NewsMarketsMarket Wrap: Nifty and Sensex Close Marginally Lower Amid Mixed Sectoral PerformanceMarket Wrap: Nifty and Sensex Close Marginally Lower Amid Mixed Sectoral Performance
By ScanX News Team
Indian stock markets ended slightly negative on Monday, with Nifty 50 down 0.14% at 24,716.60 and Sensex down 0.09% at 81,373.75. Banking sector led gains (+2.55%), while engineering services faced the steepest decline (-3.51%). AstraZeneca Pharma India surged 17.12% following strong Q4 results. Market breadth remained marginally positive with 2,270 advancing stocks versus 2,223 declining.
*this image is generated using AI for illustrative purposes only.
Introduction
The Indian stock markets concluded Monday's trading session on a slightly negative note, with both benchmark indices showing marginal declines amid mixed sectoral performance.
Market Overview
The NSE Nifty 50 closed at 24,716.60, down 34.10 points or 0.14% from the previous close of 24,750.70. Similarly, the BSE Sensex ended the day at 81,373.75, registering a decrease of 77.26 points or 0.09% from its previous close of 81,451.01.
Sectoral Performance
Top Performing Sectors
- Banks (Avg. Per Change: +2.55%)
- Energy (Avg. Per Change: +1.12%)
- Forest Materials (Avg. Per Change: +1.06%)
Top Losing Sectors
- Engineering Services (Avg. Per Change: -3.51%)
- Cables (Avg. Per Change: -2.97%)
- Utilities (Avg. Per Change: -1.19%)
- Insurance (Avg. Per Change: -1.13%)
The banking sector emerged as the top performer, while engineering services faced the steepest decline among sectors.
Buzzing Stocks
AstraZeneca Pharma India Ltd was in the spotlight today, with its stock surging 17.12% to close at ₹9,336.50. The company reported impressive Q4 results, with a 47.7% year-on-year increase in net profit to ₹58.2 crore. Revenue rose by 25.4% to ₹480.4 crore, while EBITDA jumped 75% to ₹86 crore. The EBITDA margin also saw a significant improvement of over 500 basis points to 17.96%.
Market Breadth
The overall market breadth was slightly positive, with advancing stocks outnumbering declining ones:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,493 |
| Positive | 2,270 |
| Negative | 2,223 |
Conclusion
In summary, the Indian stock markets closed marginally lower on Monday, with the Nifty 50 and Sensex both registering slight declines. While the banking sector showed strength, engineering services and cables faced significant pressure. AstraZeneca Pharma India stood out with strong gains following impressive quarterly results. The market breadth remained marginally positive, indicating a balanced sentiment among investors.
