal | 245.87 | -4.10 |
| Bharti Airtel | 1,759.80 | -4.07 |
Market aftermath: Impact on stocks
UPL Gains on Strong Earnings and Margin Outlook
UPL rose nearly 6% after reporting strong Q4 earnings and guiding for 14–18% EBITDA growth in the first quarter of FY27. The company posted a 20% rise in net profit to ₹1,294 crore, while revenue increased 18% to ₹18,335 crore.
Management highlighted stronger operational execution, debt reduction of $500 million and improved financial discipline despite challenging global conditions. Investors reacted positively to the company’s margin expansion outlook and improving profitability trajectory.
Tata Consumer Hits Record High on Strong Growth Outlook
Tata Consumer Products surged nearly 7% to hit a fresh all-time high after delivering strong quarterly numbers and upbeat future guidance. The company reported a 21.6% rise in net profit to ₹424 crore, while revenue climbed 18% to ₹5,433 crore.
This marked the tenth consecutive quarter of double-digit revenue growth for the company. Brokerages remained optimistic due to strong volume growth, expansion in quick commerce and e-commerce channels, wider distribution reach and continued premiumisation across categories.
EV Stocks Rally After PM Modi Pushes Electric Mobility
Electric vehicle and green mobility stocks witnessed strong buying interest after Prime Minister Narendra Modi urged citizens to reduce fuel consumption and increase EV adoption amid rising global energy prices.
Ather Energy jumped over 6.5%, while JBM Auto gained around 4.5%. Ola Electric and Olectra Greentech also moved higher. The rally reflected growing investor confidence that rising fuel prices and stronger policy support could accelerate India’s long-term shift towards electric mobility.
Crude Oil
Crude oil prices surged sharply after US President Donald Trump rejected Iran’s latest response to the proposed West Asia peace deal, increasing fears that geopolitical tensions could escalate further. Brent crude climbed above $105 per barrel, while WTI crude crossed $100, both gaining more than 4% during the session.
Markets remain worried about disruptions in the Strait of Hormuz, one of the world’s most critical oil shipping routes. Rising crude oil prices are a major concern for India because they can push inflation higher, increase fuel costs, impact corporate margins and weigh on overall market sentiment.
Conclusion
Today’s market decline reflected growing investor nervousness around geopolitical tensions and rising crude oil prices. While strong earnings supported select stocks like UPL and Tata Consumer, heavy selling in banking, consumer durable and travel-linked stocks dragged the broader market lower.
Defensive sectors such as FMCG and pharma managed to outperform as investors shifted towards safer bets. Going forward, market direction will largely depend on developments in the US-Iran conflict and whether crude oil prices stabilise in the coming sessions.
