The markets ended in the green clocking steady gains after a quiet start. The Nifty closed 0.47% higher at 23,437, while the Sensex closed uo 0.4%. The Nifty’s closee above 23,400 is striking as the Index closed above this key level for the first time in April. The broader markets outperformed the benchmark with the BSE Smallcap ending nearly 1% up and the BSE Midcap Index closing the day up 0.63%.
The big Index movers today
The key gainers in trade include IndusInd Bank, up nearly 7% after the External audit indicated a 2.24% hit on net worth as against 2.35% hit expected earlier.
That apart Axis Bank, ONGC, Trent, Adani Ports and Asian Paints are among the top index movers today.
The key Index losers in trade
On the other side of the spectrum, the ley losers included the auto pack that comprised Maruti, Hindalco, Tata Motors, Bajaj Auto, Apart from that the other Bajaj Group stocks like Bajaj Finance and L&T, Infosys saw sharp cuts in intra-day trade.
52-week High: 54 stocks hit new milestone
Despite being a quiet session, 54 stocks hit new 52-week highs. Some of the key stocks that achieved this milestone include HDFC Bank, Eicher Motors, SBI Cards, Chambal Fertiliser, Astrazeneca. Overall the market breadth was in favour of advancing stocks.
52-week low: 11 stocks at a new 1-year low
However, that did not stop several stocks from clocking significant losses. As many as 11 stocks hit 52-week lows. These includes Gensol. The stock crashed in opening hours, hit lower circuit and continued the downward trend. This is after SEBI put a hold on the stock split by the company.
Record stocks hit Upper circuit
Nearly 126 stocks hit upper circuit in trade today and includes the likes of Websol, Walchandnagar Industries, Juniper Hotels, ITI and Orient Tech.
Lower Circuit: 30 stocks crash
The list for the lower circuit was fairly limited and includes Gensol as we mentioned earlier. That apart even JTL Industries and few other small caps also hit lower circuit.
The big global worry
Globally however, the sentiment is muted as US-China continues to spar on tariff worries. The Nasdaq and S&P Futures have nosedived over 1% on worries about Nvidia levying charges on exports to China. There are expectations that China’s central bank may frontload its monetary policy easing to stabilize markets, with a near-term prospect of a 100 basis points (bps) cut in banks’ reserve requirement ratio.
Dollar Index Slides 8% in 2025
The Dollar weakness continues and the Dollar Index is now trading below the 100 mark It is hovering around the lowest levels seen in 2025 so far. The Dollar Index hit a high of 110 in January 2025 and has been trending lower since then.
Why is the volatility Index down
The Volatility Index ended lower by 1%. Overall, this is a gauge of fear in the market and indicates how apprehensive investors are. Just to put in context, the VIX shot up to 60% levels on the back of global rout seen earlier last week.