Sensex and Nifty Close Lower Despite Recovery from Intraday Lows
Sensex and Nifty Close Lower Despite Recovery from Intraday Lows
IN · Published Aug 12, 2026
The Indian stock market ended in the red on Wednesday, 12 August 2026, with the Sensex falling 188 points to close at 77,967 and the Nifty 50 declining 36 points to settle at 24,
Despite the overall decline, the market showed signs of recovery from intraday lows, supported by gains in financial stocks and public sector banks. The Nifty Bank index rose by 440 points to close at 57,886, while the Nifty Midcap index gained 180 points to end at 64,

Impact & Risks

The resignation of N Chandrasekaran has created uncertainty for Tata Group companies, leading to a decline in their stock prices. Rising oil prices and geopolitical tensions in the Middle East continue to weigh on market sentiment, posing risks to India's fiscal health and inflation outlook. While financial stocks and public sector banks provided some support, the broader market remains cautious, with mixed performance across sectors.

Related News