Sensex, Nfity under pressure; auto shares rally for 2nd day

The key equity benchmarks traded with moderate losses in mid-afternoon trade as investors adopted a cautious stance amid the expiry of derivatives contracts on the NSE and the ongoing Q2 earnings season. The Nifty traded below the 22,700 mark, reflecting subdued sentiment and a lack of strong buying conviction.

Auto shares witnessed buying interest for two consecutive trading sessions.

At 14:25 IST, the S&P BSE Sensex declined 340.68 points or 0.46% to 73,266.07. The Nifty 50 index fell 96.15 points or 0.42% to 22,662.75.

The broader market outperformed the frontline indices. The Nifty MidCap 150 Index advanced 0.65% and the Nifty SmallCap 250 Index rose 1.92%.

The market breadth was strong. On the BSE, 2,310 shares rose and 1,179 shares fell. A total of 123 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.65% to 16.53.

Buzzing Index;

The Nifty Auto index jumped 1.18% to 25,264.85. The index rose 1.62% in the two consecutive trading sessions.

Sona BLW Precision Forgings (up 8.5%), TVS Motor Company (up 2.45%), Bharat Forge (up 2.36%), Bajaj Auto (up 2.11%), Samvardhana Motherson International (up 1.89%), Maruti Suzuki India (up 1.27%), Hero MotoCorp (up 1.26%), Uno Minda (up 1.1%), Tube Investments of India (up 0.78%) and Eicher Motors (up 0.55%) surged.

Numbers to Track:

The yield on India's 10-year benchmark federal paper rose 0.08% to 7.488 compared with previous session close of 7.482.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.1950 compared with its close of 95.1500 during the previous trading session.

MCX Gold futures for the 4 December 2026 settlement fell 0.65% to Rs 1,42,136.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.19% to 102.16.

The United States 10-year bond yield advanced 0.12% to 4.988.

In the commodities market, Brent crude for the December 2026 settlement advanced 74 cents or 0.64% to $116.55 a barrel.

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