Market Wrap: Nifty and Sensex Close in Red as Energy Sector Drags
Indian stock markets ended negative with Nifty 50 at 25,202.35 (-0.49%) and Sensex at 82,159.97 (-0.56%). Energy sector was the biggest loser (-9.48%), while Transport Services led gains (+3.13%). Notable stocks included Adani Green Energy (+8%) and L&T (MoU signing). Market breadth was negative with 2,750 declining stocks vs 1,915 advancing out of 4,665 traded.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets concluded the trading session on a negative note, with both benchmark indices, Nifty 50 and BSE Sensex, closing in the red. The Nifty 50 ended at 25,202.35, down 124.70 points or 0.49% from its previous close. Similarly, the BSE Sensex closed at 82,159.97, shedding 466.26 points or 0.56%.
Sectoral Performance
The market witnessed a mixed bag of sectoral performances, with some sectors showing resilience while others faced significant pressure.
Top Losing Sectors
| Sector | Average % Change |
|---|---|
| Energy | -9.48 |
| Castings, Forgings & Fasteners | -1.97 |
| Power | -1.18 |
| Aviation | -1.18 |
| Diamond, Gems and Jewellery | -1.00 |
The Energy sector was the biggest laggard, witnessing a substantial average decline of 9.48%.
Top Performing Sectors
| Sector | Average % Change |
|---|---|
| Transport Services | 3.13 |
| Engineering Services | 2.72 |
| Transport | 1.11 |
Transport Services emerged as the top-performing sector, with an average gain of 3.13%.
Buzzing Stocks
Several stocks made headlines during the trading session:
Le Travenues Technology Limited (ixigo): Schroders Group entities increased their shareholding by over 2% through open market transactions.
L&T: Entered into an MoU for renewable energy and grid development at the Yanbu Green Hydrogen Hub.
Adani Green Energy: Shares rallied 8% to Rs 1,115, gaining 13% over two sessions following SEBI's clearance of Adani Group from Hindenburg Research allegations. Jefferies raised the target price to Rs 1,300.
TVS Motor Company: Unveiled new motorcycle models, TVS Apache RTR 160 2V Fi and TVS Raider iGo, in Nepal.
Market Breadth
The overall market breadth leaned towards the negative side:
| Category | Number of Scrips |
|---|---|
| Total Scrips Traded | 4,665 |
| Positive Scrips | 1,915 |
| Negative Scrips | 2,750 |
Conclusion
The Indian stock markets ended the day on a bearish note, with the Energy sector leading the decline. While some sectors like Transport Services showed strength, the overall market sentiment remained cautious. Investors will be closely watching for further developments in key stocks and sectors in the coming sessions.
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