Markets End Lower Amid Broad-Based Selling

Indian equity markets closed in the red today, with benchmark indices facing declines as selling pressure weighed on investor sentiment. The Nifty 50 fell 0.39% to 23,603.35, while the Sensex slipped 0.27% to 78,058.16.

Broader market indices also faced weakness, with the Nifty Midcap 150 declining 1.01% to 19,793.75 and the Nifty Smallcap 250 dipping slightly by 0.04% to 16,098.65. Market volatility remained elevated, with the India VIX rising 0.65% to 14.18.

Top Stock Movers

Top Gainers

• GSK Pharma: ₹2,260 (+13.07%) – Strong buying interest propelled the stock to the top gainer’s list.

• Castrol India: ₹210 (+8.28%) – The stock rallied on improved earnings expectations.

Top Loser

• Trent: ₹5,227 (-8.22%) – The stock declined following the announcement of a stake reduction in Massimo Dutti India.

Key Corporate Developments

🔹 SSEGL (+4.58%) – Won a ₹40.05 crore EPC contract from Muthiah Beverage & Confectionery, boosting order book strength.

🔹 Torrent Power (+3.08%) – Its NCDs were reaffirmed at IND AA+/Stable by India Ratings, reflecting strong creditworthiness.

🔹 Indegene (+2.60%) – Expanded operations into Spain, focusing on AI-driven life sciences solutions.

🔹 Bajel Projects (-5.85%) – Despite a 57% YoY profit drop, the company secured ₹940 crore in new orders, indicating future revenue visibility.

🔹 Trent (-8.22%) – Announced plans to sell Massimo Dutti India shares worth ₹20.75 crore, reducing its stake to 20%.

Sectoral Performance

• Gainers:

• Nifty IT (+0.31%) – Tech stocks saw mild gains amid global optimism.

• Nifty Pharma (+0.64%) – Defensive buying supported the sector.

• Nifty Private Bank (+0.31%) – Banking stocks remained resilient.

• Losers:

• Nifty Realty (-2.19%) – Sector weighed down by profit booking.

• Nifty Consumer Durables (-1.84%) – Declined on demand concerns.

• Nifty Auto (-0.93%) – Automakers saw selling pressure.

Broader Market Sentiment

• Cipla (+2.51%), Adani Ports (+1.90%), and ITC Hotels (+1.77%) were the top gainers in the Nifty 50.

• Trent (-8.38%), Bharti Airtel (-2.32%), and BEL (-3.08%) led the declines.

• Market breadth was negative, with 1,495 stocks declining versus 1,334 advancing, indicating bearish sentiment among investors.

Global Economic Calendar

Investors are closely watching global macroeconomic events for further cues:

• U.S. Fed Chair Speech – Insights into future rate policies.

• Eurozone Retail Sales Data – Key indicator of consumer demand.

• China Trade Balance Report – Market impact on commodity prices.

Looking Ahead

Markets are expected to remain volatile as global cues and domestic corporate earnings shape investor sentiment. For further analysis and technical insights, watch our latest YouTube update.

Stay tuned for more updates.