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Market wrap: Sensex falls 250 points, Nifty closes below 23,900 on monthly expiry day
Indian equities ended lower for the second straight session as benchmarks slipped on expiry-day volatility, though broader markets advanced. IT stocks led declines amid rate worries, while auto and consumption names gained. Analysts expect sectoral rotation ahead of earnings, with banking, healthcare and power seen as resilient drivers of performance.
Stitching together growth: Modenik bets on legacy brands in India's innerwear battle
The strategy comes as India's innerwear market, particularly women's lingerie, has become one of the country's most fiercely contested apparel categories, with established retailers and digital-first brands vying for market share.
Wockhardt Ltd slips for fifth straight session
Wockhardt Ltd is quoting at Rs 1936.7, down 0.67% on the day as on 13:19 IST on the NSE. The stock jumped 87.69% in last one year as compared to a 6.32% slide in NIFTY and a 15.05% spurt in the Nifty Pharma index.
Adani Power Ltd eases for fifth straight session
Adani Power Ltd is quoting at Rs 222, down 2.22% on the day as on 13:19 IST on the NSE. The stock jumped 87.69% in last one year as compared to a 6.32% slide in NIFTY and a 8.74% spurt in the Nifty Energy index.
Jaiprakash Power Ventures Ltd down for fifth straight session
Jaiprakash Power Ventures Ltd is quoting at Rs 17.67, down 0.79% on the day as on 13:19 IST on the NSE. The stock tumbled 5.24% in last one year as compared to a 6.32% slide in NIFTY and a 8.74% spurt in the Nifty Energy index.
Tata Power Company Ltd eases for fifth straight session
Tata Power Company Ltd is quoting at Rs 385.25, down 0.32% on the day as on 13:19 IST on the NSE. The stock tumbled 5.24% in last one year as compared to a 6.32% slide in NIFTY and a 8.74% spurt in the Nifty Energy index.
Hero MotoCorp Ltd slips for fifth straight session
Hero MotoCorp Ltd is quoting at Rs 4791.7, down 0.45% on the day as on 13:19 IST on the NSE. The stock jumped 13.39% in last one year as compared to a 6.32% slide in NIFTY and a 11.48% spurt in the Nifty Auto index.
Tube Investments of India Ltd slips for fifth straight session
Tube Investments of India Ltd is quoting at Rs 3017.2, down 0.17% on the day as on 13:19 IST on the NSE. The stock tumbled 2.26% in last one year as compared to a 6.32% slide in NIFTY and a 11.48% spurt in the Nifty Auto index.
Canara Bank eases for fifth straight session
Canara Bank is quoting at Rs 124.79, down 0.85% on the day as on 13:19 IST on the NSE. The stock jumped 8.12% in last one year as compared to a 6.32% slide in NIFTY and a 0.31% spurt in the Nifty Bank index.
Union Bank of India down for fifth straight session
Union Bank of India is quoting at Rs 173.2, down 0.78% on the day as on 13:19 IST on the NSE. The stock jumped 12% in last one year as compared to a 6.32% slide in NIFTY and a 0.31% spurt in the Nifty Bank index.
Shriram Finance Ltd gains for fifth session
Shriram Finance Ltd is quoting at Rs 1046.55, up 1.35% on the day as on 12:44 IST on the NSE. The stock is up 50.27% in last one year as compared to a 6.23% fall in NIFTY and a 1.7% fall in the Nifty Financial Services.
Jyotivardhan Jaipuria stays overweight on banks and pharma, avoids large IT for now
Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors, remains positive on banks, citing strong credit growth, improving net interest margins and attractive valuations despite recent senior management changes across private lenders. He also continues to favour pharma, particularly US generics and CDMOs, on easing pricing pressure and China-plus-one opportunities. Jaipuria stays underweight on large IT, saying acquisitions may take time to deliver, while preferring select auto ancillaries with domestic, EV, defence and aerospace exposure.