Benchmark indices traded with marginal loss in the mid-trading session, dragged by financial stocks, and succumbing to profit-taking and sector-specific concerns. Though there are positive signals such as a potential US-India trade deal, market participants remain cautious.
and fluctuated nearly 600 points and 188 points, respectively, in today’s trading session.
At the time of writing, the indices were off the day’s low. Sensex traded 90.12 points or 0.11 per cent positive at 83,445.23 at 12.22 pm after opening at 83,671.52 against the previous close of 83,535.35.
Nifty 50 dropped by 17.60 points or 0.07 per cent to 25,556.75 (after moderating between 25,449.25-25,637.60).
Midcap index dipped by 0.06 per cent, and smallcap index dropped by 0.37 per cent.
In the sectoral space, financial stocks witnessed weakness, falling over 2 per cent. Bajaj Finance fell sharply after it cut its asset-growth guidance weighed on the broader financials index. Bajaj Finserv shares also tumbled ahead of Q2 results expected today. IT, auto, chemicals and FMCG were the only indices that traded with modest gains.
Top gainers & losers intraday
Shares of , IndiGo, M&M, Bharti Airtel and Bajaj Auto led the gainers of Nifty 50, while Bajaj twin shares, ONGC, TMPV and Apollo Hospitals depreciated the most.
Britannia Industries’ stock slumped after its long-time MD resigned, adding to caution among investors.
About 3,045 stocks were traded on the at the time of writing, of which 1,203 stocks advanced, 1,743 declined, indicating a negative market breadth as decliners outnumbered gainers. 99 stocks remained unchanged.
Meanwhile, 41 stocks (such as M&M, MCX, and Torrent Pharma) touched their 52-week highs, while a significantly higher 132 stocks (featuring Epigral, GoColors, Just Dial and JSW Cement) hit their 52-week lows, showing broad-based weakness in the market. Additionally, 62 stocks were locked in the upper circuit, whereas an equal 62 stocks hit the lower circuit.
Midcap & smallcap movers
Vodafone Idea led the gainers of midcap index following Q2 results. BHEL, IndusInd Bank, National Aluminium and Swiggy followed with a 2-4 per cent increase in share prices. On the flip side, HUDCO, AU Small Finance Bank, LTF, Voltas and Vishal Mega Mart dragged 2-3 per cent.
Smallcap stocks Data Patterns, Hindustan Copper, GRSE, KEC International and Amber soared 3-7 per cent, while HBL Engineering, Neuland Lab, Afcons, Ola Electric and Whirlpool deprecuated 3-7 per cent.
On the BSE, Esab India, Poly Medicure, Latent View, Graphite and HEG zoomed 7-11 per cent. TARIL, Neogen, Bajaj Finance, HBL Engineering and Bajaj Finserv dragged 7-8 per cent.
Shares of Bajaj Finserv, Bajaj Holdings, Tata Power, Bosch, BSE, Fortis Healthcare, Thermax, Torrent Power, Bharat Forge, EID Parry, Max Financial, Godrej, JB Chemicals, Emcure Pharma and more will be in focus today due to Q2 results.