On Nifty, a few major stocks are defying the trend and recording gains despite the challenging market environment. Top gainers include Wipro, Tech Mahindra, Infosys, Hindalco, and M&M. These companies have shown resilience and are pushing against the broader market trend, with a particular spotlight on the IT sector, which is notably the only sector trading in the green today.

Conversely, major losers on the Nifty include Trent, BPCL, Coal India, Reliance Industries, and ICICI Bank. The sell-off across these stocks, particularly in energy and financials, is contributing to the overall decline in market sentiment. Reliance and BPCL, which are sensitive to fluctuations in the oil & gas sector, have seen a notable decrease in their stock prices due to continued pressures on global oil prices and demand dynamics.

Sectoral Indices Performance

While IT stocks provide some relief, all other sectoral indices are currently trading in the red. The broader BSE midcap and smallcap indices are each down by 0.5%, adding to the market's overall bearish tone. This indicates a prevailing cautious sentiment among investors, who are pulling back from high-risk stocks in anticipation of further volatility.

The real estate sector has also faced challenges today. Due to high interest rates and macroeconomic uncertainties, realty stocks are witnessing pressure. Similarly, the power sector—often tied to broader economic activity—has shown declines, adding to the overall drag on the indices.

Investor Sentiment and Outlook

The ongoing bearish trend in oil, gas, and power sectors raises questions about market stability. High global oil prices, regulatory uncertainties, and economic headwinds have all impacted investor sentiment. Experts suggest that the market may remain volatile as global cues and sectoral weaknesses weigh on indices. The resilience of IT stocks as top performers shows the industry's relative strength and potential for steady returns, even during market downturns.

The Upcoming IPOs in this week and coming weeks are Mangal Compusolution, Onyx Biotec, Rosmerta Digital, NTPC Green, Avanse Financial and Black Buck.

The Current active IPO are  Swiggy, ACME Solar Holdings, Niva Bupa Health and Neelam Lines and Garments.

For more insights into financial trends , visit our Top News Headlines. You can also explore investment opportunities in the market and apply for upcoming IPOs through our Best IPO to Apply Now section.