Stock Market Today: Nifty, Sensex Extend Declines For Second Day As Tariff Uncertainty Looms

• Benchmarks close lower for second day in a row

• Nifty falls second day in a row; Wipro, Sun Pharma top laggards

• Benchmarks end near day's low, fall second day in a row

• Broader market indices underperform benchmarks

• Most sectoral indices close in red

• Nifty Bank, Nifty PSU Bank only sectoral gainers

• Nifty Pharma worst performing sector as Trump tariff threat looms

• Nifty Pharma falls second day in a row dragged by Divi's Lab, Ajanta Pharma

• Nifty IT, Pharma, Realty fall second day in a row

• Nifty FMCG falls third day in a row dragged by Britannia, Balrampur Chini

• Rupee close 7 paise stronger at 87.73 against US Dollar

• It closed at 87.80 a dollar on Tuesday

Source: Cogencis

Securities and Exchange Board of India Chairman Tuhin Kanta Pandey today clarified that no formal communication has taken place with the Finance Ministry regarding a proposal to reduce Securities Transaction Tax on cash market transactions—a move that could encourage greater investor participation and ease the surge in options trading volumes.

Infosys Ltd. has inaugurated a center for advanced for artificial intelligence, cybersecurity, and space technology at Hubballi Development Centre.

DLF Ltd., Prestige Estates Projects Ltd., and Godrej Properties Ltd shares weighed on the NSE Nifty Realty index. The index extended losses and became the worst performer after the Reserve Bank of India kept the benchmark repo rate unchanged at 5.5%, in line with expectations.