Indian Stock Market Today: Sensex and Nifty Extend Losses for Fifth Session

The Indian stock market fell for the fifth straight session on Thursday, as global worries, trade tensions, and economic uncertainty dragged investor sentiment.

Market Performance

The benchmark indices slipped further, with Sensex falling 555.95 points (0.68%) to close at 81,159.68, while the Nifty 50 dropped 166.05 points (0.66%) to settle at 24,890.85. This extended weakness has pushed Nifty below the crucial 24,900 mark, reflecting cautious undertones in the broader market.

Global Cues Driving Sentiment

The weakness in the Indian stock market was largely influenced by overnight cues from global markets.

• US Tariffs: Fresh tariffs announced by the US President on key sectors such as pharmaceuticals, furniture, and heavy trucks added to global trade worries.

• US GDP Growth: Revised data showed the US economy expanded at 3.8% in Q2, faster than the earlier estimate of 3.3%. Stronger growth raised doubts about near-term US Fed rate cuts.

• Wall Street Impact: The Dow Jones fell 173.96 points (-0.38%) to 45,947.32, the S&P 500 slipped 33.25 points (-0.50%) to 6,604.72, and Nasdaq declined 113.16 points (-0.50%) to 22,384.70.

• Asian Market Trends: Most Asian indices opened lower. Japan’s Nikkei dipped 0.28%, South Korea’s Kospi slipped 1.54%, and Hong Kong’s Hang Seng futures also indicated weakness.

Gift Nifty Signals Weak Opening

Gift Nifty was trading around 24,902, showing a 66-point discount to the Nifty futures’ previous close. This indicated a soft start for Indian equities on Friday.

Additional Global Factors

• US Jobless Claims: Weekly unemployment claims fell by 14,000 to 218,000, suggesting resilience in the US job market.

• Durable Goods Orders: Orders for US-manufactured capital goods rose 0.6% in August, against expectations of a decline. Durable goods orders overall rebounded 2.9% after falling 2.7% in July.

• Gold Prices: Spot gold eased 0.2% to $3,741.71 per ounce as stronger US economic data strengthened the dollar and weighed on rate-cut hopes.

• Dollar Index: The US dollar index hovered near a three-week high at 98.42, supported by reduced expectations of Fed easing. The yen held close to 150, while the euro slipped to $1.1668.

Company Earnings Update

Accenture reported 7% YoY revenue growth to $17.60 billion for the June–August 2025 quarter, slightly above estimates. New bookings rose 6% to $21.31 billion. For FY25, revenues were up 7% at $69.7 billion, with guidance for FY26 revenue growth between 2% and 5%.

Summary

The Indian stock market continues to face selling pressure as global headwinds dominate sentiment. Rising US tariffs, upbeat GDP numbers, and hawkish Fed signals have dampened optimism. With Asian markets trading lower and Gift Nifty hinting at a weak start, the near-term outlook stays