Sensex closed at 81,785.74, down 118.96 points (0.15%)
Nifty50 ended at 25,069.20, down 44.8 points (0.18%)
In the broader markets, Nifty MidCap rose 0.44% and Nifty SmallCap gained 0.76%, showing resilience beyond large caps.
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Impact on the stock market
Sector-wise performance
Nifty Realty surged 2.41%, making it the best performer of the day, as real estate sentiment stayed strong.
Nifty IT slipped 0.58%, with heavyweight Infosys dragging the index lower.
Nifty Pharma dipped 0.64%, ending its four-day winning streak.
| Sector/Index | Performance |
| IT & BPM sector | -0.58% |
| Healthcare sector | -0.55% |
| Oil & Gas sector | 0.30% |
| Real estate sector | 2.41% |
| PSU Bank in India | 0.56% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Jio Financial | 315.45 | 1.37 |
| Bajaj Finance | 1,009.85 | 0.66 |
| Eternal | 323.25 | 0.58 |
| UltraTechCement | 12,435.00 | 0.53 |
| Reliance | 1,398.90 | 0.28 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Asian Paints | 2,505.00 | -1.62 |
| M&M | 3,532.60 | -1.60 |
| Shriram Finance | 622.80 | -1.59 |
| Cipla | 1,552.50 | -1.40 |
| Dr Reddys Lab | 1,302.80 | -1.06 |
Market aftermath: Impact on stocks
Auto sector: Caught in a correction phase
Auto stocks fell for the fourth time in five sessions, dragging the Nifty Auto index down 0.3% to 26,794.
Even as brokerages remain bullish after GST 2.0 reforms, stocks like M&M, Eicher Motors, Bosch, Maruti Suzuki, Tata Motors, TVS Motor, and Bajaj Auto were in the red.
- HSBC raised FY27–28 EPS estimates by 4–14% and set aggressive targets (Maruti Suzuki at ₹17,000, Hyundai Motor at ₹2,800, TVS Motor at ₹4,000, M&M at ₹4,000, Ather Energy at ₹600).
- InCred called GST cuts the biggest stimulus in years, lifting FY26–27 volume forecasts.
- Nomura highlighted early demand recovery, preferring M&M, Hyundai, TVS, and Ashok Leyland.
Yet, near-term pressure continued: Tube Investments (+4%) and Samvardhana Motherson (+3%) bucked the trend, while MRF, Balkrishna Industries, and Bharat Forge also stayed in the green.
You may also read: Top Automobile Sector Penny Stocks in India for 2025
Pharma sector: Rally cut short by profit booking
The Nifty Pharma index snapped a four-day winning streak, dropping over 1% intraday.
- Dr Reddy’s was the biggest loser, down ~2% after the USFDA issued five observations at its Hyderabad biologics facility.
- Biocon, Torrent Pharma, Aurobindo, Glenmark, Natco also fell over a percent.
- J B Chemicals slipped 1.5% to ₹1,673.40.
Adding to the pressure, Trump’s tariff threat resurfaced. The US President suggested pharma imports could face tariffs rising to 250% in 12–18 months—a massive risk for Indian drug exporters.
Despite near-term turbulence, analysts like Kalp Jain of INVasset PMS still see long-term strength in CRDMO players (Divi’s, Piramal), complex generics, and specialty drugs. The sector has already corrected nearly 5% YTD, leaving valuations more attractive for selective buying.
You may also like: Pharmaceutical sector report and expert insights in detail
Alcoholic beverages: Cheers from Jefferies
Spirits stocks had a good day as Jefferies initiated coverage with a bullish stance.
- Radico Khaitan and Allied Blenders rose up to 3%.
- Jefferies set price targets of ₹3,590 for Radico Khaitan and ₹620 for Allied Blenders, implying potential gains of 25% and 14%, respectively.
- United Spirits also got a “Buy” call with a ₹1,570 target, suggesting a 20% upside despite near-term tax hikes in Maharashtra.
Jefferies expects double-digit revenue growth and expanding profit margins, driven by premiumisation in India’s liquor market.
Crude oil: Geopolitics keeps prices firm
Global crude prices edged higher amid escalating tensions.
- Brent crude: $67.33 (+0.51%)
- WTI crude: $62.79 (+0.16%)
- On MCX, September futures hit ₹5,565 (+0.71%)
The uptick came after Ukraine attacked Russia’s Kirishi oil refinery, which processes 355,000 barrels/day. Russia reported shooting down 361 drones.
Adding fuel to the fire, Trump warned Europe to stop buying Russian oil, threatening stricter US sanctions.
Meanwhile, commodities in India also moved:
- Menthaoil: ₹985 (+1.08%)
- Turmeric (farmer polished): ₹12,498 (+1.13%)
- Cottonseed oilcake: ₹3,195 (–0.84%)
Conclusion
The Indian stock market may have closed flat, but the action beneath the surface was lively:
- Autos corrected despite upbeat broker calls.
- Pharma cooled off after a strong run, with regulatory and geopolitical risks looming.
- Alcoholic beverages saw fresh bullish momentum.
- Crude oil stayed in focus as global supply worries and sanctions talk kept energy traders alert.
With the Fed policy decision just days away, the market’s muted mood could be setting the stage for sharper moves later this week.
For more stock market insights, check out the StockGro blog.
