On Wednesday, September 4, the Indian stock market saw a decline with both the Sensex and Nifty 50 ending in the red. The Sensex closed 203 points, or 0.25 percent, lower at 82,352.64, while the Nifty 50 ended down 81 points, or 0.32 percent, at 25,198.70.
The day began with a sharp drop for the frontline indices. The Sensex opened at 81,845.50, down by 710 points, and hit an intraday low of 81,833.69, reflecting a drop of 722 points. The Nifty 50 opened at 25,089.95 and touched an intraday low of 25,083.80.
Despite the early losses, the indices managed to recover some ground thanks to gains in stocks such as Reliance Industries, Hindustan Unilever, and Asian Paints. However, the overall performance remained weak due to profit booking in major stocks like ICICI Bank, Infosys, and Larsen & Toubro (L&T), coupled with negative global cues.
The Sensex saw 19 out of its 30 constituent stocks end lower, dragged down by Mahindra & Mahindra, ICICI Bank, State Bank of India, and Axis Bank, which fell by up to 1.29 percent. On the other hand, Asian Paints, Hindustan Unilever, and Ultratech Cement were among the 11 stocks that ended with gains of up to 2.39 percent.
The Nifty 50 also had 31 of its 50 stocks finish lower. Wipro, Coal India, ONGC, Hindalco, and LTIMindtree saw losses of up to 3.05 percent. Conversely, Asian Paints, Grasim Industries, Hindustan Unilever, UltraTech Cement, and Sun Pharma were among those that contributed to gains of up to 2.50 percent.
The BSE Midcap index fell by 0.12 percent, while the Smallcap index managed a modest increase of 0.32 percent. Among sector indices, IT, PSU Bank, Auto, Financial Services, and Metal sectors experienced declines of up to 1.69 percent. In contrast, sectors such as FMCG, Pharma, Media, Realty, and Healthcare saw gains of up to 1.09 percent.
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