Sensex Today | Stock Market Highlights: The Sensex slipped 247 points to close at 82,253, while the Nifty fell 68 points to end at 25,082, although it managed to hold above the 25,000 mark after recovering from intraday lows. Market breadth remained neutral, with an advance-decline ratio of 1:1, indicating an even spread of gains and losses across stocks.
Sensex Today | Stock Market Highlights: The Indian market ended on a mixed note on Monday, with the broader indices outperforming the benchmark indices. The Nifty Bank index inched up by 11 points to 56,765, while the Nifty Midcap index surged 410 points to settle at 59,053, reflecting strong investor interest in the broader market. However, IT stocks continued to weigh on sentiment, with the Nifty IT index emerging as the top sectoral laggard.
Among key stock movers, private equity firm Multiples announced plans to acquire a 32% stake from VIP Industries’ promoter, lifting the stock 5% higher. Realty stocks gained momentum after wholesale inflation (WPI) came in below estimates, making Nifty Realty the top-gaining index.
Upstream oil companies also saw buying interest as Brent crude reclaimed the $71 per barrel mark; ONGC rose 1% on the back of this. In contrast, crude derivative stocks such as paint companies and oil marketing companies (OMCs) came under pressure due to higher input costs.
New-age companies attracted strong buying interest with robust trading volumes, with Eternal emerging as the top Nifty gainer. Midcap pharma stocks were also in focus, with Laurus Labs, Granules India, and Mankind Pharma closing with notable gains.
Bosch extended its rally, taking its monthly gains to 15%, while Hindustan Zinc moved higher after MCX silver hit a record high, crossing ₹1.14 lakh per kg. Avenue Supermarts, however, failed to sustain its recovery and closed in the red following a weak Q1 performance.
MTNL gained after the government opened the door for non-auction-based asset sales. Ola Electric soared 20% and witnessed its highest single-day trading volumes since its Q1 earnings release. On the downside, AU Small Finance Bank shed 2% after Kotak Institutional Equities downgraded the stock.