Stock Market Today: The Indian stock market ended Tuesday’s session on a positive note, with benchmark indices holding steady amid a rangebound trading day. The Nifty 50 closed at 25,541.80, up 24.75 points, while the Sensex gained 90.83 points, settling at 83,697.29.
The Nifty PSU Bank index rose for the sixth straight session, continuing its strong momentum and lending critical support to the broader markets.
Key Highlights:
- Reliance Industries surged nearly 2%, reaching a nine-month high, boosted by a favourable brokerage report.
- Apollo Hospitals topped the Nifty 50 gainers, jumping 3.5% after announcing a restructuring plan.
- Gabriel India locked in a 20% upper circuit, also on restructuring news.
- Among auto stocks, M&M and Eicher Motors ended higher, while Tata Motors declined on the back of June auto sales data.
- Karur Vysya Bank gained over 2% following a strong Q1 business update.
- Dixon Technologies dropped nearly 2% after being downgraded by Morgan Stanley.
- NMDC fell almost 3% after announcing price cuts for iron ore lumps and fines.
- Sigachi Industries continued to decline, losing another chunk of value after a fire at its Telangana unit, with the stock falling nearly 17% over two sessions.
Sectoral Performance:
Gainers:
- Nifty PSU Bank
- Nifty Metal
- Oil & Gas
- Consumer Durables
- Healthcare
- Pharma
Laggards:
- Nifty Auto
- IT
- Energy
- FMCG
- Media
- Realty
Market Breadth & Broader Indices:
- Nifty Midcap100 closed flat
- Nifty Smallcap100 fell by 0.10%
- Market breadth mixed:
- 1,491 stocks advanced
- 1,452 stocks declined
- 77 stocks unchanged
- 96 stocks hit 52-week highs, while 24 hit 52-week lows
- 119 stocks locked in upper circuit, 43 hit lower circuit
- India VIX, the volatility index, dropped 2.01% to 12.5, signaling lower market volatility
- Total market capitalization on NSE: ₹5.36 trillion
Top Nifty 50 Gainers:
- Apollo Hospitals (+3.63%)
- Bharat Electronics
- Reliance Industries
- Asian Paints
- UltraTech Cement
Top Nifty 50 Losers:
- Axis Bank (-2.13%)
- Trent Ltd.
- Eicher Motors
- Tech Mahindra
- ICICI Bank
Key Factors Influencing Sentiment:
- US-India trade talks ahead of the July 9 tariff deadline added a note of caution and optimism.
- Investors engaged in profit booking after last week’s rally.
- Asian markets showed cautious optimism, providing limited direction.
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