Sensex Falls 400 Points, Nifty Slips 100 as Investors React to Q2FY26 Results

Market Update at 12:30 PM: Equity markets in India traded on a weak note on Tuesday, staying stock-specific as investors reacted to Q2FY26 earnings and broader corporate developments. On the economic front, participants awaited updates on the ongoing US-India trade negotiations.

United States President Donald Trump stated on Monday (local time) that his administration is working on “a very different deal” with India than those in the past. “They don’t love me, but they will love us again. We are getting a fair deal,” Trump said, hinting at possible trade adjustments between the two nations.

At 83,140, the BSE Sensex was down by 395 points or 0.47 per cent, while the Nifty50 declined 111 points or 0.43 per cent to 25,464. Bajaj Finance led the losers on the Sensex with a 7 per cent fall. Other major laggards included Bajaj Finserv, Tata Motors PV, Power Grid, Tata Steel, Kotak Bank, Asian Paints, SBI, NTPC, and Tech Mahindra.

On the positive side, M&M gained 1 per cent, followed by BEL, TCS, HCL Tech, Trent, Infosys, and ICICI Bank. In the broader market, the Nifty MidCap index fell 0.41 per cent and the Nifty SmallCap index declined 0.47 per cent.

Across sectors, all indices except the Nifty IT ended lower. The Nifty Financial Services and Nifty PSU Bank indices slipped 1 per cent each, while the Nifty Realty index dropped 0.5 per cent.

Market Update at 10:30 AM: Indian equities opened higher on Monday, tracking broad gains across Asian markets, on optimism that the historic U.S. government shutdown may soon be resolved. The Nifty 50 rose 0.32 per cent to 25,567.05, while the BSE Sensex added 0.29 per cent to 83,460.6 as of 9:20 am IST.

On the domestic front, 15 of the 16 major sectors advanced in early trade. The broader Small-Cap and Mid-Cap indices rose nearly 0.4 per cent each, indicating a positive market breadth.

Among stocks, Bajaj Auto rose 0.5 per cent, while beauty retailer Nykaa gained 2.7 per cent after reporting a rise in quarterly profit. India’s equity markets opened higher on Tuesday, supported by optimism surrounding a potential trade deal with the U.S. and improved global sentiment as investors anticipated the reopening of the American government.

At 9:15 a.m. IST, the Nifty 50 advanced 0.17% to 25,617, while the BSE Sensex gained 0.16% to 83,671.52. Out of the 16 key sectoral indices, 15 opened in the green. IT stocks, represented by the IT index, climbed 0.6%, benefiting from their strong exposure to the U.S. market.

On Monday, U.S. President Donald Trump stated that Washington was nearing a trade and investment agreement with India to strengthen economic and security cooperation and boost American energy exports. This development comes after a period of strained relations, during which Trump had doubled tariffs on Indian imports to 50% in response to India’s purchase of Russian oil.

In the US, a majority of Senate members voted on Monday to pass a bill ending the 41-day federal government shutdown.

Among individual stocks, Bajaj Finance declined 3.8% after the company lowered its asset growth forecast, citing higher bad loans and intensified competition.

Pre-Market Update at 7:40 AM: On Tuesday, November 11, equity benchmark indices — Sensex and Nifty 50 — are likely to open flat-to-positive. Trends on the GIFT Nifty indicated a positive start, with the index trading 63 points higher at 25,728 around 7:13 AM.

In political developments, US President Donald Trump stated that Washington and New Delhi were nearing a trade agreement, suggesting that the US may soon lower tariffs on Indian goods. The agreement is expected to benefit both economies. Meanwhile, US Federal Reserve Governor Stephen Miran indicated support for a December rate cut, citing cooling inflation and a weak job market, suggesting a 25–50 basis point reduction.

In early Asian trade, markets were trading higher, while US indices rallied overnight on optimism over a potential end to the government shutdown. Positive cues from corporate earnings and progress in India–US trade discussions may provide further market support.

On Monday, November 10, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 4,114.85 crore. Domestic Institutional Investors (DIIs) maintained their buying trend, purchasing equities worth Rs 5,805.26 crore — marking their 12th consecutive session of net inflows.

On November 10, Indian markets ended higher after a three-day losing streak, supported by gains in IT stocks amid hopes of resolution to the US government shutdown. The Nifty 50 rose 82.05 points or 0.32 per cent to 25,574.35, while the Sensex advanced 319 points or 0.38 per cent to 83,535.35. India VIX fell 2 per cent to below 12.5.

Among sectors, 7 of 11 indices closed positive, led by IT stocks. Major gainers included TCS, HCLTech, Wipro, and Infosys, which rose between 1 per cent and 2.5 per cent. Broader markets also gained, with Nifty Midcap 100 and Smallcap 100 closing higher.

US stocks rallied sharply on Monday, led by major AI-focused companies. The Dow Jones gained 0.81 per cent to 47,368.63, the S&P 500 climbed 1.54 per cent to 6,832.43, and the Nasdaq surged 2.27 per cent to 23,527.17 — its biggest one-day gain since May 27. 

Gold prices rose to a near three-week high as expectations increased for another US Fed rate cut in December. Spot gold climbed 0.4 per cent to USD 4,131.83 per ounce, while US gold futures gained 0.4 per cent to USD 4,138.70 per ounce. Crude oil prices edged slightly lower, with Brent crude down 0.19 per cent at USD 63.94 per barrel and US WTI futures slipping 0.23 per cent to USD 60.01 per barrel.

For today, SAIL will remain on the F&O ban list.

Disclaimer: The article is for informational purposes only and not investment advice.