Market Wrap: Nifty and Sensex Close in Red, Capital Markets Lead Sectoral Losses
Indian stock markets ended negative with Nifty 50 down 0.30% at 24,426.85 and Sensex down 0.34% at 79,809.65. Capital Markets, Petroleum Products, and Insurance were top losers, while Aerospace & Defense and Trading sectors outperformed. Yes Bank, IndiGo, Maruti Suzuki, Coal India, and Reliance Industries were among the buzzing stocks. Market breadth was negative with 2,373 declining stocks versus 2,051 advancing out of 4,424 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 24,426.85, down 74.05 points or 0.30% from its previous close. Similarly, the BSE Sensex closed at 79,809.65, registering a decline of 270.92 points or 0.34%.
Sectoral Performance
The day saw mixed performance across various sectors:
Top Losing Sectors:
- Capital Markets (Avg. Per Change: -1.02%)
- Petroleum Products (Avg. Per Change: -1.00%)
- Insurance (Avg. Per Change: -0.95%)
Top Performing Sectors:
- Aerospace & Defense (Avg. Per Change: 0.94%)
- Trading (Avg. Per Change: 0.80%)
- Transport Services (Avg. Per Change: 0.60%)
- FMCG (Avg. Per Change: 0.47%)
Buzzing Stocks
Several stocks made headlines during the trading session:
Yes Bank: Japanese banking giant Sumitomo Mitsui Banking Corp (SMBC) plans to invest Rs 16,000 crore in Yes Bank through a combination of equity and debt, aiming to strengthen the bank's balance sheet.
IndiGo: The airline received a six-month extension from DGCA to continue operating two Boeing 777 aircraft wet-leased from Turkish Airlines until February 28, 2026. Additionally, Rakesh Gangwal's family trust sold a 1.3% stake in IndiGo for Rs 2,933 crore.
Maruti Suzuki: The automaker witnessed a block trade on NSE involving approximately 71,579 shares at Rs 14,750 per share, totaling Rs 105.58 crores.
Coal India: The company appointed Shri S K Maimud Alli as Executive Director of Materials Management and Shri Asheesh Kumar as an Additional Director to function as Director (Business Development) on the company's Board.
Reliance Industries: The company announced plans to scale up its green hydrogen production capacity to 3 million metric tons annually by 2032 and formed a partnership with Meta to deliver AI solutions for businesses in India.
Market Breadth
The overall market breadth was negative, with more stocks declining than advancing:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,424 |
| Positive | 2,051 |
| Negative | 2,373 |
Conclusion
The Indian stock markets ended the day on a bearish note, with key indices Nifty 50 and Sensex closing lower. While Capital Markets, Petroleum Products, and Insurance sectors faced the most significant declines, Aerospace & Defense and Trading sectors showed resilience. The market breadth remained tilted towards the negative, reflecting the overall cautious sentiment among investors.
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