Tag: Sensex

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Corporate

Sensex, Nifty Hold Steady, Realty, PSU Banks Lead

India’s benchmark indices ended Monday’s session almost unchanged after a volatile day of trade, with gains in realty and PSU bank stocks offset by weakness in IT and auto counters.

The Sensex rose 40 points to 83,978, while the Nifty added 41 points to 25,763. Broader indices outperformed, with midcaps and smallcaps gaining up to 0.7%.

Realty, telecom, pharma, and PSU bank stocks led the advance, each rising 1–2%. IT, FMCG, and auto shares slipped on profit-booking.

Top gainers on the Nifty included Shriram Finance, M&M, Apollo Hospitals, SBI, and Tata Consumer, while Maruti, ITC, TCS, BEL, and L&T declined.

Analysts said markets are consolidating after recent highs. The Nifty faces resistance near 26,100, with support at 25,650.

The Bank Nifty showed strength, holding above 57,600, with potential to move toward 58,500.

Global sentiment stayed mixed as investors tracked the US Fed’s next move and geopolitical cues. Experts expect the market to stay range-bound, with buying interest in realty, PSU banks, and midcaps likely to continue.

Also Read: Sensex falls 100 pts, Nifty below 25,750

Categories
Corporate

Sensex falls 100 pts, Nifty below 25,750

Indian stocks traded with high volatility on Monday, opening slightly lower as investors took profits after a strong rally in October. Weakness in private banks and FMCG shares pulled the markets down, though positive quarterly results and encouraging auto sales data helped limit the fall.

The mood in global markets also stayed cautious. A stronger U.S. dollar and the Federal Reserve’s cautious outlook on interest rate cuts made investors less willing to take risks.

On Friday, Indian markets had already ended lower for the second day in a row as traders booked profits following mixed corporate earnings. Financial stocks, especially HDFC Bank and ICICI Bank, faced pressure after the market regulator tightened some eligibility rules.

At close on Friday, the Sensex had fallen 465.75 points (0.55%) to 83,938.71, while the Nifty 50 lost 155.75 points (0.60%) to end at 25,722.10.

Analysts said the market could stay choppy in the short term as investors look for direction from global cues, crude oil prices, and upcoming earnings reports.