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Stock Market Live Updates: Sensex Below 81,500, Nifty Erased 25K Mark; Top Tata Stocks Drop Sharply

Stock Market Live Updates: Nifty and Sensex opened on a weak note on Thursady. Earlier, Gift Nifty indicated a weak opening of the benchmark indices.

Stock Market Live Updates: Sensex Below 81,500, Nifty Erased 25K Mark

On Wednesday, the benchmark indices witnessed a sharp decline in their valuation with IT, FMCG stocks taking the hit. Auto anciliary stocks remained strong.

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"Indian equities extended its losing streak for the fourth consecutive session, with Nifty 50 declining by 113 points to close at 25,057 (down 1.4% in the last 4 days). Market sentiments were weighed down by continued concerns over U.S. visa policy changes and persistent FII selling. The weakness was broad-based, with Nifty Midcap100 and Smallcap100 falling by 1% and 0.7% respectively. Sectorally, Realty was the biggest laggard, down 2.5%. Nifty Auto declined by 1.2% on profit booking, while IT, banking and financial services were down between 0.6-1% each. Meanwhile, Nifty FMCG was the sole index ending in the green, up 0.2%. Shares of ship-building companies were in focus as the Union Cabinet approved Rs69,725 crore plan to revitalise India's shipbuilding and maritime sector," noted Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.

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