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LIVE: Nifty fails to hold 24,000; metals outperform | Closing Bell
Markets ended lower, snapping a two-day winning streak, with benchmark indices pressured by weakness in financials and select heavyweight stocks. The Sensex declined over 300 points, while the Nifty failed to hold above the crucial 24,000 mark. Market breadth remained weak, with decliners outnumbering advancers by nearly two-to-one on the BSE, reflecting broad-based selling. Investor caution was also evident as the India VIX climbed around 5%, indicating a pickup in volatility expectations. On the sectoral front, pharma and metal stocks bucked the trend, with the Metal index snapping a three-session losing streak. Banking stocks remained under pressure, dragging the Bank Nifty below the 58,000 mark. Among the Nifty 50 gainers, Dr Reddy's, Max Healthcare and Trent led the advances, while Kotak Mahindra Bank, Mahindra & Mahindra and IndiGo were among the biggest losers of the session.
Taking Stock: Bulls back in action; Nifty closes above 24,100, Sensex gains 291 pts
More than 200 stocks touched their 52-week high on the BSE, including Kirloskar Oil, Aegis Logistics, New India Assurance, GNFC, HFCL, Aditya Birla Sun Life AMC, Belrise Industries, AIA Engineering, Aditya Birla Capital, Sona BLW, Syrma SGS, Leela Palaces, Cemindia Projects, RBL Bank, Bharat Forge, among others.
Taking Stock: Bull run on D-Street; Sensex jumps 1,074 pts, Nifty reclaims 24,000
Nearly 150 stocks touched their 52-week high on the BSE, including HFCL, Torrent Pharma, JB Chemicals, Angel One, Vodafone Idea, Polycab, Navin Fluorine, Manappuram Finance, Anand Rathi, KEI Industries, GE Vernova TD, Apollo Hospitals, Gland Pharma, Varun Beverages, Bajaj Auto, Timken, Hindalco Industries, among others.