Stock Market Updates: Sensex At Day's Low, Drops 600 Points; Nifty Near 25,500; ICICI Bank Down 3%

Sensex Today: Indian stock markets opened sharply lower on Monday, weighed down by selling pressure in Reliance Industries, ICICI Bank, Wipro, Tata Motors Passenger Vehicles and Cipla.

The BSE Sensex was trading near the 82,950 mark, down 620 points or 0.74 per cent, while the Nifty50 slipped 187 points, or 0.73 per cent, to 25,507.

Individually, Wipro shares tanked over 9 per cent after the IT major reported a 7 per cent year-on-year fall in Q3 consolidated profit to Rs 3,119 crore. The stock was further weighed down by the company’s Q4 guidance of 0–2 per cent quarter-on-quarter constant currency growth, which missed expectations amid continued demand softness, fewer working days and delays in deal ramp-ups.

Reliance Industries (RIL) declined

2.2 per cent despite reporting a 1.6 per cent year-on-year rise in consolidated net profit to Rs 22,290 crore for Q3FY26. The company’s revenue rose 10 per cent to Rs 2.93 trillion, Ebitda increased 6.1 per cent to Rs 50,932 crore, while margins narrowed to 17.3 per cent from 18 per cent a year ago.

ICICI Bank shares also fell 3 per cent after in-line Q3FY26 results. The lender’s profit dropped 4 per cent year-on-year to Rs 11,317.9 crore as provisions more than doubled to Rs 2,555.6 crore.

HDFC Bank, meanwhile, slipped just 0.3 per cent even as its Q3 standalone profit climbed 11.5 per cent year-on-year to Rs 18,653.8 crore, with net interest income rising 6.4 per cent to Rs 32,615 crore.

M&M, Bharti Airtel, Cipla, Sun Pharma, L&T, Tata Motors PV, Dr Reddy’s Labs, Infosys, Eicher Motors and Max Healthcare were among the other major losers on the Nifty.

On the other hand, IndiGo, Tech Mahindra, Axis Bank, HUL, Kotak Mahindra Bank, BEL, Trent, Jio Financial Services and HDFC Life were the top gainers.

In the broader market, the Nifty Midcap index declined 0.53 per cent, while the Nifty Smallcap index slipped 0.64 per cent.

Sectorally, the Nifty Pharma index fell 0.6 per cent, Nifty IT lost 0.5 per cent and Nifty Auto eased 0.4 per cent. In contrast, the Nifty Metal index advanced 0.24 per cent.

Global cues

Trump has imposed a 10 per cent tariff on eight European countries, effective February 1, which will be raised to 25 per cent in June, after they opposed his plans to acquire Greenland.

Asian stock markets slipped for the first time in six sessions, led by losses in Japan’s Nikkei 225 and Hong Kong’s Hang Seng. At the same time, safe-haven assets such as gold and silver climbed to fresh record highs as tariff-related tensions intensified.

In the US, equities ended lower last week, and futures were also under pressure on Monday, with Nasdaq 100 futures down as much as 1 per cent, according to Bloomberg.