Nifty and Sensex Close in Green: Energy Sector Lags as Diamond and Gems Shine
Indian indices ended positively with Nifty 50 at 24,894.25 (+0.23%) and Sensex at 81,207.17 (+0.28%). Diamond, Gems and Jewellery sector led gains (+5.49%), while Energy sector underperformed (-11.04%). Tata Motors, P N Gadgil Jewellers, and Vedanta were among the buzzing stocks. Market breadth was positive with 2,916 advancing stocks versus 1,639 declining out of 4,555 traded.
*this image is generated using AI for illustrative purposes only.
Market Wrap: Positive Close for Indian Indices
The Indian stock markets concluded on a positive note, with both the NSE Nifty 50 and BSE Sensex recording gains. The market sentiment remained optimistic despite mixed sectoral performance.
Market Overview
The NSE Nifty 50 closed at 24,894.25, up 57.95 points or 0.23% from its previous close. Similarly, the BSE Sensex ended the day at 81,207.17, gaining 223.86 points or 0.28%. Both indices showed resilience, maintaining their upward trajectory throughout the trading session.
Sectoral Performance
Top Performing Sectors
- Diamond, Gems and Jewellery (Avg. Per Change: +5.49%)
- Trading (Avg. Per Change: +5.26%)
- Transport (Avg. Per Change: +3.57%)
- Castings, Forgings & Fasteners (Avg. Per Change: +2.87%)
Underperforming Sectors
- Energy (Avg. Per Change: -11.04%)
- Commercial Services (Avg. Per Change: -9.56%)
- Utilities (Avg. Per Change: -6.90%)
- Financial Services (Avg. Per Change: -6.22%)
- Leisure Services (Avg. Per Change: -4.97%)
Buzzing Stocks
Tata Motors
Tata Motors shares surged nearly 3% to an intraday high of ₹739.70, leading Nifty 50 gainers. The company completed its demerger, splitting commercial vehicles and passenger vehicles/EV operations. Tata Motors reported strong quarterly performance with passenger vehicle sales growing 10% year-on-year.
P N Gadgil Jewellers
P N Gadgil Jewellers achieved total sales of ₹618 crore during the Navratri and Dussehra festivals, representing a 65% year-over-year increase. Dussehra alone generated ₹190 crore in single-day sales, up 64% from the previous year.
Vedanta
Vedanta shares surged 3.25% to reach an intraday high of ₹479.90, driven by rising global copper prices. The surge follows supply disruption concerns after Freeport-McMoRan declared force majeure at its Grasberg mine in Indonesia.
HDFC Bank
HDFC Bank shares declined 1.6% to ₹949.95 following a block deal involving 26.5 lakh shares. Despite the intraday weakness, the bank has delivered positive returns over longer periods, with gains of 13.76% over one year.
Market Breadth
The overall market breadth remained positive, with 2,916 stocks advancing and 1,639 declining out of a total of 4,555 scrips traded.
| Market Breadth | Count |
|---|---|
| Total Scrips | 4,555 |
| Advancing | 2,916 |
| Declining | 1,639 |
Conclusion
The Indian stock markets ended the day on a positive note, with the Nifty 50 and Sensex both registering gains. While the Diamond, Gems and Jewellery sector led the rally, the Energy sector faced significant pressure. Notable movements were seen in stocks like Tata Motors, P N Gadgil Jewellers, and Vedanta, reflecting sector-specific developments and global market influences.
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