Market Wrap: Nifty Edges Up, Sensex Slips Marginally in Mixed Trading Session
Indian stock markets ended Friday with mixed results. Nifty 50 gained 0.03% to 24,734.30, while Sensex dipped 0.01% to 80,718.01. Printing & Stationery and Cables sectors led gains, while Engineering Services declined. Notable stocks included Ola Electric, Reliance Industries, and Adani Power. Market breadth was positive with 2,330 advancing stocks out of 4,434 traded.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed on a mixed note on Friday, with the Nifty 50 making marginal gains while the BSE Sensex ended slightly lower. The Nifty 50 closed at 24,734.30, up 6.70 points or 0.03%, while the Sensex finished at 80,718.01, down 7.25 points or 0.01%.
Sectoral Performance
The day saw a diverse performance across sectors:
Top Performing Sectors
- Printing & Stationery (+2.47%)
- Cables (+2.09%)
- Utilities (+1.86%)
- Metals & Mining (+1.56%)
Underperforming Sectors
- Engineering Services (-1.39%)
- Aviation (-0.36%)
- Logistics & Cargo (-0.28%)
Buzzing Stocks
Several stocks made headlines during the trading session:
- Ola Electric Mobility Ltd: SoftBank Group reduced its stake by 2.15%, leading to a 7% drop in share price to Rs 64.49.
- Reliance Industries Ltd: Reliance Retail announced plans to pass on GST benefits to customers.
- Poly Medicure Ltd: Announced a final dividend of ₹3.50 per equity share and discussed the proposed acquisition of PendraCare Group.
- Adani Power Ltd: Released expansion plans to reach 41,870 MW capacity by FY32 and approved a 1:5 stock split.
- Bluestone Jewellery and Lifestyle Ltd: Reported strong Q1 results with 41.4% YoY revenue growth and improved margins.
- Shree Digvijay Cement Company Ltd: True North Fund VI LLP to sell up to 50.10% stake to India Resurgence Fund entities.
Market Breadth
The overall market breadth was positive, with more advancing stocks than decliners:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,434 |
| Positive | 2,330 |
| Negative | 2,104 |
Conclusion
The Indian stock markets ended the week with a mixed performance, as the Nifty 50 made slight gains while the Sensex saw a marginal dip. Sector-wise, Printing & Stationery and Cables led the gains, while Engineering Services faced the most significant decline. The market breadth remained positive, indicating a generally optimistic sentiment among investors.
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