Market near day?s low; metal shares drop

The key equity benchmarks remained under pressure in mid- afternoon trade, with investors adopting a cautious stance amid rising Brent crude prices, weakness in the rupee against the US dollar. Sentiment also remained fragile following Nvidia CEO Jensen Huang's sudden resignation, which renewed uncertainty over the artificial intelligence sector. The Nifty slipped below 25,100 level as selling pressure persisted across the market.

Metal shares declined for second consecutive trading session.

At 14:25 IST, the barometer index, the S&P BSE Sensex declined 535.71 points or 0.65% to 81,382.76. The Nifty 50 index dropped 220.70 points or 0.87% to 25,078.65.

In the broader market, the Nifty MidCap 150 Index fell 0.68% and the Nifty SmallCap 250 Index tumble 0.51%.

The market breadth was weak. On the NSE, 1,211 shares rose and 2,363 shares fell. A total of 105 shares were unchanged.

Buzzing Index:

The Nifty Metal index declined 1.27% to 12,610.95. The index declined 1.37% in the past trading session.

National Aluminium Company (down 2.78%), Hindustan Zinc (down 2.45%), Hindalco Industries (down 2.17%), Adani Enterprises (down 2.07%), NMDC (down 2.05%), Steel Authority of India (down 1.22%), Hindustan Copper (down 1.21%), Vedanta (down 1.14%), Tata Steel (down 1%) and Lloyds Metals & Energy (down 0.98%) declined.

Numbers to Track:

The yield on India's 10-year benchmark federal paper rose 0.68% to 7.298 compared with the previous session close of 7.249.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 94.2800 compared with its close of 94.1200 during the previous trading session.

MCX Gold futures for 4 December 2026 settlement rose 0.29% to Rs 1,36,625.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.02% to 103.15.

The United States 10-year bond yield advanced 0.51% to 5.129.

In the commodities market, Brent crude for December 2026 settlement rose 56 cents or 0.58% to $96.38 a barrel.

Powered by Capital Market - Live News