NewsMarketsMarket Wrap: Nifty and Sensex Close Marginally Higher Amid Mixed Sectoral PerformanceMarket Wrap: Nifty and Sensex Close Marginally Higher Amid Mixed Sectoral Performance
Indian stock markets closed marginally positive on Thursday, with Nifty 50 up 0.06% at 26,205.30 and Sensex gaining 0.19% to 85,609.51. Market breadth was slightly negative with 2,344 declining stocks versus 2,190 advancing. Buzzing stocks included Axis Bank, Apollo Micro Systems, Mahindra & Mahindra, TCS, and ICICI Prudential AMC, driven by various corporate developments and product launches.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets concluded Thursday's session on a mildly positive note, with both benchmark indices showing marginal gains. The Nifty 50 and BSE Sensex displayed resilience, ending the day slightly higher despite mixed sectoral performance.
Key Market Indicators
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 26,205.30 | 14.55 | 0.06% |
| BSE Sensex | 85,609.51 | 165.31 | 0.19% |
The Nifty 50 closed at 26,205.30, up by 14.55 points or 0.06%, while the BSE Sensex ended at 85,609.51, gaining 165.31 points or 0.19%.
Market Breadth
The overall market breadth was slightly negative, indicating a mixed sentiment among investors:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,534 |
| Positive | 2,190 |
| Negative | 2,344 |
Buzzing Stocks
Several stocks made headlines during the trading session:
Axis Bank: Reported strong double-digit growth in key credit card spending categories for October, indicating robust consumer activity.
Apollo Micro Systems: Settled a regulatory violation by paying compounding fees. The company also allotted 1.21 crore equity shares upon conversion of warrants, raising Rs. 103.86 crores.
Mahindra & Mahindra: Launched the XEV9S, India's first authentic electric origin 7-seater SUV, with prices ranging from Rs 19.95 lakh to Rs 29.45 lakh. The company plans to invest Rs 6,500 crore in Electric Origin SUVs.
TCS: Signed a five-year agreement with SAP to transform its IT landscape through cloud and generative AI adoption, establishing four Centers of Excellence.
ICICI Prudential Asset Management Company: Plans to launch its IPO in December, with an expected valuation between $12 billion and $12.5 billion.
Conclusion
The Indian markets closed with slight gains on Thursday, showcasing resilience amid mixed sectoral performance. While the overall market breadth leaned negative, several stocks across various sectors grabbed attention with significant corporate developments and product launches.
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