Indian benchmark indices remained under pressure in Friday’s intraday session, with weak sentiment across IT and auto stocks weighing on the markets. At 1 PM, the BSE Sensex dropped 648 points or 0.78 per cent to 82,541, while the Nifty50 slipped 191 points or 0.75 per cent to 25,164.

The market downturn was led by TCS, which declined over 2 per cent after reporting muted Q1 FY26 results, disappointing investors on constant currency growth. Broader markets mirrored the weakness, with the Nifty MidCap index down 0.9 per cent and the Nifty SmallCap index lower by 1 per cent.

Sector-wise Performance

Nifty IT index tumbled 1.6 per cent amid post-earnings pressure on TCS and weakness in Infosys and Tech Mahindra

Nifty Auto fell 1.24 per cent

Nifty Pharma and Nifty FMCG gained 0.81 per cent each, offering some support

Top Gainers and Losers

Laggards: TCS, Infosys, Tech Mahindra, M&M, Bajaj Finserv, Trent, RIL, HDFC Bank, Bharti Airtel
Gainers: HUL, NTPC, Power Grid, Axis Bank, Adani Ports

Buzzing Stocks

1) Glenmark Pharmaceuticals soared 10 per cent, hitting a 52-week high, after striking a $1.93 billion licensing deal with AbbVie for its oncology drug ISB 2001.

2) TCS slipped post Q1 results, as revenue grew only 1.3 per cent YoY to Rs 63,437 crore, with a 3.1 per cent YoY decline in constant currency terms.

3) HUL jumped 4 per cent after naming Priya Nair as its new MD & CEO, effective August 1.

4) IREDA declined 5 per cent following a 36 per cent drop in Q1 net profit.

5) Tata Elxsi plunged 7 per cent intraday after a weak quarterly showing.

Market sentiment remains cautious ahead of more Q1 results and global cues. Stay tuned for the closing bell report.