Market wrap: Infosys, HDFC Bank, Bajaj Auto, Maruti Suzuki among top gainers and losers on Nifty and Sensex on Thursday
BSE moved higher.
· Economic Times Markets, ET Stocks
Indian equities extended their decline as elevated crude oil prices and multi-year high bond yields intensified concerns over the 2026–27 economic outlook. Nifty fell 0.88% and Sensex 0.79%, while broader markets weakened and India VIX climbed sharply.
The analysis
BSE reported movement of 0.88% and 0.79%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.4% on the day at ₹996.20, and has returned -6.7% over three months. It sits 41% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.1% over the same period, so Infosys is running 7.8 points behind its peers.
This is an Input cost / crude event. India imports most of its crude, so input costs pass through to margins downstream and to the rupee. Producers and consumers of the same input move in opposite directions. On the day the stock is +0.4%, so the price barely moved, which suggests this was expected or is seen as immaterial.
Why it matters
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- It touches several names at once (INFY, HDFCBANK, BAJAJ-AUTO, MARUTI), which points to a sector-level rather than company-specific driver.
- Sector exposure: IT, Banks, Auto.
- The immediate tone of coverage reads negative.
In this story
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