The BSE Sensex declined by 1.60%, closing at 75,838.36 points.
The Nifty 50 index fell by 0.66%, settling at 23,192.9 points.
Financial Sector: Axis Bank Ltd. shares decreased by 1.87% to 969.75 INR, yet outperformed peers like State Bank of India and ICICI Bank Ltd., which saw declines of 2.59% and 2.98%, respectively.
Energy Sector: NTPC Ltd. shares dropped by 3.51% to 324.25 INR, underperforming compared to competitors such as Tata Power Co. Ltd. and Torrent Power Ltd.
Technology Sector: HCL Technologies Ltd. shares edged up by 0.33% to 1,801.70 INR, outperforming the broader market downturn.
Regulatory Developments:
The Securities and Exchange Board of India (SEBI) is considering the introduction of ‘when-listed’ securities trading, allowing shares to be traded post-IPO closure but prior to official stock exchange listing. This initiative aims to regulate and legitimize curb trading during the T+3 interval from issue closure to listing.
Global Influences:
Investor sentiment was impacted by U.S. President Donald Trump’s announcement of potential 25% trade tariffs on Mexico and Canada, contributing to market volatility.
These developments reflect a cautious market environment influenced by both domestic regulatory considerations and international trade policies.
Disclaimer: Not financial advice, only for research purposes.
