Indian equity markets closed the steady session on a positive note. The Nifty 50 closed the session 70 points higher above 25,000, and the Sensex rose 213 points or 0.26% to end above 81,858.
However, the Nifty Bank underperformed the overall market, settling 166 points or 0.30% lower at 55,699. In line with the key indices, the midcap stocks also surged. The BSE Midcap rose 180 points, or 0.39%, higher at 46,049.66. On the other hand, the BSE Smallcap fell 159 points or 0.30% to finish at 53,180.53.
“The Indian market sustained its positive momentum, supported by strong domestic inflows and favourable macro tailwinds. However, rich valuations and external risks, particularly the US tariffs and sanctions on the purchase of Russian crude, continue to pose challenges. Hence, greater visibility on U.S. trade policy and the path of earnings recovery will be critical,” said Vinod Nair, Head of Research at Geojit Investments.
“Technically, the market successfully cleared the 25,000 resistance zone, and post-breakout, it intensified its positive momentum. Additionally, a bullish candle on the daily charts and an uptrend continuation formation on the intraday charts indicate a further uptrend from the current levels,” said Shrikant Chouhan, Head of Equity Research at Kotak Securities.
5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Wednesday’s session on a negative note. During the session, out of 3,061 trading stocks, 1,712 advanced, while 1,263 declined, and 86 remained unchanged. Today, 81 stocks hit a fresh 52-week high. Meanwhile, 26 stocks touched a new 52-week low.
Top gainers
Infosys was the top gainer in the Nifty 50 in Wednesday’s session, closing 3.8% higher. It was followed by TCS, Nestle India, Hindustan Unilever, and NTPC.
Top losers
Bharat Electronics’ share was the biggest loser in today’s trade, declining 2.2%. It was followed by Shriram Finance, Bajaj Finance, Tata Motors, IndusInd Bank, and many others.
Best and worst performing business groups
The Anil Ambani Group’s market cap increased the most in today’s session, rising 5%. It was followed by the Emami Group. Apart from that, the Muthoot Group’s market capitalisation was erased the most, falling 2.2%. In the list of Muthoot Group stocks, Muthoot Finance’s share corrected 2.2%.