Nifty and Sensex Slip as Markets Close in Red; Zee Entertainment Surges
By ScanX News Team
Indian stock markets ended negative on Monday, with Nifty 50 down 0.61% at 24,959.40 and Sensex falling 0.66% to 81,864.70. Aerospace & Defense and Cables sectors outperformed, while Telecom Equipment and Engineering Services declined. Zee Entertainment surged 11.44% on positive business outlook. Market breadth was negative with 2,420 stocks declining versus 1,990 advancing out of 4,410 traded.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed in negative territory on Monday, with both the NSE Nifty 50 and BSE Sensex recording losses. The Nifty 50 ended the day at 24,959.40, down 153.00 points or 0.61% from its previous close. Similarly, the BSE Sensex closed at 81,864.70, shedding 543.47 points or 0.66%.
Sectoral Performance
Top Performing Sectors
- Aerospace & Defense (+3.40%)
- Cables (+2.53%)
- Castings, Forgings & Fasteners (+1.64%)
- Packaging (+1.64%)
- Petroleum Products (+1.15%)
Top Losing Sectors
- Telecom Equipment & Infra Services (-2.65%)
- Engineering Services (-2.05%)
- Retail (-1.56%)
- Education (-1.06%)
- Diversified (-0.64%)
Buzzing Stocks
Zee Entertainment
Zee Entertainment 's stock surged 11.44% to close at ₹148.31, reaching a 10-month high. The company announced plans to achieve breakeven in its digital business Z5 by FY25 and set ambitious targets for FY26, including a 17.5% TV viewership share and 8-10% ad revenue growth. The board also approved the issuance of convertible warrants worth ₹2,237 crore to strengthen its capital base.
Patil Automation
Patil Automation is set to list on the NSE SME platform after its IPO was oversubscribed 101.42 times. The grey market premium indicates a potential 26% listing gain. The company's stock closed at ₹162.75, up 35.63% from its issue price.
Market Breadth
The overall market breadth was negative, with more stocks declining than advancing:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,410 |
| Positive | 1,990 |
| Negative | 2,420 |
Conclusion
Monday's trading session ended on a bearish note, with both benchmark indices closing lower. While most sectors faced selling pressure, Aerospace & Defense and Cables showed resilience. Zee Entertainment stood out with significant gains following positive announcements, while the market eagerly awaits Patil Automation 's listing on the NSE SME platform.
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