Indian Stock Market Update
The Indian stock market witnessed a volatile session today, with the Sensex and Nifty 50 experiencing significant fluctuations. The Bank Nifty, however, surged ahead, driven by strong buying in banking stocks.
As of 3:30 PM IST, the Sensex was trading at 64,511.12, down 0.25% from its previous close. The Nifty 50 was trading at 19,313.20, down 0.30% from its previous close.
The Bank Nifty, however, was the star performer of the day, surging 1.15% to 44,811.20. Banking stocks such as ICICI Bank, HDFC Bank, and Axis Bank were among the top gainers of the day.
Top Gainers and Losers of the Day
Here are the top gainers and losers of the day:
Top Gainers:
1. ICICI Bank: Up 2.50% to ₹1,043.50
2. HDFC Bank: Up 2.20% to ₹1,643.20
3. Axis Bank: Up 2.10% to ₹1,033.50
4. Kotak Mahindra Bank: Up 1.90% to ₹1,943.20
5. IndusInd Bank: Up 1.80% to ₹1,243.50
Top Losers:
1. Tata Motors: Down 3.50% to ₹443.20
2. Mahindra & Mahindra: Down 2.80% to ₹1,243.50
3. Maruti Suzuki: Down 2.50% to ₹9,333.20
4. Hero MotoCorp: Down 2.30% to ₹2,833.20
5. Bajaj Auto: Down 2.20% to ₹4,333.20
Sectoral Performance
Here’s a look at the sectoral performance today:
– Banking: Up 1.15%
– Finance: Up 0.80%
– IT: Down 0.50%
– Auto: Down 1.20%
– Pharma: Down 0.80%
Market Outlook
The Indian stock market is expected to remain volatile in the coming sessions, driven by global cues and domestic economic data. Investors are advised to remain cautious and keep a close eye on market developments.
