Mumbai
Indian stock markets ended with minor losses due to pressure from heavyweights like Reliance Industries and HDFC Bank. The Sensex fell by 33 points to 84,266, while Nifty dropped 13 points to 25,796.
Despite the decline, midcap and smallcap stocks performed well. The Nifty Midcap 100 index rose by 204 points to 60,358, a 0.34% increase, and the Nifty Smallcap 100 index gained 151 points to close at 19,331, up 0.79%.
Overall market sentiment remained positive, with 2,308 stocks advancing on the Bombay Stock Exchange (BSE), 1,655 declining, and 91 remaining unchanged. Sectors such as auto, IT, PSU banks, pharmaceuticals, metals, and media saw notable gains, while financial services, FMCG, realty, energy, private banks, and PSE lagged.
Top gainers on the Sensex included Tech Mahindra, M&M, Kotak Mahindra Bank, Infosys, and SBI. In contrast, IndusInd Bank, Reliance, Tata Motors, Tata Steel, and L&T were among the biggest losers.
According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty formed a Doji pattern, indicating market indecision. He pointed out strong resistance at 25,800 due to heavy call writing. Immediate support is seen at 25,750, with a potential drop to 25,600 or 25,500 if broken.
Gold prices also saw positive movement, with MCX prices up by ₹300, reaching ₹75,890 per 10 grams, while Comex gold rose by $15 to trade near $2,649 per ounce.
