The Indian stock market closed in the red on Monday. The Sensex ended the day at 83,610.21, down by 448.69 points or 0.53%, while the Nifty settled at 25,517.05, falling 120.75 points or 0.47%. Meanwhile, the Nifty Bank also slipped, closing at 57,312.75, down 0.23% for the day.
“The global market sentiment is moving in favour of equities on account of easing risk in the Middle East and the US trade deal hopes. However, the main domestic indices witnessed profit booking after the recent rally. Investors are now turning their attention to quarterly earnings and will refocus the markets on fundamentals for valuation support. mid & small caps outperformed in expectation of better earnings driven by consumption and margin expansion,” said Vinod Nair, Head of Research, Geojit Investments.
Let’s take a look at the key highlights of today’s trading session-
Top performers of the day
Despite the overall weak sentiment, a few stocks managed to buck the trend. Among the Sensex 30, Trent led the gains, rising nearly 3%. SBI followed with a gain of around 2%, while BEL, Eicher Motors, and Tech Mahindra also posted modest gains of close to 1%.
Major drags on the index
On the losing side, several heavyweight stocks weighed on the indices. Axis Bank, Kotak Bank, Maruti Suzuki, UltraTech Cement, and ICICI Bank were among the top laggards in Monday’s trade.
Market statistics
On Monday 3,052 stocks being traded across exchanges. Out of these, 1,756 stocks ended with gains, while 1,188 declined and 108 remained unchanged.
In terms of market momentum, 93 stocks touched their 52-week highs. Meanwhile, 26 stocks slipped to their 52-week lows. On the circuit front, 144 stocks hit the upper circuit, while 67 stocks were locked in the lower circuit.
Top sectors in Monday’s trade
Sectors like electronics and transport saw the highest gains in Monday’s trade, each recording a 2.6% rise in market capitalisation. The fertilisers sector followed with a 2% jump, while glass and retail posted gains of 1.7% and 1.6%, respectively.
Best and worst performing business groups
Several business groups saw notable gains in Monday’s session. Essar Group led the pack with a nearly 5% rise in market cap, followed by Nagarjuna Group at 4%, Pennar Group at 4%, Manipal Group at 3%, and Dhanuka Group with a 3% uptick.
On the flip side, some prominent groups saw declines. Jindal BC Group registered the sharpest fall at 2%, followed by Hero Group with a 1% dip. Yash Birla Group fell 1%, BK Birla Group declined 1%, and Ambani Group was down 1%.