Markets at Noon: Nifty Dips, Sensex Inches Up Amid Mixed Sectoral Performance
By ScanX News Team
Indian markets show mixed trends at midday with Nifty 50 down 0.04% and BSE Sensex up 0.01%. Printing & Stationery leads sectoral gains at 1.16%, while Diamond, Gems and Jewellery faces pressure, down 8.34%. Titan Company Ltd buzzes with Q1 update showing 17% growth in domestic jewellery business, but stock trades 5.28% lower despite positive analyst outlooks.
*this image is generated using AI for illustrative purposes only.
Market Overview
As the trading session reaches its midpoint, Indian markets are showing mixed signals. The Nifty 50 is trading slightly lower, while the BSE Sensex has managed to stay in the green, albeit marginally.
The Nifty 50 is currently at 25,449.95, down 11.35 points or 0.04% from its previous close. On the other hand, the BSE Sensex is trading at 83,450.29, up 7.79 points or 0.01% from its last close.
Sectoral Performance
The market is witnessing a diverse sectoral performance, with some sectors showing strength while others face pressure.
Top Performing Sectors:
| Sector | Avg. Per Change |
|---|---|
| Printing & Stationery | 1.16% |
| Castings, Forgings & Fasteners | 1.15% |
| Textiles | 0.81% |
| Packaging | 0.55% |
| FMCG | 0.33% |
Top Losing Sectors:
| Sector | Avg. Per Change |
|---|---|
| Diamond, Gems and Jewellery | -8.34% |
| Telecomm Equipment & Infra Services | -2.76% |
| Education | -2.70% |
| Capital Goods - Electrical Equipment | -1.14% |
| Aerospace & Defense | -0.86% |
Buzzing Stocks
Titan Company Ltd is in focus today following its Q1 business update. The company reported a 17% growth in its standalone domestic jewellery business. However, despite positive analyst outlooks, the stock is currently trading at ₹3,472.40, down 5.28% from its previous close.
Key highlights from Titan's Q1 FY2026 performance include:
- 49% YoY growth in international business
- 23% growth in watches segment
- 18% growth in domestic jewellery segment, despite challenges from gold price volatility
- Increase in overall store count to 3,322, with new additions in India and UAE
Analysts from Citi, CLSA, and Morgan Stanley maintain a positive outlook on Titan Company Ltd , with price targets ranging from ₹3,800 to ₹4,326. The growth has been primarily driven by an increase in ticket size, while buyer growth remained flat.
Conclusion
As we approach the second half of the trading day, the market shows a mixed picture with the Nifty slightly down and Sensex marginally up. Sectoral performance remains diverse, with Printing & Stationery leading the gainers and Diamond, Gems and Jewellery facing the most pressure. Titan Company Ltd remains a stock to watch, given its recent business update and analyst opinions.
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