Markets end off lows, tech under pressure; Mid and small caps outperform – 5 key highlights

The Indian headline indices ended the session in the red on Monday, dragged down by weakness in heavyweight IT and auto stocks. The Sensex closed at 81,896.79, down by 511.38 points or 0.62%, while the Nifty settled at 24,971.90, slipping 140.50 points or 0.565. The Nifty Bank index ended the day at 56,059.35, down 0.34%.

Meanwhile, the India VIX, a measure of market volatility, rose by 3%.

5 key highlights from today’s market session

Top gainers

Among the Sensex constituents, Trent and Bharat Electronics were the top gainers, rising around 3% each. They were followed by Bajaj Finance, Kotak Mahindra Bank, and Bajaj Finserv, which also posted modest gains.

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On the losing side, tech stocks led the decline with Infosys and HCL Tech under pressure. Other notable laggards included Larsen & Toubro, Mahindra & Mahindra, and Hindustan Unilever, weighing down the indices.

Trending stock losers

In the broader market, Infibeam Avenues led the list of top losers, dropping 4.05%. KRBL followed with a 2.82% decline, while United Spirits lost 2.72%. Other notable losers included Gufic Biosciences (-2.46%), Genesys International (-2.37%), and Apollo Pipes (-2.04%).

Top sectoral performers

Several sectoral indices ended higher. The BSE Capital Goods index led the rally, rising 1%. The BSE Central Public Sector Enterprises index was next, climbing 1%, followed by gains in BSE 250 SmallCap up 0.74%, BSE Metal up 0.67%, BSE SmallCap up 0.60%, and BSE PSU up 0.58%.

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Among business groups, Essel Group topped the performance chart with a 12% rise in market capitalization. L G Balakrishnan Group gained 4%, and Indiabulls Group rose 3%. Gains were also seen in Kirloskars Group and Essar Group, each up 2%.

On the downside, Jaypee Group was the worst hit, shedding 2% in market value. HCL Group and Godrej Group declined 2% and 2%, respectively. Hero Group dropped 2%, and L&T Group slipped 1.6%.

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