The Indian equity markets kicked off the month of June on a muted note, with both benchmark indices closing in the negative territory.
At close, the Sensex settled at 81,373.75, down 0.09%, while the broader Nifty ended the day at 24,716.60, slipping 0.14%.
The Nifty Bank index ended the session on a green note, closing at 55,903.40, up 0.28%.
Let’s take a look at the key highlights of today’s trading session –
Gainers: Stocks defy the trend
Amid the overall decline, a handful of stocks from the Sensex 30 managed to buck the trend and post gains. Top performers included Adani Ports, Mahindra & Mahindra (M&M), NTPC, PowerGrid, Nestle India, and Bajaj Finserv.
Laggards: IT and Banking stocks drag
On the downside, heavyweight counters in the IT and banking sectors pulled the market lower. Stocks such as Tech Mahindra, Tata Steel, Tata Motors, Titan, HDFC Bank, Kotak Mahindra Bank, and Infosys were among the top losers in today’s trade.
Sector-wise gains
Today’s trading session saw several key sectors register gains. The Infrastructure sector led the pack with a rise of over 2%. The Construction sector also made gains, advancing by just over 1%.
The Beverages industry, both alcoholic and non-alcoholic, increased around 1.5% each, while the Hospitality sector followed suit with gains of just over 1%.
Best and worst performing business groups
In today’s market action, the Pennar Group emerged as the top performer, surging by a 10%, closely followed by ADA Enterprises which rose sharply by 7.5%. Other notable gainers included the Essar Group and Oswal Group, which climbed by 6% and nearly 6%, respectively. The Jaipuria Group also posted a solid gain, advancing by just over 4%.
On the other hand, some major groups faced headwinds, with the Sakthi (Mahalingam) Group declining the most, dropping by over 2.5%. The Manipal Group and Essel Group also recorded losses of around 2.5% and 2%, respectively. The Hero Group and BK Birla Group were among the laggards as well, slipping by around 1.6% to 1.7%.