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The Indian stock market began on a positive note on Thursday, with the Sensex rising by 234 points to reach 78,192. The Nifty also traded above 24,400 at the opening. However, just five minutes into trading, selling pressure took over, drastically changing the market's atmosphere. Within moments, the Sensex dropped by approximately 140 points, while the Nifty fell around 30 points, settling near 24,300. This sudden decline raised concerns among investors.

During the initial trading session, around 406 stocks showed gains, while 139 stocks experienced declines. Additionally, 44 stocks remained unchanged. Amidst the market's volatility, investors appeared caught between buying and profit-taking. Experts suggest that weak global signals and investor caution contributed to the market's pressure. Furthermore, investors seemed wary ahead of upcoming quarterly results from various companies.

In the morning session, stocks like Trent, HDFC Life, Bajaj Auto, Eternal, and Max Healthcare emerged as top gainers on the Nifty. Conversely, major stocks such as Kotak Mahindra Bank, Titan, Power Grid, Hindalco, and Indigo faced selling pressure, making them the top losers.

Several prominent companies are set to announce their quarterly results today, which is likely to keep the market active. Companies such as Thermax, Vikram Solar, Lupin, Dabur India, BSE Limited, Indraprastha Gas, and Mahanagar Gas are included in this list. The performance of these companies will directly impact their stock movements.

The spotlight today is on Paytm's shares. One97 Communications, the parent company of Paytm, reported a profit of ₹183 crore for the March quarter. Notably, the company achieved a net profit of ₹552 crore for the entire fiscal year, marking its first profit after a previous year of losses. However, there was a slight decline in profits compared to the December quarter. Despite this, a positive sentiment regarding Paytm's performance was observed among investors.