BSE Sensex: 82,498.14, down 1,236.11 points (-1.48%)
NSE Nifty 50: 25,454.35, down 365.00 points (-1.41%)
All 30 Sensex stocks ended in the red
Top laggards included IndiGo, M&M, UltraTech Cement, Trent and BEL, falling up to 3.2%
The pain spread beyond large caps too:
Nifty Midcap 100: -1.59%
Nifty Smallcap 100: -1.27%
Impact on the stock market
Sector-wise performance
- Nifty Realty: down ~2%
- Nifty Media: down ~2%
- Nifty Auto: down ~2%
- Nifty FMCG: down over 1%
- Nifty Private Bank and PSU Bank indices: down over 1%
| Sector/Index | Performance |
| IT & BPM sector | -1.07% |
| Healthcare sector | -0.51% |
| Oil & Gas sector | -1.02% |
| Real estate sector | -2.56% |
| PSU Bank in India | -1.24% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| ONGC | 274.65 | 3.80 |
| Hindalco | 905.65 | 0.71 |
| HDFC Life | 733.15 | 0.49 |
| Dr Reddys Labs | 1,282.30 | 0.16 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Interglobe Aviation | 4,815.10 | –3.32 |
| Trent | 4,067.90 | -2.85 |
| M&M | 3,431.80 | -2.80 |
| UltraTechCement | 12,688.00 | -2.79 |
| Bharat Electronics | 435.35 | -2.76 |
Market aftermath: Impact on stocks
Bank Nifty Breaks Key Support Levels
Banking stocks saw strong selling pressure as the Bank Nifty slipped below 61,000, ending its three-session winning streak.
Major banks including Kotak Mahindra Bank, Axis Bank and ICICI Bank led the decline, while the broader Financial Services index also weakened, signalling a cautious outlook for financial stocks.
IT Stocks Rebound On Global Tech Optimism
Despite overall market weakness, IT stocks gained up to 2% after a Wall Street tech rally led by Nvidia’s major AI chip deal with Meta.
Adding to the positive momentum, TCS announced a strategic partnership with OpenAI, including plans to build AI infrastructure starting at 100 MW capacity, scalable to 1 gigawatt, strengthening long-term AI growth expectations.
Gold And Silver ETFs Surge As Investors Seek Safety
Precious metals attracted strong buying interest, with silver ETFs rising up to 4% and gold ETFs gaining around 2%.
The removal of additional futures margins boosted liquidity and supported prices, highlighting a shift towards safer assets amid rising global uncertainty.
Crude Oil: Rising War Fears Push Prices Higher
Crude oil prices climbed as markets feared possible US military action against Iran.
Morning prices:
- Brent crude: $70.63, up 0.40%
- WTI crude: $65.38, up 0.51%
- MCX crude (Feb): ₹5,956, up 0.90%
- MCX crude (Mar): ₹5,971, up 0.98%
Geopolitical developments driving the surge:
- Iran issued rocket launch notices
- Naval drills near the Strait of Hormuz
- Joint naval exercise with Russia planned
- US weighing diplomatic vs military options
Even the possibility of disruption in the Hormuz Strait — a key global oil route — is enough to push energy prices higher.
Other commodities:
- Natural gas: up 2.24%
- Cottonseed oilcake: up 0.52%
- Guargum: down 2.62%
Conclusion
Thursday’s session was a clear reminder of how quickly global risks can shake market confidence. The Sensex fell 1,236 points and the Nifty dropped 365 points, marking the biggest decline in over two weeks. Selling was widespread across sectors, with banking, auto, realty and FMCG stocks leading the fall. Rising oil prices and escalating US–Iran tensions triggered a risk-off mood, while the Bank Nifty slipping below 61,000 added to the cautious sentiment.
The only bright spots were IT stocks and precious metals, showing investors are shifting towards long-term tech opportunities and safe-haven assets during uncertain times.
For more stock market insights, check out the StockGro blog.
