The stock market saw a mix of gains and losses on Monday, with ICICI Bank Ltd., Hindustan Unilever Ltd. (HUL), Mahindra & Mahindra Ltd. (M&M), State Bank of India (SBI), and Maruti Suzuki India Ltd. leading the gainers. Meanwhile, HCL Technologies Ltd., Tech Mahindra Ltd., Zomato Ltd., PowerGrid Corporation of India Ltd., and Infosys Ltd. were among the laggards.
The Sensex and Nifty took a hit, with the BSE Sensex falling 1.08% or 824.29 points to 75,366.17, and the NSE Nifty dropping 1.14% or 263.05 points to close at 22,829.15.
In terms of top gainers, ICICI Bank saw a 1.53% increase, closing at 1,228.00. HUL rose by 0.99% to2,392.40, while M&M gained 0.98% to `2,828.50. SBI and Maruti Suzuki also ended the day in the green, with gains of 0.65% and 0.15% respectively.
On the flip side, HCL Technologies experienced the biggest decline, dropping 4.60% to 1,711.10. Zomato fell by 4.47% to206.15, while Tech Mahindra, PowerGrid, and Infosys closed lower by 4.08%, 2.94%, and 2.83% respectively.
The day’s losses were driven by a sell-off in technology stocks, while banking and consumer goods stocks showed resilience. The overall market sentiment was negative, with both the Sensex and Nifty opening lower and continuing on a downward trend throughout the session.
