Sensex and Nifty End Flat
Indian stock markets experienced a day of ups and downs on Monday, with benchmark indices Sensex and Nifty ultimately closing slightly lower after a session marked by volatility. Early gains evaporated as cautious sentiment prevailed, leaving investors navigating a mixed bag of economic signals.
BSE Sensex ended the day down 21.85 points at 73,176.25, while the NSE Nifty50 slipped 5.40 points to close at 22,119.30. Both indices swung between positive and negative territory throughout the trading day, reflecting the uncertainty gripping the market.
Winners and Losers:
Several stocks bucked the overall trend and delivered strong performances:
- Bharat Electronics Limited (BEL): Topped the gainers list, surging 4.57%.
- Grasim Industries: Climbed a solid 3.18%.
- Eicher Motors: Showed robust growth, rising 2.94%.
- JSW Steel: Added 2.68% to its value.
- Bharat Petroleum Corporation Limited (BPCL): Rounded out the top five with a 2.23% increase.
On the flip side, some heavyweights weighed down the indices:
- Bajaj Auto: Led the decliners, dropping 2.44%.
- Coal India: Fell 2.37%.
- Reliance Industries: Slipped 2.17%, putting significant pressure on the market.
- Bajaj Finserv: Declined by 1.73%.
- HDFC Bank: Lost 1.67%.
Sectoral Performance:
Overall, the market's performance on Monday reflects a cautious and uncertain outlook. While positive domestic indicators offer some hope for a rebound, global economic concerns and ongoing trade tensions continue to weigh on investor sentiment. The coming days and weeks will be crucial in determining whether the market can find a more stable footing or if the volatility will persist.
DISCLIMER: Prameya or Prameya News7 does not endorse the views or recommendations expressed by experts/brokerages in this article. These are solely their opinions. Readers are advised to consult with a qualified financial advisor before making any investment or trading choices.
