Sensex fell by 500 points, Nifty tested the 22,600 mark; PC Jeweller shares rose by 8% after second-quarter report

On the National Stock Exchange (NSE), the Sensex index showed a decline of 500 points, while the Nifty approached the 22,600 level. In broader markets, the Nifty MidCap and Nifty SmallCap indices demonstrated drops of 1.04% and 0.91%, respectively.

As of 9:18 AM, the Sensex fell by 572.62 points or 0.78%, reaching 73,137.07, while the Nifty50 decreased by 199.15 points or 0.87%, settling at 22,610.30. Among the main losers in the Nifty50 index were Power Grid Corporation, Mahindra & Mahindra, and Nestle India. Sectorally, Nifty Chemical, Nifty Auto, and Nifty Metal showed reduced performance, whereas Nifty recorded growth.

As part of the second-quarter (Q2FY27) reporting, results from companies such as Adani Energy Solutions, Adani Total Gas, BlueStone Jewellery and Lifestyle, Chennai Petroleum Corporation, CIE Automotive India, Colgate-Palmolive (India), CreditAccess Grameen, Cyient, Hatsun Agro Product, Havells India, Hindustan Petroleum Corporation, Jammu & Kashmir Bank, Jindal Stainless, Mahindra Lifespace Developers, Maharashtra Scooters, Nippon Life India Asset Management, Nuvoco Vistas Corporation, Orient Cement, Paisalo Digital, Pitti Engineering, Rallis India, Sagility, Sapphire Foods India, Swiggy, and Tata Teleservices (Maharashtra) will be announced on Monday.

Sectoral Index Dynamics

In the early trading sessions, all major sectoral indices traded in the negative. The largest drop was recorded by Nifty Metal, which declined by almost 2%. Furthermore, Nifty FMCG and Nifty Pharma each lost 1.4%, and Nifty Auto also significantly dropped by 1.88%.

The broader market also showed deteriorating indicators: the Nifty Midcap 100 index fell by 1.53%, and the Nifty Smallcap 100 index lost 1.4%, which was worse than the benchmark Nifty 50 index.

At the 30-point level, only five stocks in the Sensex were trading higher, while 25 were in the red zone. The technology company Tech Mahindra led the gainers, showing an increase of only 0.28%. PowerGrid was the worst performer, losing 2.5%. Among other stocks that fell the most were Maruti Suzuki, M&M, Tata Steel, Bajaj Finserv, and IndiGo.

During the opening of trading, the Nifty 50 lost 157 points or 0.69%, opening at 22,626 on Thursday. Earlier, at the open, the Sensex index had fallen by 511 points or 0.69% to 73,198 amid rising crude oil prices to $110. Before trading began, the Nifty 50 was already down by 124 points or 0.54% at 22,687, and the BSE Sensex had fallen by more than 350 points in preliminary trades, reaching 73,337.

Regarding the foreign exchange market, the rupee opened stable against the US dollar at 94.47 on Thursday.

Similar stories

business-standard.comOctober 15, 05:27

GIFT Nifty signals negative opening; Kospi falls 7% amid semiconductor stock decline

GIFT Nifty predicted a negative start to trading for Nifty50 as global stock markets showed a downturn. Asian markets declined during early trading.

According to data from Thursday, October 15, 2026, GIFT Nifty indicated an expectation of a negative opening for Nifty50 against the backdrop of a general decline in global stocks, a fall in semiconductor stocks, and increased bets on further interest rate hikes in the US. Futures traded at 22,603.50 points, which was 46 points lower.

Asia-Pacific markets declined at the start of trading on Thursday morning, reflecting similar overnight movements in Wall Street indices after data was published showing that inflation in the US rose faster than expected. South Korea's Kospi plummeted by more than 7 percent, leading losses in the region. Japan's Nikkei 225 index fell by almost 5 percent.

Overnight, the Dow Jones Industrial Average and S&P 500 closed down by 0.09 percent and 1.11 percent, respectively. The Nasdaq Composite index finished trading down by 1.9 percent.

Brent crude oil prices fell by almost 2 percent as the US considered easing restrictions on the shadow fleet amid continued rising transportation costs due to persistent hostility in the strategic shipping route of West Asia. December futures traded at $104.21 per barrel on the Intercontinental Exchange, down 1.73 percent.

Gold and silver futures rose by 1.24 percent and 0.47 percent, respectively.

Second Quarter Results Today

Companies Angel One, HDFC Asset Management Company, HDFC Life Insurance Company, Nestle India, and Tech Mahindra will announce their results on Wednesday.

Initial Public Offerings Today

Subscriptions for initial public offerings (IPOs) of companies such as Tonbo Imaging India, Zetwerk, Bonfiglioli Transmissions, Sahajanand Medical Technologies, and Shellz India will open in the primary market. IPOs for Fusion CX and Ravita Engineering Services will enter the second day of subscription, and the Vaibhav Vyapaar IPO will begin its final day of trading on Thursday.

GIFT Nifty at 22,649

GIFT Nifty traded at 22,649 points, remaining unchanged.

Brent Crude Falls More Than 1%

Brent crude oil prices dropped by almost 2 percent as the US contemplated easing restrictions on the shadow fleet amid ongoing increases in delivery costs due to constant tension in the strategic maritime route of West Asia. December futures were valued at $104.21 per barrel on the Intercontinental Exchange, down 1.73 percent.

Asia-Pacific Markets Fall Amid Kospi Decline of Over 7%

Asia-Pacific markets declined at the start of trading on Thursday morning, following similar overnight movements in Wall Street indices after data showed accelerating inflation growth in the US. South Korea's Kospi fell by more than 7 percent, leading the decline in the region. Japan's Nikkei 225 index decreased by almost 5 percent.

US Index Futures Fall Due to Fears of Faster Rate Hikes

Following an unsatisfactory session on Wall Street, US index futures traded in a lower range during the Asian session, as the strong inflation report intensified fears of faster interest rate hikes in the US. Dow Jones and S&P 500 futures fell by 0.03 percent and 0.39 percent, respectively.

www.aajtak.inOctober 13, 13:59

Investors earned over 400,000 crore rupees in the stock market after sharp index rises

On Tuesday, the Indian stock market proved favorable for investors. The last hour of trading was particularly significant when news emerged that caused a rapid rise in both the Sensex and Nifty indices.

The Bombay Stock Exchange (BSE) showed an impressive increase in its Sensex index by more than 1100 points, surpassing the 73,000 mark. Meanwhile, the Nifty index of the National Stock Exchange (NSE) suddenly crossed the 22,700 mark, demonstrating a jump of more than 350 points.

Thanks to this strong growth in the stock market, investors were able to realize significant profits, earning over 400 million crore rupees.

Trading on the stock market on Tuesday began with some sluggishness. The BSE Sensex opened at 71,951, slightly above the previous close of 71,924. However, as trading progressed, the pace of Sensex growth increased. By noon, at half past two, the index was trading around 72,600, but then began to rise rapidly. In the end, the Sensex closed at 73,033.78, showing an increase of 1109 points or 1.54%.

The NSE Nifty followed the example of the Sensex. It opened at 22,364, which was identical to Monday's closing level (22,363). But its momentum also accelerated as trading volume increased. At the end of the session, NSE Nifty closed at 22,721.95, demonstrating a rise of 358 points or 1.60%.

The sharp surge in the last hour of trading allowed investors to make substantial profits. This is evidenced by the growth in the aggregate market capitalization of companies listed on the Bombay Stock Exchange. By the time trading closed on Tuesday, the BSE market capitalization stood at 470,07,567.40 crore rupees, compared to 465,91,974.21 recorded on the previous business day. According to calculations, investors earned 415,593 crore rupees.

The reason for this acceleration of Sensex and Nifty was news announced by Finance Minister Nirmala Sitharaman. During the event, she made an important statement regarding taxes on long-term capital gains (LTCG) and short-term capital gains (STCG). She emphasized the government's readiness to carefully listen to investor concerns and feedback regarding the LTCG structure.

This statement by the Finance Minister was perceived as a serious signal for investors and market stakeholders, especially considering the constant demands from investors and market experts for the abolition or revision of the LTCG tax before the budget. Earlier, under Budget-2024, the Modi government had increased the LTCG tax on stocks to 12.5%, which caused concern among some stock market participants.

Amidst the strong growth on Tuesday, several stocks showed outstanding performance, bringing significant profits to their owners. Among them, in the category of large BSE companies were HCL Tech Share (growth of 8.28%), TCS Share (growth of 6.59%), Tech Mahindra Share (growth of 4.90%), Infosys Share (growth of 4.44%), HUL Share (growth of 2.94%), and Trent Share (growth of 2.61%).

Additionally, in the mid-cap company category, there was growth in Mphasis Share (growth of 5.18%), Coforge Share (growth of 4.46%), Phonix Share (growth of 3.92%), and Persistent Share (growth of 3.86%).