Market Wrap: Nifty and Sensex Edge Higher Amid Mixed Sectoral Performance
Indian stock market ended positively with Nifty 50 up 0.21% at 25,775.85 and Sensex gaining 0.09% to 84,010.52. Engineering Services sector led gains (+15.69%), while Commercial Services declined (-13.35%). Notable stocks included Mahindra & Mahindra (+3%) and Godrej Consumer Products (+6%). Market breadth was positive with 2,427 advancing stocks out of 4,603 total.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock market concluded the trading session with a positive note, as both benchmark indices, Nifty 50 and BSE Sensex, registered modest gains.
The Nifty 50 closed at 25,775.85, up 53.75 points or 0.21% from its previous close. Similarly, the BSE Sensex ended at 84,010.52, gaining 71.81 points or 0.09%.
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 25,775.85 | +53.75 | +0.21% |
| Sensex | 84,010.52 | +71.81 | +0.09% |
Sectoral Performance
The market witnessed a mixed performance across sectors:
Top Performing Sectors
| Sector | Avg. % Change |
|---|---|
| Engineering Services | +15.69% |
| Oil & Gas | +1.99% |
Top Losing Sectors
| Sector | Avg. % Change |
|---|---|
| Commercial Services | -13.35% |
| Energy | -12.07% |
| Financial Services | -8.47% |
| Logistics & Cargo | -7.61% |
| FMCG | -7.42% |
Buzzing Stocks
Mahindra & Mahindra: Shares rose 3% to Rs 3,590 after reporting record monthly SUV and total vehicle sales for October. The company sold 120,142 vehicles, up 26% year-on-year.
Tata Motors: The company announced a name change for its commercial vehicle subsidiary from TML Commercial Vehicles Ltd. to Tata Motors Ltd.
Larsen & Toubro: L&T's heavy engineering division signed an MoU with Holtec International's Asia arm for design and build solutions for heat transfer equipment.
Tata Consumer Products: The company reported robust performance across its business segments, with the Foods business growing 19%, International business 9%, and Beverages business 12%.
Infosys: Launched Topaz Fabric, a new artificial intelligence tools stack designed to enhance business AI value.
Bharat Electronics Ltd: Shares fell 2% to Rs 416.40 despite reporting a 26% increase in net profit to Rs 1,287.77 crore.
Godrej Consumer Products: Shares jumped 6% to Rs 1,185.95 following quarterly results and Goldman Sachs raising its target price to Rs 1,425.
Bharat Petroleum Corp: Purchased 2 million barrels of Upper Zakum crude oil from Abu Dhabi for December loading, replacing Russian oil supplies.
Market Breadth
The overall market breadth was positive, with more stocks advancing than declining:
| Category | Number of Scrips |
|---|---|
| Total | 4,603 |
| Positive | 2,427 |
| Negative | 2,176 |
Conclusion
The Indian stock market closed on a positive note, with both Nifty 50 and Sensex registering gains. While Engineering Services and Oil & Gas sectors outperformed, several sectors including Commercial Services and Energy faced significant declines. The market breadth remained favorable, with advancing stocks outnumbering declining ones.
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