Indian equity benchmarks traded flat with a negative bias in Wednesday’s afternoon session, pressured by renewed selling in information technology stocks.
The S&P BSE SENSEX slipped 11.94 points, or 0.01%, to 83,439.02 at 12:24 PM, after touching an intraday low of 83,163.62, down 287.34 points. The NIFTY50 fell 4.75 points, or 0.02%, to 25,720.65, having earlier dropped to a session low of 25,645.15.
Market sentiment remained cautious despite continued institutional inflows. Exchange data showed foreign institutional investors (FIIs) purchased shares worth ₹995.21 crore on Tuesday, while domestic institutional investors (DIIs) bought equities worth ₹187.04 crore on a net basis.
IT Stocks Drag
Losses in technology counters weighed on the benchmarks. Shares of Eternal, the parent of Zomato, declined up to 2.66% to ₹274 apiece, making it one of the top drags on the NIFTY50. Other major laggards included Mahindra & Mahindra (-2.21%), Wipro (-2.15%), Infosys (-1.52%) and Adani Enterprises (-1.44%).
Eternal’s decline comes after the company expanded its strategic collaboration with OpenAI to strengthen artificial intelligence capabilities across its platforms, including Zomato, Blinkit, District, Hyperpure, Feeding India, and AI venture Nugget.
Stocks in Focus
Adani Ports and Special Economic Zone traded in the red despite announcing a memorandum of understanding (MoU) with France’s Port Marseille Fos during French President Emmanuel Macron’s visit. The partnership aims to promote the India–Middle East–Europe Economic Corridor (IMEC) route and collaborate on port digitalisation, green maritime corridors, and low-carbon initiatives, including the Mundra–Marseille Fos Green Maritime corridor.
Shares of Ola Electric Mobility surged up to 4.9% to ₹29.35 on the NSE after the Bombay High Court at Goa stayed a warrant issued by the District Consumer Commission, South Goa, against CEO Bhavish Aggarwal. The court observed that the commission exceeded its jurisdiction under the Consumer Protection Act.
Dabur India fell as much as 2.18% to ₹505.55 after announcing the appointment of former Hershey executive Herjit S. Bhalla as CEO of its India business, effective April 15, 2026. Incumbent CEO Mohit Malhotra has been elevated as Global CEO with immediate effect.
In the broader market, NDL Ventures rallied 19.99% to a 52-week high of ₹116.98 after the Competition Commission of India approved the proposed merger of Hinduja Leyland Finance with the company.
Infrastructure player Dilip Buildcon gained up to 6.14% after emerging as the lowest bidder for a ₹702 crore EPC contract from the Narmada Water Resources Department, Government of Gujarat.
Meanwhile, Netweb Technologies jumped 14.08% to ₹3,535 after launching ‘Make in India’ AI supercomputing systems powered by NVIDIA Sovereign AI Development, including the Tyrone Camarero GB200 system.
Overall, markets remained range-bound in noon trade, with stock-specific action dominating amid persistent weakness in IT counters.
