Tata Steel, Hindalco Industries, Power Grid Corporation of India, Tech Mahindra, and Adani Enterprises topped the Nifty gainers list today. On the flip side, SBI Life Insurance Company, Hindustan Unilever, Grasim Industries, Ultratech Cement, and Shriram Finance emerged as the top losers. The Sensex dipped by 14.57 points, or 0.02%, finishing at 84,928.61.
The Nifty experienced a rise of 1.35 points, equating to 0.01%, closing at 25,939.05. It traded within a range of 26,011.55 for a high and 25,886.85 for a low. The Nifty Midcap 50 saw stronger performance, closing up by 0.41%.
The Nifty Small Cap 100 underperformed, finishing lower by 108.85 points, or 0.56%, at 19,548.90. The Bank Nifty wrapped up at 54,105.80, having reached an intraday high of 54,247.70 and a low of 53,904.65. NMDC, Hindustan Petroleum Corporation, Steel Authority of India, Bharat Heavy Electricals, and Escorts Kubota were the leading gainers in the Nifty MidCap 50.
On the losing side within the Nifty Small Cap 100 were Page Industries, Bandhan Bank, Max Healthcare Institute, P I Industries, and Max Financial Services, while the top gainers included National Aluminium Company, Firstsource Solutions, NLC India, KEC International, and Hindustan Copper.
Gains Led by Tata Steel and Hindalco
Meanwhile, Amber Enterprises India, HFCL, Honasa Consumer, Cyient, and Finolex Cables found themselves as the main losers. Noteworthy gainers in the market included Schneider Electric Infrastructure, K P R Mill, Sapphire Foods India, National Aluminium Company, and Firstsource Solutions. Significant pullbacks were noted from SBFC Finance, Concord Biotech, Amber Enterprises India, Suven Pharmaceuticals, and PB Fintech.
The overall market sentiment remains mixed as investors assess the potential upside of external stimuli against the backdrop of domestic profit-taking. Metal stocks saw a surge due to stimulus plans from China, which could enhance demand forecasts. However, profits were limited by profit-taking in strong performers within the finance and technology sectors.
At the end of the trading session, the Sensex showed a decline of 14.57 points or 0.02 percent, resting at 84,914.04, while the Nifty gained 1.40 points or 0.01 percent to settle at 25,940.40. The metal index increased by 3 percent, the oil & gas index saw a rise of 0.6 percent, and the power index grew by 1.4 percent. Meanwhile, sectors such as PSU Banks, FMCG, and Telecom recorded declines ranging from 0.5 to 1 percent.
The Indian rupee closed lower by 12 paise at 83.67 against the dollar on Tuesday compared to Monday’s closing of 83.55. Manba Finance’s IPO recorded a subscription rate of 59.57 times.
