The Indian stock market began the day on a quiet note as the Sensex and Nifty remained flat amid ongoing market volatility. Despite some early fluctuations, the benchmark indices showed little momentum as investor sentiment stayed cautious.
Sectoral Performance Remains Mixed
Different sectors showcased a divided performance throughout the session:
Auto, capital goods, and power sectors gained 0.5% each, indicating selective interest from market participants.
In contrast, IT, metal, oil & gas, and PSU banks fell 0.5%, dragging the indices and reflecting a weak undertone in these segments.
Top Losers: IT and Metal Stocks Under Pressure
Technology and metal stocks faced the most pressure, contributing significantly to the market’s flat mood. Major losers on the Nifty included TCS, Tech Mahindra, HCL Technologies, HUL, and JSW Steel. Weakness in these heavyweights limited any potential upside in the market.
Top Gainers: Titan, Maruti, Airtel, Lend Support
Amid the broader market weakness, some stocks stood strong. Titan Company, Maruti Suzuki, Trent, Bharti Airtel, and Axis Bank were among the top gainers on the Nifty, offering some much-needed stability to the indices.
Broader Markets Also Trade Lower
The broader market followed a similar trend:
The BSE Midcap index declined by 0.5%.
The Smallcap index saw a marginal dip, indicating a lack of strong participation from retail and mid-sized investors.
Siemens Energy Debuts on Stock Exchange
A key highlight of the session was the listing of Siemens Energy shares, which made their debut at ₹2,840. The listing attracted attention and could potentially drive further action in the capital goods segment in the coming sessions.
Outlook: Volatility Keeps Investors on Edge
With no clear direction in sight, the market is currently experiencing short-term sectoral rotation and profit booking. Traders and investors are expected to keep a close watch on global market cues, crude oil prices, and institutional fund flows for further clarity.
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