Market Wrap: Nifty and Sensex Close in Red Amid Mixed Sectoral Performance
By ScanX News Team
Indian stock markets ended negative with Nifty 50 at 25,087.15 (-0.25%) and Sensex at 82,253.46 (-0.30%). Trading and Beverages sectors outperformed, while Diamond, Gems and Jewellery sector lagged. Neuland Laboratories surged 20% on dividend announcement. Market breadth was slightly negative with 2,307 declining stocks versus 2,218 advancing.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed on a negative note on Monday, with both benchmark indices, Nifty 50 and BSE Sensex, ending in the red. The Nifty 50 closed at 25,087.15, down 62.70 points or 0.25% from its previous close. Similarly, the BSE Sensex ended the day at 82,253.46, shedding 247.01 points or 0.30%.
Sectoral Performance
The day saw a mixed performance across various sectors:
Top Performing Sectors
| Sector | Average % Change |
|---|---|
| Trading | 1.89 |
| Beverages | 1.20 |
| Engineering Services | 0.94 |
| Healthcare | 0.91 |
| Insurance | 0.78 |
Top Losing Sectors
| Sector | Average % Change |
|---|---|
| Diamond, Gems and Jewellery | -1.44 |
| Castings, Forgings & Fasteners | -1.16 |
| Aerospace & Defense | -0.98 |
Buzzing Stocks
Several stocks made headlines during the trading session:
Neuland Laboratories: The stock surged 20.00% to close at ₹14,761. The company announced a final dividend of ₹12 per share.
Ola Electric Mobility: Shares rose 19.75% to ₹47.66, despite reporting a Q1 loss. Improved gross margins and positive EBITDA in the auto segment boosted investor confidence.
Jaiprakash Power Ventures: The stock climbed 14.69% to ₹27.10, continuing its upward trend amid reports of potential bidders for Jaiprakash Associates.
Anand Rathi Wealth: Shares jumped 13.52% to ₹2,510.80 after the company announced ambitious AUM targets and strong Q1 performance.
Market Breadth
The overall market breadth was slightly negative:
| Category | Number of Scrips |
|---|---|
| Total | 4,525 |
| Positive | 2,218 |
| Negative | 2,307 |
Conclusion
In summary, the Indian stock market ended the day on a subdued note, with key indices closing marginally lower. While sectors like Trading and Beverages showed strength, others such as Diamond, Gems and Jewellery faced selling pressure. Despite the overall negative trend, several individual stocks witnessed significant gains on the back of company-specific news and developments.
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