Stock Market Today: Nifty 50 at 25,880, Sensex Near 83,900

IT stocks under pressure, rupee steadies after RBI action, and stock-specific moves keep traders alert

The Indian stock market is trading weakly as global cues and currency moves influence sentiment. The Nifty 50 is hovering near the 25,880 level, down around 0.3% during the session. The BSE Sensex is moving around 83,900 after opening lower in the morning trade. There is no panic selling, but traders are cautious, and positions are being adjusted as the day progresses.

The overall mood remains mixed. Some buying interest is visible in select indices; broader indices are under mild pressure. Market breadth shows more declines than advances in the mid-cap and small-cap segments, which indicates that risk appetite is slightly reduced today.

IT Stocks Drag Indices

Information technology shares are the biggest losers in today’s session. The Nifty IT index is down nearly 4% as investors react to global developments. Stronger US jobs data has reduced expectations of early rate cuts by the Federal Reserve, and this is impacting export-oriented companies.

Large software companies are witnessing profit booking after sa trong rally in previous months. There is also discussion around artificial intelligence impacting the traditional IT services model, and that is creating some nervousness. Because IT has strong weightage in indices, the fall in this sector is pulling benchmarks lower.

Rupee Movement and RBI Action

The currency market is active today. The Indian rupee opens stronger after the Reserve Bank of India steps in with aggressive dollar sales in the pre-open session. The intervention helps to prevent the rupee from weakening toward the 91 mark against the US dollar.

After the action, the rupee touched 90.14 per dollar in interbank trade. This move is seen as a signal that the central bank will not allow excessive volatility. The dollar had strengthened globally after solid US employment numbers, so RBI action provides some stability to domestic financial markets.

Banking and Financial Sector Trends

Banking stocks are trading mixed. Some public sector banks are showing gains on the expectation of better credit growth and steady demand for loans. On the other side, a few private banks are under pressure after adjustments in lending rates.

Canara Bank reduces overnight and one-month MCLR by 5 basis points, effective from today. This step is viewed as supportive for borrowers and could help loan demand slowly improve. Market participants are closely watching how lending rates move in the coming weeks, because that affects consumption and business activity.

Earnings and Stock Specific Action

Stock-specific movements are sharp in today’s trade. Lenskart Solutions reports strong quarterly profit growth, and its share price jumps more than 9% during the session. Positive margin commentary is helping sentiment in consumer-related stocks.
However, some industrial and consumer electronics companies are trading lower after weaker-than-expected results. Jupiter Wagons and a few other mid-cap names are witnessing selling pressure. Because of these mixed earnings, overall index movement remains range-bound and not trending strongly in one direction.

Inflation Debate and Rate Outlook

There is also discussion in the market about recent changes in inflation measurement. Some analysts believe that revised data could give the Reserve Bank of India reason to remain on hold in upcoming policy meetings. If rates stay higher for longer, interest-sensitive sectors may face pressure.

Rising US bond yields are limiting foreign investor flows into emerging markets. Foreign institutional investors are selectively buying energy and consumer staples stocks, but exposure to the technology sector is being reduced. This selective approach shows investors are not fully confident yet.

Technical View and Near-Term Levels

Derivatives data indicate moderate rollover positions into the next expiry. Traders are keeping an eye on the 26,000 level on Nifty, which is considered an important psychological mark. As of now, the index is struggling to move above that level convincingly.

The market seems to be in a consolidation phase after a strong rally seen in late 2025. Volatility is present but not extreme. Liquidity conditions remain manageable after RBI intervention, though sentiment is slightly fragile.

Overall, the Indian stock market is trading cautiously with a negative bias. IT weakness, global rate concerns, and currency action are shaping today’s movement. At the same time, selective buying in banks and consumer stocks is preventing a deeper correction. 

Direction for the rest of the session depends on global cues and institutional flows, and any fresh news can quickly change trading sentiment.