At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 471.31 points or 0.60% to 79,669.56. The Nifty 50 index declined 135.15 points or 0.55% to 24,278.35.

In the broader market, the S&P BSE Mid-Cap index fell 0.87% and the S&P BSE Small-Cap index shed 0.30%.

The market breadth was negative. On the BSE, 1,704 shares rose and 1,853 shares fell. A total of 155 shares were unchanged.

Result today:

Tech Mahindra (down 1.33%), Nestle India (up 0.03%), Motilal Oswal Financial Services (up 1.16%), Aavas Financiers (down 1.25%), Adani Green Energy (up 1.23%), Ashok Leyland (down 0.45%), AU Small Finance Bank (down 1.66%), Canara Bank (down 1.64%), Chalet Hotels (down 3.55%), Chennai Petrochem Corp (down 1.42%), Cyient (up 0.48%), DLF (down 0.32%), Glenmark Life Sciences (down 0.35%), Go Digital General Insurance (down 0.1.98%), Home First Finance Company India (down 1.01%), Jupiter Wagons (down 1.18%), Jyothy Labs (up 0.23%), Laurus Labs (down 1.15%), MGL (down 0.74%), Mphasis (down 2.12%), PNB Housing Finance (down 1.13%), Praj Industries (down 0.92%), The Ramco Cements (down 1.05%) will announced their quarterly earnings later today.

Buzzing Index:

The Nifty Private Bank index declined 1.58% to 25,199.45. The index dropped 3.13% in the three trading sessions.

Axis Bank (down 6.16%), RBL Bank (down 3.99%), ICICI Bank (down 2.03%), City Union Bank (down 1.56%) and IndusInd Bank (down 1.36%) were the top losers. Among the other losers were Federal Bank (down 1.3%), IDFC First Bank (down 1.28%), Bandhan Bank (down 0.51%).

On the other hand, HDFC Bank (up 0.43%) ,Kotak Mahindra Bank (up 0.23%) turned up.

Stocks in Spotlight:

Hitachi Energy rose 0.19%. The company’s consolidated net profit surged to Rs 10.4 crore in Q1 FY25 as compared with Rs 2.4 crore in Q1 FY24. Revenue increased 28% YoY to Rs 1,327 crore in Q1 FY25.

Bikaji Foods fell 1.73%. The company’s consolidated revenue increased 18.7% YoY to Rs 572 crore in Q1 FY25. Net profit rose 40.3% to Rs 58 crore in Q1 FY25 from 41 crore in Q1 FY24.