The Indian domestic markets closed the day on a muted note as investors remained on the sidelines ahead of key global cues. The Sensex ended the day at 85,706.67, down 0.02%, while the Nifty settled at 26,202.95, also lower by 0.05%. The Nifty Bank closed 0.03% up at 59,752.70.
“Indian equities stayed resilient, even as selective profit booking emerged in the broader market after the recent upswing. Sentiment was buoyed by progress in India–US trade discussions, while strong performance in large-cap sectors, Auto, Financials, and Pharma helped maintain positive momentum. Supportive global cues, including a continued tech-driven rally and rising expectations of a Fed rate cut, further strengthened investor confidence. With Q2 GDP and IIP data due shortly, the overall outlook remains constructive, and the prints are expected to affirm an improving macro trend,” said Vinod Nair, Head of Research, Geojit Investments.
Let’s take a look at the key highlights of today’s trading session –
Top gainers of the day
From the Sensex basket, Mahindra & Mahindra (M&M), Sun Pharma, Kotak Mahindra Bank, and Hindustan Unilever were among the stocks that managed to post gains during the day’s trade.
Key laggards dragging the indices
On the other hand, several frontline counters weighed on sentiment. Stocks such as Power Grid, Tata Steel, Bharti Airtel, Axis Bank, and Infosys were among those that slipped into the red.
Midday movers that stood out
The mid-session brought notable swings in select stocks –
Mahindra & Mahindra saw a gain of over 2% after the automaker introduced its new seven-seater electric SUV, the XEV 9S, drawing investor interest into the EV lineup.
GAIL slid more than 4% intraday after the Petroleum and Natural Gas Regulatory Board (PNGRB) approved a pipeline tariff of Rs 65.69 per MMBtu, much lower than the Rs 78 the company had sought.
Adani Enterprises rose over 3% as its subsidiary, Adani Airport Holding, assumed operational control of AGHPort Aviation Services, strengthening its airport services footprint.
Thyrocare Technologies witnessed heightened volatility as the counter turned ex-bonus following its 2:1 bonus share announcement.