The Indian domestic indices wrapped up today’s trading session on a positive note. The Sensex ended the day at 84,818.13, up 0.51%, while the Nifty closed at 25,898.55, gaining 0.55%. The Nifty Bank index settled at 59,209.85, rising 0.42% gain.
“Domestic markets rebounded broadly following the Fed’s expected 25-bps rate cut amid high U.S. inflation. The decline in U.S. 10-year yields indicates a moderation in future FII outflows, which bolstered sentiment. The auto sector excelled due to anticipated stronger demand, while IT gained traction on the prospect of increased spending. Conversely, other Asian markets experienced selling pressure over concerns about AI-driven valuations and rising Japanese yields, which negatively impacted overall domestic sentiment,” said Vinod Nair, Head of Research, Geojit Investments.
Let’s take a look at the key highlights from today’s trade-
Top gainers in the Nifty 50 pack
Several large-cap stocks led the rally, with Adani Enterprises, Eicher Motors, Tata Steel, Jio Financial Services, and Kotak Mahindra Bank climbing between 2%-3%.
Key laggards of the day
Asian Paints, Bharti Airtel, SBI Life, Axis Bank, and Bajaj Finance were among the top laggards.
Midday movers
Some stocks stole the spotlight during the day’s trading. Kotak Mahindra Bank rebounded nearly 4%, snapping a three-day losing streak, while Hindustan Zinc jumped 4% following a record rise in global silver prices, driven by tight inventories and strong industrial demand.
Dixon Technologies continued its downtrend, losing nearly 15% this month as small and midcap segments face broader selling pressure. Meanwhile, Samvardhana Motherson International touched a fresh 52-week high of Rs 120.10, rising 3% amid positive investor interest.