Sensex Today | Stock Market Highlights: The Nifty Bank index declined 91 points, while the Nifty Midcap 100 underperformed, ending 186 points lower after recovering from steeper intraday losses. Market breadth remained weak, with the NSE advance-decline ratio at 1:2. Nifty IT emerged as the top gainer, while defence and realty stocks led the declines.
The Nifty Bank index declined 91 points, while the Nifty Midcap 100 underperformed, ending 186 points lower after recovering from steeper intraday losses. Market breadth remained weak, with the NSE advance-decline ratio at 1:2.
Among individual stocks, Trent plunged 12% after its Q1 business update missed Street estimates, while Kalyan Jewellers dropped over 7% following its quarterly update.
Cochin Shipyard fell 4% after the government announced a 5% stake sale via an OFS. On the gaining side, Titan rose 3% after reporting 41% growth in consumer business revenue for Q1, Swiggy jumped nearly 8% after foreign investment fell below 50%, and RITES gained nearly 7% after securing a $35 million order from Volantis.
Sectorally, Nifty IT emerged as the top gainer, while defence and realty stocks led the declines.