Indian equities slumped for the second straight day, with losses deepening across stocks like Bajaj finance. Sensex closed 721 points lower at 81,463, while Nifty 50 breached the 24,850 mark, ending at 24,837.
Selling pressure in NBFCs, IT, and energy weighed on sentiment, triggered by weak Q1 earnings from Bajaj Finance and continued foreign investor outflows.
Bajaj Finance Crashes Nearly 5% After Q1 Disappointment
Bajaj Finance nosedived as investors reacted sharply to lower-than-expected Q1 earnings.
Following poor loan growth indicators and indications of pressure on NIMs (net interest margins), sentiment worsened. Heavy volumes and over 40% delivery signal strong selling by institutional players.
- 52-Week Range: ₹642.50 – ₹978.80
- Volume: 244.15 Lakh shares
- Market Cap: ₹5,67,271 Cr
Shriram Finance Sinks 3.6% on Sector-Wide NBFC Weakness
As selling overwhelmed the NBFC pack due to cautious guidance and valuation concerns, Shriram Finance fell. The stock remained under pressure due to its exposure to lower-tier borrowers and rising cost of funds.
Broader weakness in financials and low delivery data amplified the fall.
- 52-Week Range: ₹493.35 – ₹730.45
- Volume: 169.23 Lakh shares
- Market Cap: ₹1,14,820 Cr
IndusInd Bank Slides Over 2% Amid Banking Sector Pressure
After modest Q1 trends, private lender weakness reappeared, causing IndusInd Bank to drop. Investors are concerned about margin compression and slower credit offtake in corporate lending.
The stock faced steady profit-booking after recent outperformance.
- 52-Week Range: ₹606.00 – ₹1,498.00
- Volume: 28.05 Lakh shares
- Market Cap: ₹64,311 Cr
Bajaj Auto Drops 2.5% as Sentiment Is Affected by Export Concerns
Bajaj Auto came under pressure on concerns around weak export numbers and slowing two-wheeler sales. Despite a strong domestic portfolio, analysts flagged risks from Latin American and African markets.
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Notwithstanding respectable Q1 delivery figures, volume-driven pressure pulled the stock down.
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- 52-Week Range: ₹7,089.35 – ₹12,774.00
- Volume: 5.54 Lakh shares
- Market Cap: ₹2,25,486 Cr
Tech Mahindra Down 2.5% Due to Continued Weakness in the IT Sector
Tech Mahindra lost ground as IT stocks remained weak following tepid commentary from global peers.
The stock is underperforming due to ongoing margin worries and sluggish demand in Europe.
Investors are now eyeing Q1 margins and deal pipeline updates due next week.
- 52-Week Range: ₹1,209.40 – ₹1,807.70
- Volume: 11.80 Lakh shares
- Market Cap: ₹1,43,038 Cr
Power Grid Declines 2.5% on Profit Booking in Defensive Plays
After a protracted surge, Power Grid fell as traders booked profits in defensives. The fall also comes amid subdued power demand outlook and muted F&O positioning.
While long-term prospects remain intact, near-term momentum appears capped.
- 52-Week Range: ₹247.30 – ₹366.25
- Volume: 82.03 Lakh shares
- Market Cap: ₹2,71,438 Cr
With key supports breached and FIIs staying net sellers, sentiment remains fragile.
All eyes are now on upcoming earnings from banking and IT heavyweights for further direction. Investors are advised to remain cautious ahead of heavy-weight Q1 earnings and updates from global central banks.
Volatility is expected to stay elevated with geopolitical and trade risks still lingering.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
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