The Indian equity market ended the session on a positive note today, with BSE Sensex closed at 76,724.08, up by 0.29%, while the NSE Nifty 50 settled at 23,213.20, marking a gain of 0.16%. The Rupee meanwhile remained weak but off this week’s lows. It ended day at 86.37 against the US dollar.
The Nifty Bank ended today’s trading session at 48,751.70, up by 0.05%.
“Markets traded in a subdued manner and ended marginally higher, extending Tuesday’s trend. Following a flat opening, the Nifty moved within a narrow range before settling at 23,213.20. Sector-wise, a mixed performance continued, with gains in realty, IT, and energy, while pharma and auto sectors closed in the red. Broader indices also remained lackluster, posting gains of nearly 0.5% each,” said Ajit Mishra – SVP, Research, Religare Broking.
The market seems to be pausing as recovery attempts face resistance, though select heavyweight stocks are limiting the downside. Investors are now closely eyeing earnings from Reliance, Infosys, and Axis Bank for directional cues. While the broader trend remains negative, a decisive break above 23,300 could lead to a rebound toward 23,500. On the other hand, a dip below 23,100 may trigger the next leg of a decline, pushing the index toward 22,700. Traders should align their strategies with a strong focus on risk management,” added Mishra.
Here’s a look at today’s top gainers and losers in the market:
Top Gainers in Nifty 50
On the gaining side, Trent led the pack with a 3.60% rise. NTPC followed with a 3.40% increase. Power Grid climbed by 2.86%, while Kotak Mahindra Bank and Maruti Suzuki gained 2.24% and 1.79%, respectively.
Top Losers in Nifty 50
Among the top losers, Mahindra & Mahindra saw the steepest decline, falling by 3.03%. Bajaj Finserv dropped 2.46%, closely followed by Axis Bank at 2.45%. Bajaj Finance and Shriram Finance registered declines of 2.19% and 2.12%, respectively.
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Top Gainers in BSE Sensex
In the Sensex top gainers, Zomato led with a rise of 5.8%, followed by NTPC at 3.88% and Power Grid at 3.03%. Kotak Mahindra Bank and Tech Mahindra gained 2.24% and 1.62%, respectively, while Maruti Suzuki rounded off with a 1.81% increase.
Top Losers in BSE Sensex
Among the top losers, Nestlé India slipped by 0.80%, Tata Motors fell by 0.99%, and Axis Bank dropped by 2.28%. Bajaj Finance and Bajaj Finserv declined by 2.27% and 2.24%, respectively, while Mahindra & Mahindra registered a loss of 2.86%.
Performance in Nifty Midcap 50
Midcap stocks gainers list includes Vodafone Idea, L&T Finance, The Phoenix Mills, HDFC AMC, Dixon Technologies.