Indian equity markets maintained their positive momentum on Thursday, supported by robust performances in key mid- and small-cap stocks, as well as encouraging Q3 earnings reports from various companies.

Market Highlights

• Sensex: Rose 0.15%, closing at 76,520.38

• Nifty 50: Gained 0.22%, settling at 23,205.35

• India VIX: Declined 0.46% to 16.70, indicating reduced market volatility

Broader indices outperformed the frontline indices, reflecting a broad-based market rally:

• Nifty Midcap 150: Climbed 1.78% to 20,047.95

• Nifty Smallcap 250: Gained 0.81%, closing at 16,352.80

Sectoral Performance

• Top Performing Sectors:

• Nifty Consumer Durables: +1.97%

• Nifty IT: +1.79%

• Nifty Media: +1.44%

• Underperforming Sectors:

• Nifty Oil & Gas: -0.51%

• Nifty Bank: -0.28%

• Nifty Private Bank: -0.40%

Top Gainers and Losers

Nifty 50 Gainers:

1. Ultratech Cement: +6.67% to ₹11,406.95

2. Grasim: +2.96% to ₹2,458.95

3. Wipro: +2.78% to ₹317.70

Nifty 50 Losers:

1. BPCL: -2.14% to ₹271.65

2. Kotak Mahindra Bank: -1.28% to ₹1,893

3. HCL Technologies: -1.14% to ₹1,806.95

The market breadth was positive, with 1,575 stocks advancing compared to 1,236 stocks declining, signaling broad-based buying activity.

Top Volume Gainers

1. Consolidated Finvest & Holdings Limited: Surged 9.28% to ₹214.40, with trading volume spiking 41.22 times its two-week average.

2. Zensar Technologies Limited: Gained 14.20% to ₹856.55, driven by strong Q3 results and a trading volume leap of 19.80 times its two-week average.

3. Jagsonpal Pharmaceuticals Limited: Rose 5.63% to ₹241.10, supported by a 91.5% jump in PAT in Q3 FY25.

Company Earnings Snapshot

• Syngene International: Delivered strong Q3 results, with notable increases in EBITDA and EBITDA margins.

• Amber Enterprises: Reported robust growth across all fronts, including EBITDA, income, and margins.

• Cyient Limited: Fell short of expectations, with lower-than-estimated EBITDA and margins.

• ZEE Entertainment: Improved EBITDA and margins due to effective cost control measures.

Global Economic Calendar

Investors remain attentive to global macroeconomic events that could influence market sentiment:

1. ECB Monetary Policy Decision: Implications for global liquidity and currency markets.

2. US Initial Jobless Claims: Key indicator of labor market strength.

3. Japan Inflation Data: To provide insights into the Bank of Japan’s monetary policy stance.

4. UK Retail Sales Data: Reflecting consumer spending trends amid high inflation.

Closing Note

While market sentiment remains broadly optimistic, strategic stock selection and portfolio balancing remain key to navigating market uncertainties.

For deeper insights, watch our YouTube video for a detailed breakdown of today’s market trends and expert analysis!