Stock Market Highlights: Indian markets ended flat on Wednesday after a volatile session, with the Nifty slipping over 150 points from the day’s highs. Banking and metal stocks led the trade, while midcaps underperformed. Asian Paints, Samvardhana Motherson, and Groww gained sharply post-results, while Tata Steel and Eicher Motors declined.
Stock Market Highlights: Indian equity benchmarks rose for the fourth straight session on Wednesday but ended off the day’s highs amid late selling pressure. The Nifty slipped over 150 points from its intraday peak to close flat at 25,879, while the Sensex gained a modest 12 points to end at 84,478.
The Nifty Bank outperformed, touching a fresh intraday peak before closing 107 points higher at 58,382, while the Midcap index underperformed, falling 210 points to 60,692. Market breadth remained weak with a 2:3 advance-decline ratio on the NSE.
Among key movers, Asian Paints surged 4% to top the Nifty gainers after its Q2 results, while Samvardhana Motherson rose over 4% and Eicher Motors slipped more than 1% post-earnings. Tata Steel dropped 1% on concerns around its UK operations and widening losses.
Groww extended its post-listing rally with another 4% gain, while Prestige Estates, Honasa, and Data Patterns traded higher on strong quarterly performances. Lupin added around 1% after receiving the Establishment Inspection Report (EIR) for its Aurangabad facility from the USFDA.