The BSE Sensex fell 346 points, or 0.41%, to close at 84,695.54, while the NSE Nifty 50 dropped 100 points, or 0.38%, settling below the 26,000 mark at 25,942.10.
Here’s how analysts read the market pulse:
The market appears short on catalysts for further upside, with investors largely in holiday mode, signalling a potential consolidation phase in the near term, said Vinod Nair, Head of Research at Geojit Investments, adding that while the outlook for 2026 remains constructive, attention is expected to shift toward upcoming Q3 earnings and clarity on the U.S. trade agreement.
“In an environment of global trade anxiety and a weakening rupee, investors are likely to favour large-cap stocks for their relative safety and stronger earnings visibility,” said Nair.
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Tech View
The Nifty witnessed profit booking during the session, leading to a decline in the market, said Rupak De, Senior Technical Analyst at LKP Securities, adding that on the derivatives front, 26,000 PE put writers unwound their positions as the index slipped below this level.
“The trend has weakened as the index moved below the 21 EMA; additionally, it has retraced more than 50% of the previous rise, casting doubt over the sustainability of the recent rally. On the downside, support is placed at 25,900, while on the upside, the 26,000 level is likely to act as the initial resistance,” said De.Also read | Warren Buffett’s biggest investment isn’t Apple, BofA or Coca-Cola — it’s a stock hidden in plain sight
Most active stocks in terms of turnover
Hindustan Copper (Rs 9,867 crore), Hindustan Zinc (Rs 1,774 crore), Dixon Technologies (Rs 1,587 crore), Vedanta (Rs 1,542 crore), RVNL (Rs 1,442 crore), Coforge (Rs 1,355 crore) and HDFC Bank (Rs 1,343 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 53.88 crore), Hindustan Copper (Traded shares: 19.54 crore), HFCL (Traded shares: 17.18 crore), MMTC (Traded shares: 10.74 crore), IRFC (Traded shares: 8.03 crore), NMDC (Traded shares: 5.07 crore) and YES Bank (Traded shares: 5.02 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of MMTC, HEG, HFCL, Shipping Corporation of India, Motherson Sumi Wiring India, Emami and Graphite India were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 115 stocks hit their 52-week highs today, while 195 stocks slipped to their 52-week lows. Among the ones which hit their 52-week highs were Hindustan Copper and Titan.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were IRFC, RVNL, Reliance Infrastructure, Craftsman Automation, Inventurus Knowledge Solutions, Dixon Technologies and Kirloskar Oil.
Sentiment meter bearish
The market sentiments were bearish. Out of the 4,512 stocks that traded on the BSE on Monday, 2,748 stocks witnessed declines, 1,568 saw advances, while 196 stocks remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)