- By Aditya Pratap Singh
- Tue, 12 May 2026 09:35 AM (IST)
- Source:JND
Stock Market Today: The domestic equity indices continued the last session's downward momentum on Tuesday as well due to selling in IT and other heavyweight stocks amid weak global cues. The 30-share BSE index started the session in red at 75,688.39 as compared to the last day's closing of 76,015.28 amid persistent selling pressure on current uncertain geopolitical conditions and higher crude rates. Similarly, Nifty50 started the session at 23,722.60 against the previous close of 23,815.85.
At the time of writing, the indices were trading sharply lower. Sensex was quoted at 75,341.46, down 673.82 points or 0.89 per cent, while Nifty50 was trading at 23,642.70, down 163.20 points or 0.69 per cent.
"Indian equity markets opened on a weak footing, with early trade reflecting a subdued undertone as selling pressure persisted across several sectors despite intermittent buying in select heavyweight stocks. The IT sector witnessed sharp weakness, declining more than 3%, amid continued pressure from weak global technology cues and cautious investor positioning," said Ponmudi R, CEO of Enrich Money.
"Crude oil prices remained relatively stable near key support levels following recent sharp fluctuations. However, the Indian rupee continued to trade under pressure due to persistent foreign fund outflows and cautious institutional positioning, contributing to elevated market volatility," he added.
Top Losers And Gainers
In early trade, except for NTPC, Tata Steel, SBIN, Bharti Airtel, Eternal, all other stocks from the 30-share Sensex basket were trading in negative territory, with TCS, Infosys, Tech Mahindra, HCL Tech, Adani Ports, ICICI Bank, Bajaj Finance, Asian Paints, Maruti, Bajaj FinServ, and HDFC Bank being among the top losers.
This is a developing story...