IT shares tumbled after advancing in the past trading session.

At 10:25 IST, the barometer index, the S&P BSE Sensex declined 791.18 points or 0.99% to 78,492.51. The Nifty 50 index slumped 201.20 points or 0.82% to 24,369.70

In the broader market, the BSE 150 MidCap Index shed 0.01% and the BSE 250 SmallCap Index rose 0.28%.

The market breadth was positive. On the BSE, 2006 shares rose and 1,705 shares fell. A total of 218 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 6.41% to 18.66.

Earnings Today:

SBI Life Insurance Company (down 0.91%), Tech Mahindra(down 3.82%), Trent(down 0.91%), Bharat Coking Coal(down 0.25%), Delta Corp(up 3.63%), Havells India(up 0.02%), L&T Technology Services(down 1.77%), Oracle Financial Services Software(up 1.50%), Sangam India(up 8.51%), and Tata Communications (down 0.03%) will announce their quarterly earnings today.

Buzzing Index:

The Nifty IT index declined 3.30% to 30,681.75. The index jumped 0.45% in the past trading session.

HCL Technologies (down 8.99%), Persistent Systems (down 3.51%), Coforge (down 3.2%), Infosys (down 2.7%), Tech Mahindra (down 2.59%), LTM (down 1.95%), Tata Consultancy Services (down 1.55%), Mphasis (down 1.25%) and Wipro (down 0.32%) declined.

Stocks in Spotlight:

Ajanta Pharma fell 1.31% after the company said the United States Food and Drug Administration (USFDA) has completed an inspection at its Paithan manufacturing facility in Maharashtra, conducted between 13 April and 21 April 2026.

Advait Energy Transitions jumped 4.57% after the company received an order worth Rs 27.74 crore from Power Transmission Corporation of Uttarakhand (PTCUL).