Post by : Bianca
Haleem
Mumbai, November 7 — The Indian stock markets began lower on Thursday, as investors opted to take profits following significant gains in October. Positive corporate earnings and advancements in India-US trade talks provided some backdrop, but they weren’t enough to support the overall sentiment.
By 11:35 am, the BSE Sensex was down 0.21% at 83,134.30 points, while the Nifty 50 fell by 0.22% to 25,454.35 points. Both indices have seen losses of approximately 1.5% this week after a notable 4.5% rise in October. Every major sector commenced the day in negative territory.
Among the Nifty 50, top decliners included Bharti Airtel, HCL Technologies, Tech Mahindra, NTPC, TCS, and Maruti Suzuki. Conversely, ITC, ICICI Bank, and Eternal Ltd. posted modest gains. Bharti Airtel shares dipped nearly 4% following a 5.1 crore share block transaction, amid reports that Singapore’s Singtel is divesting its stake at a 3.1% discount.
Amber Enterprises tumbled 12.5% after announcing a Q2 FY26 loss, attributing it to a downturn in the consumer durables segment. Crompton Greaves also fell, down 2% due to a drop in quarterly profits. Conversely, shares in Lupin increased by 1.3%, while LIC of India rose 1% on solid quarterly earnings.
Retail investors maintained market support, with domestic institutions acquiring stocks valued at ₹5,283.91 crore. In contrast, foreign investors sold equities worth ₹3,263.21 crore, exerting pressure on the benchmarks.
Market sentiment remains cautious as investors assess global interest rate dynamics and domestic growth indicators. Although short-covering could prompt a market rebound, there are currently no clear catalysts to reverse the current bearish trend.
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