India’s benchmarks slipped for a second straight session on Wednesday, with the Nifty 50 ending at 24,435.95 (-0.15%) and the Sensex at 77,966.35 (-0.24%), pulled down mainly by a ~5.7% slide in TCS and a ~10% crash in Godrej Consumer as traders turned cautious ahead of tonight’s US inflation print.

How India closed

• Nifty 50: 24,435.95 — down 35.75 pts (-0.15%)
• Sensex: 77,966.35 — down 187.90 pts (-0.24%)
• Bank Nifty: ~57,687 (-0.10%) — roughly flat, as HDFC Bank weakness offset PSU-bank strength
• Broader market: Nifty Midcap 100 +0.28%, Smallcap -0.18% — steadier than the headline indices

The damage was concentrated in two heavyweights. TCS fell about 5.7% after Tata Sons chairman N. Chandrasekaran said he will not seek reappointment when his term ends in February 2027, stirring leadership uncertainty across the Tata pack. Godrej Consumer tumbled roughly 10% after CEO Sudhir Sitapati’s abrupt resignation. Caution before the US CPI and crude near $90 kept buyers on the sidelines, but metals and PSU banks cushioned the fall.

Sectors & movers

Nifty IT was the worst sector, down about 1.54%, led lower by TCS. Metals, PSU banks and power outperformed on supply and valuation tailwinds, while healthcare and realty saw selling. Top Nifty gainers were Hindalco, SBI and Grasim; the biggest drags were TCS, Max Healthcare and Tata Motors (PV).

Money flows

Provisional FII/DII figures for today had not been published at the time of writing (they land after ~5:30 PM IST). For reference, in the August 10 session FIIs bought ₹1,974.8 cr in the cash market while DIIs sold ₹1,290.3 cr, per exchange provisional data.

Currency & commodities

• Rupee: around ₹95.4/$ (August 11 close; a flat dollar index near 99.8 kept it steady)
• Brent crude: ~$89.5 (+2%), WTI ~$83.8 — near $90 on the Strait of Hormuz / US-Iran deadlock
• Gold: ~$4,439/oz (+1.8%)

Global now

Europe was mixed in afternoon trade: DAX +0.26%, FTSE -0.17%, CAC -0.13%, Euro Stoxx roughly flat. Asia closed mixed — Kospi surged +3.4%, Nikkei +0.1% and CSI 300 +0.4%, while Hong Kong’s Hang Seng slid -1.05%. US futures were steady after Tuesday’s soft Wall Street close (S&P 500 -0.32%, Nasdaq -0.60%) as traders waited on inflation data.

Economic data

India: July retail inflation (CPI) is due after-hours today — consensus around 4.5% versus 4.38% in June. Tonight / tomorrow (US & global): the main event is US July CPI (~6 PM IST), with headline seen easing to ~3.4% YoY (from 3.5%) and core near 2.5%; then US PPI and weekly jobless claims, plus Fed’s Tom Barkin on the wire during the Fed’s pre-meeting blackout. Germany, Italy and Portugal CPI landed today; China’s July new loans, M2 and credit data come Thursday.

Sentiment & what to watch

The tone was cautious rather than fearful — the VIX sat at a very low 15.3, a sign of complacency even as benchmarks eased. Tonight’s swing factor is the US CPI: a cooler print could revive rate-cut hopes and lift risk assets, while a hot number would push up US yields and the dollar and pressure emerging markets, India included. Locally, watch crude near $90, the rupee around ₹95.4, and a heavy Q1 earnings slate (Tata Motors, Apollo Hospitals, HAL, IRCTC, Grasim).

As of 4:05 PM IST, August 12, 2026. Sources: Business Standard, India TV, HDFC Sky, Bloomberg, The Rio Times, Trading Economics. Automated market wrap for discussion and education only — not investment advice. Verify before acting.