The Indian share market closed on a positive note but with mild gains. The BSE Sensex gained 123.58 points, or 0.15%, closing at 81,548.73, whereas the NSE Nifty50 added 32.40 points, or 0.12%, to close at 25,005.50 on closing. This was the fourth consecutive day of gains, reflecting continuous investor confidence despite mixed sector performance and global cues.
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Sectoral Performance Highlights
Sectoral trends seemed mixed on the trading day. The Oil & Gas sector was the top gainer, as the Nifty Oil and Gas index gained 1.09%%. NTPC and ONGC were the major gainers in this segment. PSU banks also moved higher, rising 0.97%, supported by aggressive buying in State Bank of India, Canara Bank, and Axis Bank. On the other hand, the Information Technology sector witnessed selling pressure. Nifty IT index fell by 0.66% as blue-chip IT stocks such as Infosys and Tech Mahindra declined.
Mid-cap and Small-cap Indices Performances
The broader market indices reflected a risk-averse mood with mid-caps and small-caps experiencing minor corrections. The Nifty MidCap 100 index was nearly flat, declining marginally by 0.07%, while the Nifty SmallCap 100 dropped 0.04% in the backdrop of profit booking. Top mid-cap gainers were NLC India, Aurobindo Pharma, and NALCO, while Gujarat Fluoro, Ola Electric, and Endurance Technologies were among the mid-cap losers.
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Top Gainers in the Market
The top gainers of the day were stocks like Eternal, Adani Ports, NTPC, Bharat Electronics Limited (BEL), Sun Pharma, SBI, Titan, and ITC. These gained by as much as 2% on the back of sectoral strength and positive investor sentiment. The Oil & Gas and PSU banking stocks were the points of attraction for the investors.
Major Losers and Weak
On the negative side, Infosys, Tech Mahindra, Kotak Bank, Ultratech Cement, and Trent were the top losers with share prices dropping by 1-2%. The IT sector specifically weighed on the market, showing cautious sentiment in the wake of some profit-taking. Mid-cap stocks such as Gujarat Fluoro and Ola Electric also saw significant declines.
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Nutshell
Overall, the Indian stock market demonstrated strength with benchmark indices settling higher, supported by leadership in Oil & Gas and PSU banking counters. Mild weakness in IT and small/mid-cap segments reflected cautious trading as investors weighed domestic and global economic considerations.
