The markets closed Wednesday’s session on a positive note after trading in a volatile manner, extending gains for the sixth consecutive session.. The markets started the session on a higher note and later erased most of the gains. The Nifty 50 closed the session 37 points or 0.15% higher at 25,141.40, the Sensex fell 123 points or 0.15% to end at 82,515.
The banking stocks were among the biggest drag, the Nifty Bank lost 169 points or 0.30% to end at 56,460.
The BSE Midcap inched down 57 points or 0.12% to 46,532.22. On the other hand, the BSE Smallcap remained steady, surging 30 points or 0.05% to 54,281.27.
“Profit booking continues in the broader markets, driven by elevated domestic valuations. However, large-cap resilience is supporting the indices, with institutional investors favouring companies with stable earnings outlooks. The Auto and IT sectors remain in focus—Auto stocks are gaining on improved monthly sales, while IT are benefiting from optimism around a potential US-China trade resolution,” said Vinod Nair, Head of Research at Geojit Investments.
5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Wednesday’s session on a positive note. During the session, the Nifty 50 fell as much as 0.46%, while the 30-stock index, Sensex, fell just 0.46%.
Top gainers
HCL Technologies was the top gainer in the Nifty 50 in Wednesday’s session, closing 3.19% higher. It was followed by Infosys, Tech Mahindra, Wipro, and Bajaj Auto.
Top losers
Meanwhile, the shares of Shriram Finance were the biggest losers in today’s trade. It was followed by Power Grid Corp, Bharat Electronics, Adani Enterprises, IndusInd Bank, and many others.
Best and worst performing business groups
The Jaipuria Group’s market capitalisation has risen the most in Wednesday’s trade, gaining 4.5%. In the list of Jaipurai Group stocks, Cosmo First surged the most, gaining 5%. Jaipuria Group was followed by Indiabulls Group, whose market cap increased by almost 3.88%, HCL Group’s market cap increased by 3.2%, and others. However, the Pennar Group’s market cap declined the most, falling 2%.
Sectors that surged most in Wednesday’s trade
The packaging sector’s stocks dominated today’s strong market. Majority of the stocks in the list of packaging stocks closed the session in the green. The list of glass sector stocks followed suit, raising the market cap by 1.38%. Further, the fertilisers sector followed the list, surging 1.3% in market cap.