The BSE Sensex ended at 85,706.67, down by 13.71 points (a drop of 0.02%). Meanwhile, the NSE Nifty50 settled at 26,202.95, losing 12.6 points or 0.05%.
In the broader market space, the Nifty Midcap 100 and Nifty Smallcap 100 indices also saw declines of 0.11% and 0.27%, respectively.
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Impact on the stock market
Sector-wise performance
The Nifty IT, Realty, and Oil & Gas sectors witnessed declines of 0.11%, 0.19%, and 0.69%, respectively. In contrast, Nifty Auto performed well, rising by 0.62%, and Nifty Pharma gained 0.59%. This shift in sectoral performance was largely driven by stock-specific moves, reflecting the nuances of individual stock performances rather than broader market trends.
| Sector/Index | Performance |
| IT & BPM sector | -0.11% |
| Healthcare sector | 0.55% |
| Oil & Gas sector | -0.69% |
| Real estate sector | -0.19% |
| PSU Bank in India | 0.14% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| M&M | 3,757.30 | 2.07% |
| Sun Pharma | 1,831.60 | 1.18% |
| Adani Enterprise | 2,280.20 | 1.12% |
| Eicher Motors | 7,053.50 | 0.78% |
| Dr Reddys Labs | 1,258.80 | 0.76% |
Top losers today
| Company | Share Price (in ₹) | Change % |
| SBI Life Insurance | 1,966.00 | -1.92% |
| Shriram Finance | 851.65 | -1.84% |
| HDFC Life | 764.30 | -1.74% |
| Power Grid Corp | 269.95 | -1.37% |
| Eternal | 300.10 | -0.88% |
Market aftermath: Impact on stocks
Eureka Forbes: A turnaround story
Eureka Forbes was one of the standout performers, with its stock surging by 8.4% to close at ₹658, hitting an all-time high during the session. This surge was driven by positive reports from brokerages following the company’s investor meet, where it revealed an ambitious growth strategy. Eureka Forbes plans to expand its footprint in water purifiers, cleaning solutions, air purifiers, and softeners.
ICICI Securities, which maintains a ‘buy’ rating, projects a 12.7% CAGR in revenue and a 20.9% CAGR in profit over FY25-28, with a target price of ₹700. HDFC Securities, also optimistic about the company’s future, raised its target price to ₹830 per share, citing improvements in growth, margins, and strategic direction under new ownership. Their strong market leadership in underpenetrated categories like water purifiers (with around 40% market share) and vacuum cleaners (around 60% market share) is expected to fuel long-term growth.
Paytm: Goldman Sachs shows confidence
Shares of Paytm, parent company of One97 Communications, jumped more than 3.5% after Goldman Sachs upgraded its rating to ‘Buy’ from ‘Neutral’. The international brokerage also raised its target price by 100%, from ₹705 to ₹1,570, indicating a potential 21% upside. This upgrade was based on an improving regulatory environment and Paytm’s recovery in the payments market, which has been a drag on its performance in the past.
Goldman Sachs also highlighted Paytm’s strong cost control measures and expects EBITDA margins to more than double in the next three to four years. Moreover, the company’s recent announcement regarding its payments aggregator license granted by the RBI boosted investor confidence. Paytm shares have surged by 56% in 2025 so far, showing strong signs of recovery after a tough period.
IT Sector: Potential for a turnaround
The Indian IT sector is seeing a mixed performance, with the Nifty IT index closing 0.11% lower today. However, the sector is down by nearly 19% from its peak, and analysts believe it could be on the cusp of a turnaround. Despite the recent downturn, IT stocks like Infosys, Wipro, and HCL Tech have seen some upward movement, with Infosys rising by 4% in the past month.
Analysts believe that the IT sector could benefit from a potential rate cut by the US Federal Reserve, as it would boost discretionary spending in the US, which is a key market for Indian IT services. Additionally, expectations of an earnings recovery and improving valuations are providing optimism for the sector. Companies that can capitalize on AI-driven services and create India-specific products are likely to perform better in the long run.
Crude Oil: Market focus on global developments
Brent crude oil futures showed a slight uptick on Friday, trading at $63.03, up by 0.25%. This increase came amid news of potential peace talks between Russia and Ukraine, which have raised hopes for easing sanctions on Russian crude oil. If the peace talks lead to a positive outcome, it could help lift the sanctions on Russian oil, improving global supply.
At the same time, markets are focused on the upcoming OPEC+ meeting, where it is expected that the group will continue to hold off on production increases for the first quarter of 2026. This decision will be crucial in shaping global oil supply dynamics. In India, crude oil futures on the MCX were trading around ₹5,292 for December contracts, showing minor movements compared to the previous session.
Conclusion
The Indian stock market today faced a mixed bag of performance, with Sensex and Nifty closing almost flat despite sector-specific moves. Eureka Forbes and Paytm were notable winners, reflecting strong growth prospects and investor confidence. On the other hand, the IT sector continues to show promise for a turnaround, particularly with potential global macroeconomic triggers like the Fed’s rate cut and the AI market’s evolving trends.
Crude oil markets are also in focus, with global political developments and OPEC+ meetings playing a critical role in determining price trends. As the markets navigate these complex factors, it’s crucial for investors to stay informed and be prepared for potential volatility ahead.
For more stock market insights, check out the StockGro blog.
