Nifty 50 Falls 0.65%, Sensex Down 525 Points; Realty, Pharma Limit Losses as Brent Crude Tops $100

Indian benchmark indices pared some losses from the day’s low, supported by gains in realty and pharma stocks. However, the broader sentiment remained weak amid rising global concerns.

The Nifty 50 was trading 0.65 per cent, or 155.75 points, lower at 23,841.55, while the Sensex declined 0.68 per cent, or 525.51 points, to 77,024.74.

Among the Top Gainers in the Nifty 50 index were Adani Enterprises, HDFC Bank, and ICICI Bank, which provided some support to the benchmarks during the session.

The broader markets remained under pressure, with the Nifty MidCap index falling 0.62 per cent and the Nifty SmallCap index declining 0.69 per cent, indicating continued selling across mid- and Small-Cap stocks.

On the sectoral front, the Nifty PSU Bank and Nifty Auto indices witnessed the sharpest declines. In contrast, the Nifty Midsmall Healthcare index showed relative resilience, falling the least among sectoral indices.

Meanwhile, global cues remained cautious as crude oil prices surged. Brent crude rose above the USD 100-per-barrel mark, driven by fears of prolonged supply disruptions through the Strait of Hormuz amid the escalating U.S.-Iran conflict. The April contract of Brent crude was trading 7.31 per cent higher at USD 102.61 per barrel.

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