Sensex today | Stock Market Highlights: Sensex falls 893 points, Nifty ends lower as IT and metal stocks drag markets

concept of stock market exchange or financial technology, polygon bull and bear with futuristic element | Photo Credit: Jackie Niam

Sensex Today, Nifty 50 | Stock Market Highlights: Indian shares fell on Tuesday, pressured by losses in major IT and metal stocks. The decline followed weaker business activity data and mounting concerns about an irregular monsoon, which led investors to book profits after a recent rally fuelled by lower oil prices.

Sensex settled 893.39 points, or 1.16%, lower at 76,200.68, while the Nifty 50 declined 278.80 points, or 1.16%, to close at 23,824.10. The Nifty Metal index declined 3.22%, while the Nifty IT index fell 2.23%. The Nifty Pharma index was the only exception, gaining 0.92%.

Out of 4,447 stocks traded, 1,492 advanced, 2,788 declined, and 167 remained unchanged. Meanwhile, 195 stocks hit 52-week highs, 55 touched 52-week lows, 189 hit the upper circuit, and 191 hit the lower circuit.

Rupee falls 11 paise to 94.74 against the US dollar, influenced by a strong dollar and weak domestic markets.

NLC India Limited Signs MoU with Indian Oil Corporation Limited for Development of large scale Renewable Energy (RE) projects including Solar, Wind, Hybrid Power.

Among Nifty Metal (the worst performer in today’s session), Vedanta and National Aluminium emerged as the top losers.

Nifty Pharma outperformed, hit an all-time high of 25,294.50 during the session.

Eurogrip Tyres, India’s leading 2 & 3-wheeler tyre brand from TVS Srichakra Ltd., announced the opening of five new exclusive retail stores in Hyderabad, Telangana.

Nephrocare Health Care Services, Philippines Inc., an overseas step-down wholly-owned subsidiary of Nephrocare Health Services, entered into an Asset Transfer Agreement (“ATA”) with Pag-Asa Dialysis And Diagnostic Center for the acquisition of identified assets relating to a dialysis center located at Magsaysay St., Poblacion, Ipil, Zamboanga Sibugay, Philippines, for a total consideration of PhP 80,640,000.

DSP Mutual Fund has launched a new digital campaign that challenges a common investor mindset around small-cap investing. While many investors focus on when to enter, the bigger test is often whether they can stay invested when markets turn uncomfortable.

The campaign is built around a simple insight: knowing that markets are volatile is very different from experiencing volatility firsthand. Through a series of stark, data-led creatives and a corresponding landing page, DSP highlights the behavioural challenges that often determine long-term investment outcomes like sharp corrections, extended recovery periods, and the difficulty of making decisions during uncertain phases.

Rather than focusing on the return potential of small caps, the campaign brings attention to the realities that investors need to acknowledge before committing capital. Using historical index data, the creatives demonstrate how small-cap markets can experience significant declines, how recoveries can take time, and why attempting to consistently time market entry and exit can be challenging.

At its core, the campaign explores the idea that the difficult part of small-cap investing is rarely getting started. It is staying invested when markets test patience, conviction and perspective, something which most digital, self-directed investors lack.

The campaign uses sharp, direct messaging to move the conversation beyond the excitement around small caps. Lines such as “Courage gets you into small caps. Resilience keeps you there” and “Everyone wants in on small caps. Nobody asks what it takes to stay in” highlight the importance of investor preparedness and temperament.

By bringing this often-overlooked aspect of investing into focus, DSP aims to encourage investors to approach small-cap investing with greater awareness and discipline.

DSP is rolling out the campaign across digital platforms and encourages investors to align investments with their risk appetite and seek guidance from a trusted financial advisor or mutual fund distributor whenever required.

Commenting on the campaign, Manish Rathi, Head – Direct and Institutional Marketing, DSP Mutual Fund, said, “Most campaigns are designed to get people to invest. This one is designed to make them pause first. We wanted investors to confront the realities of small-cap investing before they invest, not after markets become difficult. Understanding what one is signing up for can help investors stay committed through periods of volatility. In small caps, staying invested is often the hardest part of the journey.”

Power Grid board approved General Information Document (‘GID’) for the issuance of POWERGRID Debentures in one or more tranches or through one or more issuances, for the fiscal year 2026-27.

According to the smallcase manager of Growth Investing, India’s markets have successfully navigated one of the most geopolitically volatile quarters in recent memory. The firm notes that for India, the signing of the US-Iran deals and crude trading near $70–$80 per barrel is clearly favourable, as it will help ease inflation, support the rupee, reduce the import bill, and benefit rate-sensitive and oil-consuming sectors.

The key risk to this outlook is any breakdown in the peace deal or renewed disruption at the Strait of Hormuz, which could re-spike crude, revive inflation and rate-hike concerns, and reverse gains across both rate-sensitive and oil-consumer sectors.

Mr. Narender Singh, smallcase manager and Founder & CEO at Growth Investing said, “This was a quarter where geopolitics, not fundamentals, drove the oil market and, by extension, Indian equities. The round trip in crude from $102 to $115 and back to $82 shows just how sensitive inflation, rate expectations and rural-linked sectors remain to developments around the Strait of Hormuz. With a peace deal now on the table, the focus for Q2FY27 shifts to whether crude can sustainably settle in the $70–$80 range, which would meaningfully ease the inflation and growth concerns the RBI flagged this quarter.”

The quarter also played out amid intensifying heat conditions across India, with global air quality platform IQAir reporting on 27 April 2026 that all of the world’s 50 hottest cities were located in the country — underscoring the broader climate and energy pressures weighing on the economy.

Crude Oil Price Movement & Drivers: Crude oil price swings emerged as the single biggest driver of equity performance, inflation trends and RBI policy through April–June 2026. The blockade of the Strait of Hormuz and a US naval blockade disrupted a significant share of global oil flows, sending Brent crude on a sharp round trip through the quarter and leaving its mark across nearly every corner of the Indian market.

Crisil has announced an upgrade in Nuvama’s long-term rating from AA- (Positive) to AA (Stable). The upgrade is basis key parameters including the Group’s sustained business growth, increasing diversification across revenue streams, healthy capitalisation metrics, and a consistent earnings profile. Nuvama reported a consolidated net profit of Rs. 1,040 crore for FY2026, with a Return on Equity of ~27.2%, while overseeing Rs. 4,52,548 crore in client assets growing at a three-year CAGR of 25% — spanning wealth management, asset management, investment banking, institutional equities, and asset services. The short-term rating has also been reaffirmed at Crisil A1+, the highest possible short-term rating, further reinforcing Crisil’s confidence in Nuvama’s financial strength and stability.

Market volatility can make it difficult for investors to stay committed to their long-term financial goals. In an environment marked by global uncertainty, fluctuating interest-rate conditions, geopolitical developments, many consumers are looking for investment options that allow them to participate in India’s growth story while aiming to reduce the im...