Indian equity markets closed on a mixed note today, with the Nifty managing to stay above 24,600 while the Sensex ended flat. Weakness in metals, oil & gas, and realty stocks offset gains in IT and consumer durables.<\/p>\n
On the gainers\u2019 list, Wipro, Eternal, HDFC Life, Infosys, and Asian Paints stood out, providing support to the index.
In contrast, Tata Steel, Adani Ports, Tech Mahindra, Hero MotoCorp, and Bharat Electronics were among the top losers, pulling the market down.<\/p>\n
Also Read: India\u2019s Economy Among the Best Performers Globally<\/a><\/p>\n On the sectoral front, metal and oil & gas indices declined by 1 percent each, making them the day\u2019s biggest drags. Realty stocks also remained weak. The broader market underperformed, with the BSE midcap index down 0.2 percent and the smallcap index shedding 0.4 percent. This indicates a more cautious sentiment among investors outside the large-cap space.<\/p>\n India has firmly positioned itself as one of the best performing economies in the world, according to S&P Global. The nation staged a remarkable post-pandemic recovery, with real GDP growth from fiscal 2022 to fiscal 2024 averaging 8.8% \u2014 the highest in the Asia-Pacific region.<\/p>\n S&P expects India\u2019s strong growth momentum to continue, projecting GDP to increase 6.8% annually over the next three years. This sustained performance is expected to moderate the government debt-to-GDP ratio, despite persistent fiscal deficits.Sectoral Performance<\/h3>\n
Meanwhile, consumer durables and IT indices rose 0.5 percent each, offering some cushion to the market.<\/p>\nBroader Market Weakness<\/h3>\n
Robust Growth Outlook for the Medium Term<\/h3>\n
The ratings agency further noted that consumer demand and public investment will remain the key growth drivers, with real GDP growth likely to be 6.5% in FY26.<\/p>\n