The Indian stock market opened on a negative note today, with the Nifty 50 index falling to 23,424.90, marking a decrease of 0.92% from its opening level. The Sensex also witnessed a decline, trading at 74,529.51, down by 0.94%. The overall sentiment in the market appears bearish, with the Nifty PSU Bank index leading the losses, dropping by 1.68% to 7,892.20.
Index movements
The Nifty 50 opened at 23,482.20 and reached a high of 23,494.60, but it has since declined to 23,424.90. The index touched a low of 23,413.25 during the session. Similarly, the Sensex opened at 74,807.97, which was also its high for the day, and it has fallen to 74,529.51, with a low of 74,498.97. The Bank Nifty index opened at 53,282.15 and is currently at 53,056.65, down by 1.22% from its opening level, after hitting a high of 53,308.40 and a low of 53,034.60.
Sectoral performance
Among sectoral indices, the Nifty PSU Bank index experienced the most significant decline, falling by 1.68% to 7,892.20. The Nifty Realty and Nifty Metal indices also saw notable declines, both down by 1.57%, with the Realty index at 744.40 and the Metal index at 13,092.35. The Nifty Auto index decreased by 1.12% to 25,778.50, while the Nifty IT index showed resilience, trading slightly higher at 27,708.10, a marginal decrease of 0.03% from its opening.
Market breadth
The broader market indices also reflected the negative sentiment. The Nifty 100 index fell by 0.96% to 24,335.80, and the Nifty 500 index decreased by 0.97% to 22,312.25. The Nifty Midcap 100 and Midcap 50 indices declined by 1.02% and 1.01%, respectively, with the Midcap 100 at 59,949.05 and the Midcap 50 at 17,097.90.
| Index | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Nifty 50 | 23,482.20 | 23,494.60 | 23,413.25 | 23,424.90 | -0.92% |
| Sensex | 74,807.97 | 74,807.97 | 74,498.97 | 74,529.51 | -0.94% |
| India VIX | 18.79 | 19.42 | 17.72 | 19.30 | +2.71% |
| Nifty PSU Bank | 7,949.90 | 7,957.40 | 7,890.90 | 7,892.20 | -1.68% |
| Nifty Realty | 746.40 | 746.70 | 743.05 | 744.40 | -1.57% |
| Nifty Metal | 13,157.65 | 13,167.15 | 13,081.75 | 13,092.35 | -1.57% |
| Nifty Media | 1,421.60 | 1,424.60 | 1,417.30 | 1,417.85 | -1.27% |
| Bank Nifty | 53,282.15 | 53,308.40 | 53,034.60 | 53,056.65 | -1.22% |
| Nifty Auto | 25,909.30 | 25,921.10 | 25,768.05 | 25,778.50 | -1.12% |
| Nifty Midcap 100 | 60,183.90 | 60,198.80 | 59,942.30 | 59,949.05 | -1.02% |
| Nifty Midcap 50 | 17,163.90 | 17,169.85 | 17,095.45 | 17,097.90 | -1.01% |
| Nifty 500 | 22,382.00 | 22,385.75 | 22,310.95 | 22,312.25 | -0.97% |
| Nifty 100 | 24,406.15 | 24,413.20 | 24,330.55 | 24,335.80 | -0.96% |
| Nifty Energy | 39,607.65 | 39,607.65 | 39,434.10 | 39,441.60 | -0.94% |
| Nifty FMCG | 50,973.80 | 50,974.45 | 50,762.10 | 50,820.20 | -0.45% |
| Nifty Pharma | 24,617.00 | 24,642.20 | 24,566.15 | 24,566.55 | -0.28% |
| Nifty IT | 27,689.60 | 27,745.25 | 27,663.80 | 27,708.10 | -0.03% |
Market outlook
As the market progresses, investors will be closely monitoring any developments that could influence market sentiment. The current trend indicates a cautious approach, with sectoral indices showing varied performances. Market participants will be keenly observing global cues and domestic factors that could impact the indices in the coming sessions.
Data as on May 18, 2026, 09:30 AM IST.
Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.