The BSE Sensex fell 466.75 points (−0.55%) to close at 83,938.71, while the NSE Nifty50 slipped 155.75 points (−0.60%) to end at 25,722.10.
The broader market mirrored the cautious tone — the Nifty Midcap 100 fell 0.45% and the Nifty Smallcap 100 dropped 0.48%.
You may also like: Coforge stock analysis & expert insights in detail
Impact on the stock market
Sector-wise performance
The pressure was visible across the board, with Nifty PSU Bank (+1.5%) and Nifty Oil & Gas (+0.07%) being the only two sectoral gainers. All other sectors ended lower, with Nifty Metal and Nifty Media taking the sharpest hits — both tumbling over 11% each.
Profit-taking in large banks, auto, and IT names weighed on sentiment. With the week closing in the red, traders may stay defensive until stronger earnings or macro data reignite risk appetite.
| Sector/Index | Performance |
| IT & BPM sector | -0.54% |
| Healthcare sector | -0.89% |
| Oil & Gas sector | 0.07% |
| Real estate sector | -0.35% |
| PSU Bank in India | 1.56% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Bharat Elec | 426.10 | 3.95 |
| Eicher Motors | 7,007.00 | 1.71 |
| Shriram Finance | 748.90 | 1.44 |
| Larsen | 4,030.90 | 1.09 |
| TCS | 3,058.00 | 0.75 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Eternal | 317.75 | -3.52 |
| Max Healthcare | 1,147.80 | -2.61 |
| Cipla | 1,501.30 | -2.52 |
| NTPC | 336.95 | -2.38 |
| Grasim | 2,891.70 | -1.99 |
Market aftermath: Impact on stocks
GAIL slips as Q2 profit falls 18% on weak petrochemical margins
GAIL (India) Ltd saw its Q2 FY26 standalone net profit drop 18% YoY to ₹2,823 crore, compared to ₹3,453 crore in the same quarter last year. The fall was driven by pressure in petrochemical margins, which led to a ₹300 crore pre-tax loss for that segment.
That said, revenues rose 6% YoY to ₹35,031 crore, thanks to steady gas marketing and transmission operations.
For H1 FY26, net profit slipped 24% to ₹4,104 crore. Gas sales volumes rose modestly to 105.47 mmscmd, while transported volumes fell to 122 mmscmd, down from 127 mmscmd last year.
Petrochemical output halved to 386,000 tonnes in H1 FY26, signalling the company’s struggle with margin pressure in a sluggish chemical market.
Investors will be watching how GAIL manages this headwind as gas demand remains steady but petrochemical spreads stay under pressure.
ITC gains 1.5% as Q2 beats estimates on strong cigarette volumes
ITC Ltd emerged among the rare gainers of the day, climbing 1.5% to ₹424, its highest level since early September. The FMCG giant reported a 5.4% rise in standalone net profit and 7.1% revenue growth for the September quarter, both ahead of analyst expectations.
Brokerages were upbeat — Jefferies said cigarette volumes outperformed peers, while the FMCG segment beat estimates, prompting it to raise its target price to ₹535 with a ‘Buy’ rating.
Nomura noted that paperboard sales could recover in H2 FY26, while the company’s FMCG business continues to outperform competitors.
The better-than-expected results and management’s confidence in consumer recovery helped ITC stay resilient despite the weak broader market.
Hyundai Motor India rises 2% as brokerages stay bullish post-Q2
Shares of Hyundai Motor India (HMIL) rose nearly 2% intraday to a high of ₹2,462, before settling 0.7% higher at ₹2,430.70, as brokerages maintained positive calls following its Q2 FY26 results.
The company posted a 14% YoY jump in net profit to ₹1,572 crore, supported by strong export demand, even as domestic sales slowed. Revenue increased 1% YoY to ₹17,461 crore.
Brokerages were mixed but largely optimistic:
- Motilal Oswal retained a ‘Buy’ with a target of ₹2,801, citing Hyundai’s strong SUV portfolio.
- JM Financial gave an ‘Add’ call with a target of ₹2,560, highlighting margin resilience.
- HDFC Securities maintained ‘Reduce’, with a target of ₹2,247, citing short-term cost pressures from the new Pune plant.
- Jefferies, UBS, and Nomura also noted strong exports, premiumisation, and upcoming SUV launches as key growth drivers for FY27.
Hyundai’s shares have gained 42% in six months and are up 35% in 2025 so far, reflecting continued investor confidence in its premium car strategy and export-led growth.
Crude oil slips as sanctions fears ease
Oil prices weakened further on Friday as traders concluded that US sanctions on Russian oil may have less impact on global supply than initially feared.
- Brent (January) stood at $63.97, down 0.62%,
- WTI (December) at $60.16, down 0.68%, and
- MCX Crude (November) at ₹5,346, down 0.83%.
Analysts from ING Think noted that the market is unconvinced about a meaningful loss of Russian output, particularly after the Trump–Xi meeting, which confirmed that China’s Russian oil imports (≈2 million barrels/day) are unlikely to be affected.
They added that the upcoming OPEC+ meeting may announce a 137,000 barrels/day supply hike for December, reinforcing a bearish outlook amid a potential surplus through 2026.
Meanwhile, natural gas futures rose 3.4% to ₹360.40, while castorseed inched up 0.18% and guargum slipped 0.39% on the NCDEX.
Conclusion
The week wrapped up on a quiet but negative note for Indian markets, with the Sensex and Nifty losing ground amid weak global cues and profit-taking. Broader indices mirrored the trend, though select large-caps — ITC and Hyundai Motor India — offered some relief with strong earnings.
GAIL’s profit drop reflected margin strain in petrochemicals, while Hyundai’s robust exports and ITC’s volume recovery highlighted the resilience in India’s consumption story.
Globally, easing oil prices and a cautious risk tone suggest markets could stay volatile in the near term. As the results season rolls on, investor focus will shift toward management commentary, global macro stability, and cues from OPEC+ — the next key drivers for sentiment.
For more stock market insights, check out the StockGro blog.
