Benchmark indices pare sharp opening declines as buying interest emerges mid-morning
New Delhi, April 23: India’s benchmark equity indices recovered part of their early losses on Thursday, as buying interest during mid-morning trade helped stabilise the market after a weak opening.
The BSE Sensex opened lower at 77,983.66, down over 500 points, and slipped further to an intraday low of 77,693.06. However, it later pared losses to trade at 78,084.83 around 10 a.m., still down 431.66 points or 0.55%.
Similarly, the NSE Nifty declined at the opening to 24,202.35 and touched a low of 24,134.80 before recovering to 24,287.45, narrowing losses to 90.65 points or 0.37%.
Mixed Market Breadth
Market breadth reflected a balanced trend amid volatility. Of the 2,704 stocks actively traded, 1,349 advanced while 1,355 declined, indicating a near-even split between gainers and losers.
Among the 30 Sensex stocks, only eight were trading in positive territory, while the majority remained under pressure, suggesting cautious sentiment among investors.
Sectoral Trends
The market showed a mixed sectoral performance. Gains were seen in select pharma and FMCG stocks, with Dr. Reddy’s Laboratories, Cipla, Sun Pharmaceutical, ONGC, and Nestlé trading higher.
On the other hand, losses in IT, auto, and financial stocks weighed on the indices. Tech Mahindra, Mahindra & Mahindra, Shriram Finance, Trent, and Eternus were among the laggards during the session.
Market Context
The partial recovery follows a weak close in the previous session, when both Sensex and Nifty ended lower amid broader selling pressure.
Analysts indicate that the day’s trend will depend on whether the mid-session buying sustains or if global cues and profit-booking lead to renewed weakness in the latter half of trading.
(With inputs from H.S.)
Inputs & Images courtesy: Hindusthan Samachar (H.S.)
Edited by: Dikshita Bollu
Last Updated on: Thursday, April 23, 2026 1:31 pm by Bollu Dikshitha | Published by: Bollu Dikshitha on Thursday, April 23, 2026 1:31 pm | News Categories: India
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