Nifty and Sensex Close Marginally Higher in Cautious Trading Session
Indian stock market closed marginally positive with Nifty 50 at 26,017.10 (+0.12%) and Sensex at 85,145.51 (+0.05%). Market breadth was negative with 2,548 declining stocks versus 1,977 advancing. Buzzing stocks included Adani Enterprises, IndiGo, Mahindra & Mahindra, Lenskart, JSW Steel, and Reliance Industries, each with significant corporate announcements.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock market concluded today's session on a slightly positive note, with both benchmark indices showing marginal gains. The Nifty 50 and BSE Sensex inched up, reflecting a cautious sentiment among investors.
Key Market Indicators
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 26,017.10 | 31.10 | 0.12% |
| BSE Sensex | 85,145.51 | 38.70 | 0.05% |
Last Updated: 04/12/2025 15:30:17
Market Breadth
The overall market breadth leaned negative, indicating a mixed sentiment among traders:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,525 |
| Positive | 1,977 |
| Negative | 2,548 |
Buzzing Stocks
Several companies made headlines today with significant corporate announcements:
Adani Enterprises: Launched a new subsidiary, AdaniConnex Hyderabad Three, expanding its corporate structure.
InterGlobe Aviation (IndiGo): Clarified that DGCA has not launched a probe but sought information regarding recent flight cancellations. The airline acknowledged operational disruptions due to technology issues, weather conditions, and crew rostering changes.
Mahindra & Mahindra: Its subsidiary, Mahindra Overseas Investment Company, sold a 3.58% stake in CIE Automotive S.A for approximately €119 million.
Lenskart Solutions: Reported strong quarterly results with revenue up 24% YoY and PAT up 50% YoY, driven by 24% volume growth in eyewear units sold.
JSW Steel: Established a 50:50 joint venture with JFE Steel for Bhushan Power And Steel operations. The company also completed the acquisition of Saffron Resources Private Limited.
Reliance Industries: Began preparing the Draft Red Herring Prospectus (DRHP) for Jio's upcoming IPO. Additionally, a unit of Reliance acquired a 49% stake in Oval Invincibles for GBP 60.27 million.
Conclusion
The market closed with slight gains, showcasing resilience amidst mixed global cues and domestic corporate developments. Investors seem to be cautiously optimistic, balancing positive earnings reports with ongoing economic uncertainties.
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