Asian Paints, BPCL, Coal India, Tata Steel, and Hindalco emerged as the top gainers in the Nifty 50, while Trent, Tech Mahindra, Tata Consumer Products, Bharat Electronics, and HDFC Life were among the laggards.
The broader index experienced a volatile trading session after opening on a positive note. The Sensex gained 300.42 points or 0.41% to reach 74,030.65 by 12.31 pm, while the Nifty 50 climbed 108.15 points or 0.48% to 22,445.45.
However, the indices gave up their early gains intraday as financial stocks saw a decline. Metal stocks continued to drive market movements, while IT and financial sectors faced selling pressure.
In terms of top gainers, Asian Paints led the pack with a 3.72% increase to ₹2,244.55, followed by BPCL with a gain of 3.49% to ₹264.76. Coal India saw an increase of 3.03% to ₹379.4, Tata Steel rose by 3.01% to ₹150.5, and Hindalco registered a gain of 2.87% to ₹672.2.
On the flip side, Trent witnessed a decline of 1.71% to ₹5,018.6, followed by Tech Mahindra with a drop of 1.64% to ₹1,512.8. Tata Consumer, BEL, and HDFC Life also slipped by about 0.60% to trade in the red at ₹950.4, ₹273.11, and ₹617.2, respectively.
In other news, Adani Energy Solutions surged by 3% to ₹732.05, while Adani Green Energy and Adani Enterprises traded flat. A majority of 2,272 stocks advanced on the National Stock Exchange, while 479 declined out of the 2,817 stocks that were traded.
Among the Sensex constituents, Reliance Infra, Castrol India, and CreditAccess shares rallied over 11%. Additionally, oil marketing companies extended their gains after crude oil prices dropped to six-month lows in the international markets.
Overall, the market witnessed a mix of gains and losses with certain sectors outperforming others. The day’s trading session showcased the dynamic nature of the market as investors reacted to various news and developments impacting different sectors and stocks.
