Nifty and Sensex Close in Green: Banks Lead, Energy Lags in Mixed Market
Indian stock market ended positively with Nifty 50 up 0.55% at 25,850.80 and Sensex gaining 0.50% to 84,369.07. Banks led gains with a 3.94% increase, while energy sector declined 12.38%. Reliance Industries, Zomato, RBL Bank, JSW Steel, and Dalmia Bharat were among the buzzing stocks. Market breadth was positive with 2,694 advancing stocks against 1,928 decliners out of 4,622 total scrips.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock market ended on a positive note, with both the Nifty 50 and BSE Sensex closing in the green. The Nifty 50 closed at 25,850.80, up 140.95 points or 0.55% from its previous close. Similarly, the BSE Sensex finished at 84,369.07, gaining 416.88 points or 0.50%.
Sectoral Performance
The market witnessed a mixed bag of sector performances:
| Top Performing Sectors | Avg. % Change |
|---|---|
| Printing & Stationery | 6.77 |
| Banks | 3.94 |
| Engineering Services | 3.59 |
| Top Losing Sectors | Avg. % Change |
|---|---|
| Commercial Services | -12.72 |
| Energy | -12.38 |
| Utilities | -9.48 |
| Financial Services | -7.11 |
| Healthcare Services | -6.82 |
Buzzing Stocks
Several stocks made headlines during the trading session:
Reliance Industries: The stock rose nearly 3% to Rs 1,460.00 in early trading following its quarterly results. A block trade of 341,839 shares at Rs 1,463.70 per share was also executed on the NSE.
Zomato: A block trade of approximately 3,270,147 shares at Rs 338.75 per share was reported on the NSE. The company, now known as Eternal Ltd., received a GST demand order of over Rs 128 crore from Uttar Pradesh tax authorities.
RBL Bank: The bank reported quarterly results with net interest income meeting expectations. Emirates NBD plans to acquire a 60% stake in RBL Bank through a preferential equity issue worth Rs 26,853 crore at Rs 280.00 per share.
JSW Steel: The company anticipates a substantial reduction of 30-35 million tons in Chinese steel output. Management confirmed its sales and production targets and expects annual capital spending of around Rs 20,000 crore.
Dalmia Bharat: The company revised its capital expenditure estimate to Rs 3,000 crore and projects capex at around Rs 4,000 crore.
Market Breadth
The overall market breadth was positive:
| Category | Number of Scrips |
|---|---|
| Total | 4,622 |
| Positive | 2,694 |
| Negative | 1,928 |
Conclusion
The Indian stock market closed on a positive note, with the banking sector leading the gains while energy and utilities faced headwinds. Investors should continue to monitor sector-specific trends and company performances as they navigate the current market landscape.
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