Domestic equity indices continued to witness weakness and were trading lower with cut of over 0.75 percent on renewed fears of artificial intelligence disruptions to various industries. Hectic selling in Tech Mahindra, HCL Technologies, Eternal, Infosys and TCS companies’ stocks dragged the markets below their crucial 82,600 (Sensex) and 25,550 (Nifty) levels. Traders were cautious as U.S. President Donald Trump said that any countries that want to play games after the court's tariff ruling would be hit with a much higher tariff.  On the BSE sectoral front, traders were seen piling up positions in Metal, Bankex, Oil & Gas, PSU and Power, while selling was witnessed in IT, TECK, Telecom, Realty and Consumer Disc. 

On the global front, Asian markets were trading mixed following weak cues from the US markets overnight. Back home, in the stock specific development, Pace Digitek surged as the company’s material subsidiary -- M/s Lineage Power has received a purchase order worth Rs 158.71 crore (Including GST) from Reliance Industries.

The BSE Sensex is currently trading at 82576.97, down by 717.69 points or 0.86% after trading in a range of 82410.99 and 83079.51. There were 10 stocks advancing against 20 stocks declining on the index.

The top gaining sectoral indices on the BSE were Metal up by 0.47%, Bankex up by 0.31%, Oil & Gas up by 0.26%, PSU up by 0.22% and Power up by 0.20%, while IT down by 3.52%, TECK down by 3.16%, Telecom down by 1.69%, Realty down by 1.13% and Consumer Disc down by 0.97% were the top losing indices on BSE.

The top gainers on the Sensex were Power Grid up by 0.66%, Axis Bank up by 0.39%, NTPC up by 0.33%, Hindustan Unilever up by 0.25% and Tata Steel up by 0.19%. On the flip side, Tech Mahindra down by 4.59%, HCL Technologies down by 4.55%, Eternal down by 4.31%, Infosys down by 3.58% and TCS down by 2.77% were the top losers. 

Meanwhile, Comptroller and Auditor General (CAG) of India K Sanjay Murthy has said that the power sector is serving as the backbone for India's economy, and a reliable power supply is vital for sustaining country's economic growth. He said that expectations from the sector have increased significantly over the years, especially in the context of achieving the goal of Viksit Bharat 2047, where energy independence being the central part of the vision. 

CAG has stated that the aim of increasing India's per capita electricity consumption from the current 1,460 kWh to 2,000 kWh by 2030 and 4,000 kWh by 2047 and providing reliable 24x7 quality power through a financially viable and environmentally sustainable power sector would require all the constituents of the sector, be it policy making, generation, transmission and distribution, to work together to achieve this Vision. 

Highlighting progress over the past decade, he said that the overall generation (Including generation from grid connected renewable sources) in the country has been increased from 1,168 billion units (BU) in 2015-16 to 1,824 BU in 2025-26. He said the sources from which this power is being generated have also undergone major change, as the shift to Green Energy has been increasingly gaining focus, which is evident from the rise in its share from 6 per cent to 24 per cent.

The CNX Nifty is currently trading at 25518.15, down by 194.85 points or 0.76% after trading in a range of 25460.70 and 25641.80. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Power Grid up by 0.56%, Hindalco up by 0.45%, JSW Steel up by 0.44%, Max Healthcare Inst up by 0.42% and Axis Bank up by 0.40%. On the flip side, HCL Technologies down by 4.50%, Tech Mahindra down by 4.46%, Eternal down by 4.29%, Infosys down by 3.52% and TCS down by 2.75% were the top losers. 

Asian markets were trading mixed; Nikkei 225 surged 547.3 points or 0.96% to 57,373.00, Taiwan Weighted added 927.56 points or 2.67% to 34,700.82, Shanghai Composite strengthened 38.14 points or 0.93% to 4,120.21, KOSPI increased 117.23 points or 2.01% to 5,963.32. However, Jakarta Composite plunged 21.41 points or 0.26% to 8,374.67, Hang Seng declined 557.91 points or 2.06% to 26,524.00 and Straits Times fell 29.06 points or 0.58% to 5,012.27.