Indian Equity Markets Open with Significant Losses Amid Weak Market Breadth
Barometers opens with major losses; breadth weak
Business Standard
Image: Business Standard
On Thursday, April 29, 2026, Indian equity indices experienced sharp declines, with the S&P BSE Sensex dropping 937.57 points to 76,621.79 and the Nifty 50 falling 301.80 points to 23,875.85. The market breadth was weak, with more stocks declining than advancing, as foreign investors sold shares worth ₹2,468.42 crore.
- 01S&P BSE Sensex fell 937.57 points to 76,621.79.
- 02Nifty 50 index dropped 301.80 points to 23,875.85.
- 03Foreign portfolio investors sold shares worth ₹2,468.42 crore.
- 04Domestic institutional investors were net buyers of ₹2,262.17 crore.
- 05Brent crude oil prices rose $2.58 to $113.02 per barrel.
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Indian equity markets opened on a bearish note on Thursday, April 29, 2026, with the S&P BSE Sensex declining by 937.57 points or 1.13% to settle at 76,621.79. The Nifty 50 index also faced a downturn, dropping 301.80 points or 1.25% to 23,875.85. All sectoral indices on the National Stock Exchange (NSE) started in the red, particularly affected were auto, realty, and private banking stocks. The broader market reflected this trend, with the BSE 150 MidCap Index down 1.19% and the BSE 250 SmallCap Index falling 0.74%. The market breadth was notably weak, with 2,059 shares declining compared to 952 advancing. Foreign portfolio investors (FPIs) sold shares worth ₹2,468.42 crore, while domestic institutional investors (DIIs) were net buyers, acquiring ₹2,262.17 crore. In the commodities market, Brent crude oil surged $2.58 to $113.02 per barrel amid geopolitical tensions. The market's volatility gauge, the India VIX, increased by 5.04% to 18.32.
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The decline in equity markets could affect investor sentiment and lead to increased volatility in the coming sessions, impacting homebuyers and investors reliant on stock performance.
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