The Nifty50 slipped 46.10 points (0.19%) to close at 23,643.50, while the Sensex declined 160.73 points (0.21%) to settle at 75,237.99.
Broader markets also remained weak:
Nifty MidCap declined 0.45%
Nifty SmallCap fell 0.61%
Impact On The Stock Market
Sector-wise, commodity-linked and rate-sensitive sectors witnessed the sharpest decline.
Top Losers
- Nifty Metal emerged as the worst-performing sector.
- Nifty Realty and Nifty Oil & Gas also witnessed heavy selling pressure.
- Rising crude oil prices and fears of inflation impacted sentiment in economically sensitive sectors.
Top Gainers
- Nifty IT managed to outperform despite broader weakness.
- Nifty Media also ended higher as selective buying emerged in defensive and digital-focused businesses.
| Sector/Index | Performance |
| IT & BPM sector | 1.30% |
| Healthcare sector | 0.25% |
| Oil & Gas sector | -1.67% |
| Real estate sector | -1.79% |
| PSU Bank in India | -1.80% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| TMPV | 356.55 | 5.25 |
| Dr Reddys Labs | 1,336.70 | 2.54 |
| Infosys | 1,119.00 | 2.19 |
| Tech Mahindra | 1,370.50 | 2.02 |
| Coal India | 462.20 | 1.79 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Hindalco | 1,067.50 | -3.24 |
| Nestle | 1,430.50 | -1.99 |
| Tata Steel | 216.84 | -1.94 |
| Eternal | 241.18 | -1.89 |
| Reliance | 1,336.40 | -1.87 |
Market aftermath: Impact on stocks
Hudco Shares Fall Despite Record Annual Profit
Housing and Urban Development Corporation plunged over 8% after reporting a sharp decline in pre-tax profit for the March quarter. Profit before tax fell 39% year-on-year to ₹621 crore, while total expenses surged to ₹3,004 crore from ₹1,835 crore last year.
Although net profit more than doubled to ₹1,981 crore due to a deferred tax gain, investors focused on the weaker core profitability and rising costs. The company, however, reported record annual net profit of ₹4,034 crore for FY26 and announced a final dividend of ₹1.50 per share.
Chambal Fertilisers Rallies on Strong Earnings
Chambal Fertilisers & Chemicals surged over 6% after reporting a strong set of quarterly and annual earnings. The company posted a 29.8% rise in quarterly net profit to ₹169 crore, while revenue grew nearly 14% to ₹2,785 crore. Annual revenue also jumped almost 25% to ₹20,794 crore.
Investor sentiment was further supported by reports that India may import a record quantity of diammonium phosphate (DAP) fertilisers amid supply disruptions linked to the Iran conflict. Rising global fertiliser prices and supply concerns are expected to support the sector further.
HAL Slides as Margin Concerns Overshadow Profit Growth
Hindustan Aeronautics fell nearly 4% despite reporting a 5.5% rise in quarterly net profit to ₹4,196 crore. Revenue increased slightly to ₹13,942 crore, but brokerages flagged concerns around weak operating margins, rising material costs and delays in Tejas Mk1A aircraft deliveries.
Analysts believe FY27 could become an important turning point if engine supply issues ease, but execution concerns and lower profitability weighed heavily on investor sentiment during the session.
Crude Oil
Crude oil prices moved higher after US President Donald Trump said China plans to increase purchases of crude oil and energy products from the United States. Brent crude traded near $107 per barrel, while WTI crude climbed above $102, both gaining more than 1% during the session.
The rally was also supported by optimism around improving US-China relations and expectations that China may help ease tensions involving Iran. However, geopolitical uncertainty in West Asia continues to keep energy markets volatile.
Trump also reiterated aggressive geopolitical commentary regarding Iran, adding to concerns around potential supply disruptions in global oil markets.
For India, rising crude oil prices remain a major concern because they can:
- Increase inflation pressure
- Raise fuel and transportation costs
- Impact corporate profitability
- Put further pressure on the rupee
That’s one of the key reasons why markets witnessed selling pressure towards the end of the session.
Conclusion
Today’s market session reflected growing investor caution as rising crude oil prices and a weakening rupee triggered late selling pressure across sectors. While strong earnings supported selective stocks like Chambal Fertilisers & Chemicals, weakness in metal, realty and oil-linked stocks dragged the broader market lower.
Investors are currently balancing stock-specific growth opportunities against larger global risks such as inflation, rising energy prices and geopolitical uncertainty. Going forward, market sentiment will likely remain dependent on crude oil movement, rupee stability and developments involving the US, China and Iran.
