India's main stock index slipped for the second day, led by big drops in Reliance Industries and HDFC Bank.
Market snapshot
The Nifty 50 closed 0.27% lower at 26,178, while the Sensex fell 0.44% to 85,063. Both mid‑cap and small‑cap indices were also down about 0.15%.
Big losers
- Reliance Industries – down 4.55% after the company said it expects no Russian crude deliveries in January.
- HDFC Bank – fell 1.6%.
- Trent – plunged 8.5% following a weaker‑than‑expected revenue update.
- Swiggy – slid 4.6% to a seven‑month low.
Notable gainers
- Indian Energy Exchange (IEX) – jumped 10.6% after a legal update that could ease a regulatory order.
- NALCO – rose 4.8% as global aluminium prices topped $3,000 per ton.
- ICICI Bank – gained 3%.
- Pharma and hospital stocks – including Divi’s Laboratories and Apollo Hospitals, rose between 3% and 4.5%.
Sector trends
Oil & Gas fell the most, down 1.67%. Media, Chemicals and Realty also slipped. Pharma was the top performer, up 1.63%, while PSU banks, IT and Metal sectors saw modest gains.
What it means for investors
Heavy reliance on a few large stocks can pull the whole market down, so keeping an eye on sector diversifiers like pharma or energy may help balance risk. Remember, this is perspective, not prediction. Do your own research or consult a certified advisor before acting.