Market at Close | Sensex falls 148 points, Nifty ends below 25,500 amid broad-based decline

The equity benchmark indices remained weak on Thursday (November 6), failing to hold any recovery, with the Nifty closing below the 25,500 mark amid a broad-based decline.

The Sensex fell 148 points to end at 83,311, while the Nifty slipped 88 points to 25,510. The Nifty Bank index was down 273 points at 57,554, and the Midcap index fell 569 points to 59,469.

AB Group stocks led the fall, with Grasim and Hindalco among the top Nifty losers. Power Grid extended Tuesday’s losses, dropping another 3% today. Most two-wheeler auto names remained weak, with Eicher Motors among the top losers.

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Delhivery, Aditya Birla Fashion and Retail (ABFRL), Blue Star, and NCC were down up to 8%. Blue Star lowered its revenue and margin guidance, causing a 6% fall in the stock. Weak commentary from Blue Star also dragged peers Havells and Voltas, which slipped 3–5%.

Godrej Properties reported an in-line second quarter but ended near the day’s low. Chola Investment saw its stock decline 3% after reporting an increase in NPA percentage. Ola Electric lowered its revenue and volume outlook following a muted second quarter, with the stock down 5%.

Among gainers, Astral, Nuvama, and Britannia advanced after healthy Q2 results. Paytm rose 4% on strong Q2 earnings and its addition to the MSCI Index. Redington rallied 15% after reporting all-around growth in its second quarter. Market breadth was firmly in favour of decline, with the advance-decline ratio at 1:3.

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