The Indian stock market opened on a steady note on Tuesday, with the Sensex trading flat and the Nifty comfortably holding above the 25,500 mark. Investors witnessed a mix of gains and losses across sectors, reflecting cautious optimism amid ongoing market volatility.
The FMCG, auto, consumer durables, and power sectors led the day’s early gains, each rising by 0.5 per cent. At the same time, smallcap stocks outperformed, with the BSE Smallcap index climbing 0.5 percent, while the BSE Midcap index remained flat.
In contrast, the metal and realty sectors slipped, with both indices down by 0.5 per cent, highlighting the mixed performance across the broader market.
Meanwhile, India VIX — a measure of market volatility — dropped 2%, suggesting that investor sentiment remains relatively calm for now.
Among the most actively traded stocks on the NSE were Axis Bank, BSE Limited, Waaree Energies, Syrma SGS, and Jaiprakash Power. These stocks saw strong participation from traders and investors alike.
Axis Bank stock was quoted at ₹1,166.30, up ₹0.90 or 0.08%, with an intraday high of ₹1,171.00 and a low of ₹1,159.20. The stock was trading with volumes of over 34,000 shares.
In the previous session, Axis Bank had closed lower by 0.85%, or ₹10.05, at ₹1,165.40.
Currently, the stock is:
12.93% below its 52-week high of ₹1,339.55 (touched on July 12, 2024)
24.87% above its 52-week low of ₹934.00 (touched on January 27, 2025)
Axis Bank’s market capitalization stands strong at ₹3.61 lakh crore, reflecting its continued significance in the banking sector.
The market seems to be moving cautiously, with select sectors like FMCG and small-caps gaining strength, while others like realty and metals are witnessing some pressure. The drop in India’s VIX by 2% indicates reduced volatility, which could offer short-term stability for investors.
With Nifty sustaining above the key 25,500 level and Sensex staying range-bound, market watchers will likely keep a close eye on sectoral trends and stock-specific action in the coming sessions.
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