Nifty and Sensex Close Higher: Cables Sector Surges, Tejas Networks Tumbles
By ScanX News Team
Indian markets closed positively with Nifty 50 at 25,217.50 and Sensex at 82,570.91, up 0.54% and 0.39% respectively. Cables sector led gains at 5%, while Printing & Stationery declined 0.62%. Waaree Renewable Technologies surged 15.57%, but Tejas Networks fell 6.37% post Q1 results. Market breadth was bullish with 2,716 advancing scrips out of 4,439 traded.
*this image is generated using AI for illustrative purposes only.
Market Wrap: Bulls Take Charge as Nifty Crosses 25,200
The Indian stock market ended on a positive note on Tuesday, with both benchmark indices, Nifty 50 and BSE Sensex, closing in the green. The market sentiment remained upbeat throughout the session, driven by strong performances in select sectors.
Market Overview
The Nifty 50 index closed at 25,217.50, up 135.20 points or 0.54% from the previous close of 25,082.30. Similarly, the BSE Sensex finished at 82,570.91, gaining 317.45 points or 0.39% from its previous close of 82,253.46.
Sectoral Performance
Top Performing Sectors
The market saw significant gains in several sectors:
| Sector | Avg. Percentage Change |
|---|---|
| Cables | 5.00% |
| Castings, Forgings & Fasteners | 3.17% |
| Engineering Services | 2.92% |
| Diamond, Gems and Jewellery | 2.06% |
Underperforming Sectors
On the flip side, a few sectors faced headwinds:
| Sector | Avg. Percentage Change |
|---|---|
| Printing & Stationery | -0.62% |
| Aviation | -0.23% |
Buzzing Stocks
Several stocks made headlines during the trading session:
Waaree Renewable Technologies: The stock surged 15.57% to close at ₹1,128. The company's board is set to meet on July 17, 2025, to approve Q1 FY2026 results. Trading volume was notably high with 25 lakh shares worth ₹270 crore changing hands.
Tejas Networks: Shares tumbled 6.37% to ₹653.95 after the company reported a net loss of ₹194 crore in Q1 FY26, compared to a profit of ₹77 crore in Q1 FY25. Revenue declined 87% YoY to ₹202 crore, with the company citing delays in purchase orders, including from BSNL, for the revenue shortfall.
Inox Wind: The stock declined 6.55% to ₹164.99. The company announced it will review a funding proposal on July 17, although no further details were provided.
Market Breadth
The overall market breadth was positive, indicating a bullish sentiment:
| Total Scrips Traded | Advancing Scrips | Declining Scrips |
|---|---|---|
| 4,439 | 2,716 | 1,723 |
Conclusion
The Indian stock market demonstrated resilience, with the Nifty 50 and BSE Sensex both closing higher. The Cables sector emerged as the top performer, while Printing & Stationery faced the most significant decline. Notable stock movements included Waaree Renewable Technologies' surge and Tejas Networks' fall following their quarterly results announcement. The positive market breadth suggests an overall optimistic sentiment among investors.
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