Indian equity benchmarks closed Wednesday’s trade on a lower note after a volatile trade. The index lost its five-day winning streak. The Nifty 50 closed the day 31 points or 0.12% higher at 25,108, and the Sensex jumped 137 points or 0.17% to end at 81,927.
In line with the benchmarks, the Nifty Bank settled 221 points or 0.39% lower at 56,018. The midcap stocks also surged in today’s trade. The BSE Midcap declined 344 points, or 0.74%, at 45,852.16. However, the BSE Smallcap finished 224 points or 0.42% lower at 52,966.61.
“National indices witnessed a volatile session, tempered by profit booking after a sharp rally. Investor caution dominated ahead of the Q2 earnings season, as market participants reassessed valuations and growth prospects. Sectoral trends were mixed — IT stocks outperformed on resilient demand and attractive valuations, while Auto, Banking, and FMCG faced profit-taking pressure. Heightened global uncertainties and the ongoing US government shutdown drove gold to a historical high, reflecting elevated risk aversion,” 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 negative note. During the session, out of 3,207 trading stocks, 1,250 advanced, while 1,864 declined, and 93 remained unchanged. Today, 98 stocks hit a fresh 52-week high. Meanwhile, 94 stocks touched a new 52-week low.
Top gainers
Titan was the top gainer in the Nifty 50 in Wednesday’s session, closing 4.29% higher. It was followed by Infosys, TCS, HCL Technologies, and Tech Mahindra.
Top losers
Tata Motors’ shares were the biggest losers in today’s trade, declining 2.5%. It was followed by Mahindra & Mahindra, Jio Financial Services, UltraTech Cement, Bharat Electronics, and many others.