Nifty, Sensex Today : Broad-based selling drags the market down; IT and Pharma lead the fall| 9 April 2025
Markets ended in the red today, with the Nifty 50 slipping 136.70 points to close at 22,399.15, down 0.61%. The index traded between a high of 22,468.70 and a low of 22,353.25.
Indian equity markets ended the day deep in the red, with selling pressure visible across major sectors. The Nifty 50 slipped below 22,200 and closed near the 22,147 mark, down by over 124 points (-0.56%), while the Sensex lost around 410 points to settle near 72,930. The sentiment remained cautious throughout the day, largely due to weak global cues and heavy profit booking in large-cap stocks.
The pain was most visible in IT, Pharma, and Banking stocks. Heavyweights like Wipro (-4.23%), SBIN (-3.40%), and Tech Mahindra (-3.31%) witnessed sharp cuts. Even defensives like Sun Pharma and Cipla couldn’t hold their ground. On the positive side, stocks like Cipla managed to stay flat while TCS and ONGC limited their losses. Broader market indices also followed suit, with mid and small caps underperforming the benchmarks.
Top Headlines of the Day:
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European stocks drop as Trump’s reciprocal tariffs come into effect.
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China releases White Paper – signals willingness to communicate with the US.
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US Futures bounce off lows, but remain under pressure.
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RBI cuts repo rate by 25 bps to 6%, changes stance from neutral to accommodative.
- FY26 GDP growth forecast lowered to 6.5% (from 6.7%), and CPI inflation now seen at 4% (vs 4.2%).
Movers & Shakers: Who Ruled, Who Tumbled
On a largely weak trading day, defensive and consumption-focused names stood tall. Nestle India led the gainers’ list with a healthy 3.28% jump, followed closely by HUL which gained 2.61%, as investors turned to FMCG stocks amidst market volatility. Titan, Power Grid, and Tata Consumer also clocked decent gains between 1.6–1.8%, showing resilience. Auto stocks like Hero MotoCorp and Bajaj Auto, and healthcare major Apollo Hospitals, also attracted buying interest.
On the flip side, tech and banking names bore the brunt, with Wipro plunging over 4.2%, leading the losers’ pack. Heavyweights like SBI (-3.40%), Tech Mahindra (-3.31%), and L&T (-3.13%) followed closely, reflecting sectoral drag from IT and PSU banks. Tata Steel, Sun Pharma, and Infosys also witnessed sustained selling pressure. Even diversified names like Adani Enterprises, Coal India, and Axis Bank closed significantly in the red, contributing to the broader market weakness.
Top Gainers – Nifty 50
| Stock | Last Traded Price (₹) | % Change |
|---|---|---|
| Nestle India | 2,350.00 | +3.28% |
| Hindustan Unilever (HUL) | 2,349.00 | +2.61% |
| Titan | 3,178.95 | +1.81% |
| Power Grid | 294.10 | +1.78% |
| Tata Consumer | 1,087.55 | +1.66% |
| Hero MotoCorp | 3,621.45 | +1.32% |
| Apollo Hospitals | 6,840.85 | +1.26% |
| Bajaj Auto | 7,576.45 | +1.05% |
Top Losers – Nifty 50
| Stock | Last Traded Price (₹) | % Change |
|---|---|---|
| Wipro | 236.80 | -4.23% |
| SBI | 742.45 | -3.40% |
| Tech Mahindra | 1,270.95 | -3.31% |
| Larsen & Toubro | 3,062.00 | -3.13% |
| Trent | 4,625.70 | -2.97% |
| Shriram Finance | 624.75 | -2.60% |
| Tata Steel | 127.35 | -2.25% |
| Sun Pharma | 1,651.75 | -2.17% |
| Coal India | 375.25 | -1.99% |
| Infosys | 1,402.00 | -1.88% |
| Eternal | 211.15 | -1.88% |
| Adani Enterprises | 2,243.45 | -1.85% |
| Jio Financial | 221.10 | -1.85% |
| TCS | 3,239.00 | -1.79% |
| ONGC | 223.00 | -1.77% |
| HCL Tech | 1,380.70 | -1.76% |
| Axis Bank | 1,063.40 | -1.67% |
| Dr. Reddy’s | 1,093.25 | -1.31% |
| Cipla | 1,416.00 | -1.16% |
Sectoral Performance
Source : NSE
A sector-wide selloff was visible today, with IT, PSU Banks, Pharma, and Realty facing the brunt:
It was a red day for most sectors. The IT index dropped 2.19%, led by sharp corrections in frontline tech stocks like Wipro, Infosys, and TCS. PSU Banks were the worst performers, declining 2.52%, while Pharma (-1.97%) and Realty (-1.90%) also saw aggressive selling. Even defensive sectors like Healthcare and Media couldn’t hold up, falling over 1%.
However, FMCG stood out, rising +1.78%, clearly reflecting a flight to safety amid market uncertainty. Consumer Durables and Auto managed to stay afloat, with modest gains of +0.23% and +0.01% respectively, showing that investor preference leaned towards consumer-facing sectors.
| Sector | % Change |
|---|---|
| Nifty IT | -2.19% |
| Nifty PSU Bank | -2.52% |
| Nifty Pharma | -1.97% |
| Nifty Realty | -1.90% |
| Nifty Metal | -1.48% |
| Nifty Media | -1.22% |
| Nifty Healthcare | -1.04% |
| Nifty Energy | -0.97% |
| Nifty Fin Services | -0.69% |
| Nifty MidSmall | -0.68% |
| Nifty Private Bank | -0.32% |
| Nifty Oil & Gas | -0.27% |
| Nifty Bank | -0.54% |
| Nifty FMCG | +1.78% |
| Nifty Consumer Durables | +0.23% |
| Nifty Auto | +0.01% |
FMCG and Consumer Durables were the bright spots, benefiting from a defensive shift in investor sentiment.
Advance-Decline Ratio
The breadth of the market leaned bearish:
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Advancing Stocks: 1,083
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Declining Stocks: 1,747
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Unchanged: 79
The negative ratio clearly shows that the broader market struggled, especially in mid and small-cap spaces.
Options Action: Big Unwind Ahead of Holiday
The options market saw massive premium erosion across both Calls and Puts, clearly reflecting the weekly expiry adjustment and the short trading week due to the holiday on Wednesday. The most active Call options, including 22,400 CE, 22,450 CE, and 22,500 CE, saw their prices nearly wiped out — dropping over 99%, signaling a complete bullish unwind. On the Put side, 22,400 PE and 22,350 PE also fell sharply by over 99%, showing heavy unwinding on bearish bets too.
Interestingly, the 22,450 PE held some value, closing at ₹50.85, indicating late buying interest or hedging near the money as markets corrected. The Open Interest (OI) data further confirmed the same — both 22,400 CE and PE emerged as the most active contracts, but with deep cuts, suggesting traders are squarely resetting their positions for the next expiry rather than carrying directional bias into the break.
Global Market Mood: Not Helping
It wasn’t just India — global markets had a tough day too. Asian markets saw steep declines, especially Nikkei 225 (-4.09%), Taiwan Weighted (-6.14%), and KOSPI (-1.77%). Even the GIFT Nifty, a key indicator for domestic sentiment, closed at 22,363.50, down 123.50 points (-0.55%), mirroring the overall trend.
European Markets
| Index | Close | Change | % Change |
|---|---|---|---|
| 🇬🇧 FTSE 100 (UK) | 7,642.08 | -268.45 | -3.39% |
| 🇫🇷 CAC 40 (France) | 6,833.75 | -266.67 | -3.76% |
| 🇩🇪 DAX (Germany) | 19,500.63 | -779.63 | -3.84% |
European markets opened sharply lower, with DAX losing 3.84%, and CAC and FTSE each down by more than 3%, signaling continued global risk-off sentiment.
Asian Markets
| Index | Close | Change | % Change |
|---|---|---|---|
| 🇮🇳 GIFT NIFTY | 22,363.50 | -123.50 | -0.55% |
| 🇯🇵 Nikkei 225 | 31,714.03 | -1,298.55 | -4.09% |
| 🇸🇬 Straits Times | 3,393.69 | -75.78 | -2.23% |
| 🇭🇰 Hang Seng | 20,264.49 | +136.81 | +0.68% |
| 🇹🇼 Taiwan Weighted | 17,391.76 | -1,068.19 | -6.14% |
| 🇰🇷 KOSPI | 2,293.70 | -40.53 | -1.77% |
| 🇹🇭 SET Composite | 1,088.18 | +13.59 | +1.25% |
| 🇮🇩 Jakarta Composite | 5,967.99 | -28.15 | -0.47% |
| 🇨🇳 Shanghai Composite | 3,186.81 | +41.26 | +1.29% |
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Biggest fall: Taiwan Weighted -6.14%, followed by Nikkei -4.09%
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Green shoots: Shanghai +1.29%, SET +1.25%, Hang Seng +0.68%
Bottom Line
The market is clearly in a “sell-on-rise” mode as global cues remain weak and investors are locking in profits ahead of results season. With IT earnings expected soon and geopolitical tensions lingering, volatility might remain elevated in the near term. For now, it’s all about risk management and sticking to quality names. While the RBI’s accommodative stance might support growth in the medium term, the downgrade in GDP projections hints at slowing momentum, which the market doesn’t take lightly. The IT-led fall indicates possible earnings pressure ahead, especially with a weak global tech spending outlook.
Volatility is on the rise again with India VIX jumping over 4.8%, so traders should brace for more ups and downs in the near term. For now, it’s a market where stock selection and sector rotation are key.
Also Read Nifty Sensex Today: Dalal Street Roars Back, Nifty Reclaims 22,500, VIX Falls Over 10%| 8 April 2025
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