The Sensex closed at 83,382.71, down by 244.98 points or 0.29%, while the Nifty50 settled at 25,665.60, falling 66.70 points or 0.26%.
The Nifty SmallCap 100 index ended 0.67% higher, and the Nifty MidCap 100 index rose 0.29%.
Impact on the stock market
Sector-wise performance
In today’s market, Nifty IT and Nifty Realty were the top losers, falling by 1.08% and 0.92%, respectively. On the flip side, Nifty Metal and Nifty PSU Bank were the top gainers, climbing by 2.70% and 2.13%, respectively.
| Sector/Index | Performance |
| IT & BPM sector | -1.08% |
| Healthcare sector | -0.25% |
| Oil & Gas sector | 0.54% |
| Real estate sector | -0.92% |
| PSU Bank in India | 2.13% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Tata Steel | 189.25 | 3.66 |
| NTPC | 349.10 | 3.31 |
| Axis Bank | 1,298.80 | 2.92 |
| Hindalco | 955.35 | 2.03 |
| ONGC | 248.23 | 1.83 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Kotak Mahindra | 421.00 | -80.26 |
| Asian Paints | 2,813.90 | -2.51 |
| TCS | 3,192.50 | -2.31 |
| Maruti Suzuki | 16,152.00 | -1.67 |
| Tech Mahindra | 1,588.50 | -1.63 |
Market aftermath: Impact on stocks
Infosys: Net Profit Declines but Revenue Grows
Infosys posted its Q3 FY26 results, showing a 2.2% decline in net profit to ₹6,654 crore. The company missed analysts’ expectations but managed to increase revenue by 8.9% year-on-year to ₹45,479 crore. The decline in profit was attributed to a ₹1,289 crore charge related to changes in labor codes. However, Infosys raised its FY26 revenue growth guidance to 3.0%-3.5% in constant currency terms, signaling strong deal wins and robust growth prospects despite the challenges.
Despite missing estimates, Infosys’ stock rose by 0.6% to ₹1,608.9, though it has underperformed the Nifty 50 by over 17% over the past year.
HDFC Asset Management Company: A Strong Quarter
HDFC Asset Management Company (HDFC AMC) also reported a strong quarter, with net profit rising by 19.8% year-on-year to ₹769 crore. This performance exceeded expectations, driven by steady operating income. The stock surged by 3.4% to ₹2,570.3 in the afternoon, reflecting the market’s positive reaction to the results.
HDFC AMC’s revenue grew by 15% year-on-year to ₹1,075 crore, reflecting strong operational performance. The company’s stock has gained 32.5% over the past year, significantly outperforming the Nifty 50, which saw an 11% rise during the same period.
HDB Financial Services: Solid Growth in Q3
HDB Financial Services reported an impressive 36% rise in net profit for Q3 FY26, reaching ₹644 crore. The company’s revenue grew by 13% to ₹4,673 crore. This solid performance reflects the company’s ability to maintain profitability in a challenging market. As a result, HDB Financial Services saw strong investor interest, with its stock climbing on the back of this positive news.
Crude Oil: Venezuela’s Impact on Global Prices
On the global commodities front, crude oil prices remained largely stable, despite developments in Venezuela. While Venezuela accounts for a modest share of global crude oil production (around 1.5%), it holds the world’s largest proven oil reserves. Recent disruptions in Venezuela’s oil production have raised concerns, but analysts suggest the impact on global oil prices will be minimal in the short term, given the already surplus oil market.
India’s trade with Venezuela is relatively small, with the country providing only about 1% of India’s crude oil imports. This makes the geopolitical risks in Venezuela unlikely to significantly affect India’s overall energy strategy. However, analysts noted that heavy sour crude markets could see more pronounced effects, as Venezuela is a key player in this niche market.
Conclusion
Today’s market session highlighted the volatile nature of the current global and domestic financial environment. With geopolitical tensions limiting upside potential, stocks in IT and realty sectors struggled, while sectors like metal and PSU banks showed strength. Key earnings reports, particularly from Infosys and HDFC AMC, reflected resilience in certain sectors, while HDB Financial Services also demonstrated solid growth.
Looking ahead, while Venezuela’s crude oil production issues may cause some ripples in specific markets, India’s broader energy outlook remains stable, with its exposure to Venezuelan oil being minimal.
Overall, investors should continue to watch for global geopolitical developments, corporate earnings reports, and any further impact from the US-India trade talks that could shape the market’s direction in the coming days.
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