The domestic equity markets experienced a choppy session on Tuesday, marking the end of a two-day rally.
Benchmark indices closed slightly lower as selling in auto, pharma, and oil & gas stocks outweighed gains in IT, FMCG, and media shares. Despite this, broader markets exhibited strength, with mid-cap and small-cap stocks drawing notable investor interest.
Market Metrics
The S&P BSE Sensex dipped by 105.79 points, or 0.13%, to close at 80,004.06. Meanwhile, the Nifty 50 declined by 27.40 points, or 0.11%, settling at 24,194.50. Broader indices outperformed their benchmark counterparts:
- S&P BSE Mid-Cap: Gained 0.10%
- S&P BSE Small-Cap: Gained 0.62%
Market breadth leaned positive, with 2,288 stocks advancing, 1,634 declining, and 109 remaining unchanged.
The Nifty 50 fluctuated between an intraday high of 24,343.3 and a low of 24,125.4, while the Sensex mirrored the downtrend, shedding 0.13% after hitting similar volatility.
Broader indices such as the Nifty MidCap 50 and Nifty Small Cap 100 outperformed, with respective gains of 0.2% and 0.82%.
Top Gainers and Losers
Nifty 50
Top Gainers:
- Shriram Finance: +3.34%
- Britannia Industries: +2.24%
- Bharat Electronics: +1.90%
- Asian Paints: +1.84%
- Infosys: +1.82%
Top Losers:
- Adani Enterprises: -4.74%
- Adani Ports & SEZ: -3.25%
- Bajaj Auto: -3.01%
- Ultratech Cement: -2.94%
- Sun Pharmaceutical Industries: -2.07%
Sensex
Top Gainers:
- Asian Paints: +1.79%
- Infosys: +1.73%
- Wipro: +1.08%
- Tata Consultancy Services: +0.85%
- Reliance Industries: +0.60%
Top Losers:
- Ultratech Cement: -3.07%
- Sun Pharmaceutical Industries: -2.48%
- NTPC: -1.90%
- Mahindra & Mahindra: -1.87%
- Tata Motors: -1.70%
Broader Markets
Nifty MidCap 50 – Top Gainers:
- Vodafone Idea
- Yes Bank
- Colgate Palmolive India
- Marico
- PB Fintech
Top Losers:
- Lupin
- Sundaram Finance
- HDFC Asset Management Company
- Cummins India
- Oracle Financial Services Software
Nifty Small Cap 100 – Top Gainers:
- Sonata Software
- Triveni Turbines
- Shree Renuka Sugars
- Cochin Shipyard
- CreditAccess Grameen
Top Losers:
- Raymond
- Titagarh Rail Systems
- Canfin Homes
- Jyothy Labs
- Aditya Birla Real Estate
Sectoral Highlights
Sectoral performance was mixed, with IT standing out:
- Nifty IT Index: Advanced 1.07%, marking its fifth straight session of gains, with a cumulative rise of 6.43% during this period.
- Key contributors: Infosys (+1.66%), LTIMindtree (+1.64%), and Wipro (+1.16%).
On the downside, profit booking impacted:
- Auto, Pharma, and Oil & Gas Sectors: Declined by 1-1.5%.
Meanwhile, FMCG, IT, and Metal sectors posted gains of 0.5-1%, reflecting selective investor optimism.
IPO Spotlight
The IPO of Enviro Infra Engineers garnered significant attention:
- Subscription status: Oversubscribed 63.34 times as of 3:15 PM IST on its final day.
- Shares on offer: 3.08 million against 1.95 billion bids received.
- Price band: Rs 140–148 per share.
- Retail investors could bid for a minimum of 101 shares.
The overwhelming demand underscores positive sentiment towards the infrastructure sector.
Stock-Specific Developments
- Hindustan Unilever: Gained 0.27% following board approval for the demerger of its ice-cream business into an independent entity, pending regulatory approvals.
- Angel One: Rose 4.07% after SEBI granted its asset management arm approval to operate as a mutual fund AMC.
- Zomato: Climbed 2.52%, announcing the opening of a QIP at Rs 265.91 per share and liquidating its step-down subsidiary, Zomato Internet LLC.
Global Market Influence
Global markets provided mixed cues:
- European and Asian Markets: Declined amid concerns over U.S. tariff announcements, including:
- A 10% tariff on Chinese goods.
- A 25% tariff on imports from Mexico and Canada, citing concerns over migration and drug trafficking.
- U.S. Markets: Ended higher on Monday:
- Dow Jones: +1%.
- S&P 500: +0.3% to close at 5,987.40.
- NASDAQ: +0.27%, buoyed by cyclical sector inflows and potential Middle East ceasefire reports.
Upcoming events like the Federal Reserve’s FOMC meeting minutes and U.S. GDP data are expected to shape global sentiment.
The mixed trading session highlighted contrasting trends, with resilience in IT and broader market indices balancing the selling pressure in other sectors.
Investors remain cautious amid global uncertainties but selective buying in mid-cap and small-cap stocks suggests optimism for growth opportunities.
Disclaimer – The information provided in this article is for informational purposes only and does not constitute financial advice or a recommendation to buy, sell, or hold any securities. MarketScope Daily is not a SEBI-registered entity, and the views and analysis shared in this article are based on publicly available information and market trends as of the date mentioned. Investors are advised to conduct their own research or consult with a financial advisor before making any investment decisions.
