The Indian equity market ended the session on a negative note today, with BSE Sensex closed at 76,619.33, down by 0.55%, while the NSE Nifty 50 settled at 23,203.20, marking a loss of 0.47%. The Rupee, meanwhile, ended the day at 86.61 against the US dollar, gaining 0.06%.
The Nifty Bank ended today’s trading session at 48,540.60, down by 1.50%.
“The markets remained volatile for yet another session, slipping nearly half a percent after three consecutive days of gains. Early weakness, driven by IT and banking heavyweights reacting to earnings, pulled the benchmark indices lower. However, resilience in key players like Reliance, ITC, and LT helped limit the decline. By the close, the Nifty settled at 23,203.2, down 0.5%. Sector-wise, IT and banking led the losses, while realty, metal, and energy showed strength. Interestingly, broader indices defied the trend and ended marginally in the green, said Ajit Mishra – SVP, Research, Religare Broking.
“The ongoing tussle between bulls and bears reflects mixed market sentiment, with select heavyweights supporting recovery hopes on a rotational basis. However, persistent FII selling and a mixed start to the earnings season are restricting upward momentum. Until clear signs of reversal emerge, we advise maintaining a “sell on rise” strategy for the index while focusing on stock-specific opportunities during the earnings season,” he noted.
Here’s a look at today’s top gainers and losers in the market: Top Gainers in Nifty 50
On the gaining side, BPCL led the pack with a 2.68% rise. Reliance Industries followed with a 2.65% increase. Coal India climbed by 2.52%, while Hindalco and Nestle India gained 2.22% and 2.20%, respectively.
Top Losers in Nifty 50
Among the top losers, Infosys saw the steepest decline, falling by 5.75%. Axis Bank dropped 4.43%, closely followed by Shriram Finance at 3.71%. Kotak Bank and Wipro registered declines of 2.58% and 2.20%, respectively.
Also Read: Axis Bank shares slide 6% to 52-week low: This is the BIG worry….
Top Gainers in BSE Sensex
In the Sensex top gainers, Zomato led with a rise of 2.69%, followed by Reliance at 2.50% and Nestle India at 1.97%. Asian Paint and PowerGrid gained 1.92% and 1.90%,
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