NewsMarketsMarket Wrap: Nifty and Sensex Close Marginally Higher Amid Mixed Sectoral PerformanceMarket Wrap: Nifty and Sensex Close Marginally Higher Amid Mixed Sectoral Performance
By ScanX News Team
Indian markets closed marginally higher on Wednesday, with Nifty 50 up 0.06% at 25,195.80 and Sensex gaining 0.08% to 82,570.91. Cables and Engineering Services sectors outperformed, while Diamond, Gems and Jewellery sector lagged. Ashok Leyland saw a significant decline post ex-bonus, while 20 Microns and Network 18 Media surged. The market breadth was positive with 2,492 advancing stocks out of 4,430 traded.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets concluded Wednesday's trading session on a slightly positive note. The Nifty 50 index closed at 25,195.80, up by 16.25 points or 0.06%. Similarly, the BSE Sensex ended the day at 82,570.91, gaining 63.57 points or 0.08%.
Sectoral Performance
The day saw a mixed performance across various sectors:
Top Performing Sectors
- Cables (Avg. Per Change: +3.59%)
- Engineering Services (Avg. Per Change: +2.38%)
- Beverages (Avg. Per Change: +1.12%)
Top Losing Sectors
- Diamond, Gems and Jewellery (Avg. Per Change: -1.21%)
- Trading (Avg. Per Change: -0.40%)
- Aerospace & Defense (Avg. Per Change: -0.32%)
- Aviation (Avg. Per Change: -0.31%)
Buzzing Stocks
Several stocks made headlines during the trading session:
Ashok Leyland Ltd: The stock began trading ex-bonus, with a 1:1 bonus issue. However, it saw a significant decline of 50.34%, closing at ₹124.60.
Geojit Financial Services Ltd: The company reported a 37% year-on-year decline in Q1 FY2026 consolidated net profit. The stock closed at ₹76.00, down 7.64%.
20 Microns Ltd: The stock surged 15.48% to close at ₹259.75, following news of increased stake by investor Dolly Khanna.
Network 18 Media Ltd: Despite reporting a loss, the company's Q1 EBITDA showed improvement. The stock closed 13.34% higher at ₹63.14.
SMS Lifesciences Ltd: The stock jumped 13.30% to ₹1,299.80 after receiving VAI status from USFDA for its API manufacturing facility.
Market Breadth
The overall market breadth was positive:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,430 |
| Positive | 2,492 |
| Negative | 1,938 |
Conclusion
The Indian markets ended the day with marginal gains, showcasing resilience amid mixed sectoral performance. While some sectors like Cables and Engineering Services showed strength, others such as Diamond, Gems and Jewellery faced pressure. The positive market breadth indicates a generally optimistic sentiment among investors.
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