The Indian equity markets faced a challenging start to the week as the Nifty 50 retreated by 0.54%, closing at 23021.70. The Nifty Bank index also tracked lower, shedding 0.49% amid a broad-based decline in financial services.
Top Gainers
| Company | Price | Change% |
|---|---|---|
| Eicher Motors | 7398.5 | +1.56 |
| Ultratech Cement | 11077 | +1.56 |
| Adani Ports | 1775.6 | +1.42 |
| ONGC | 225 | +1.35 |
| Maruti Suzuki | 11620 | +1.14 |
The gainers list was dominated by the auto and industrial sectors. Eicher Motors and Maruti Suzuki saw gains following company business updates. Ultratech Cement outperformed after announcing it reached a new milestone in green energy capacity for captive use. Additionally, Adani Ports moved higher following the incorporation of a new wholly owned subsidiary to handle operations at Paradip Port.
Top Losers
| Company | Price | Change% |
|---|---|---|
| Axis Bank | 1241.4 | -3.77 |
| HDFC Bank | 714 | -2.04 |
| Infosys | 1138.4 | -1.96 |
| HDFC Life | 543.2 | -1.77 |
| Hindustan Unilever | 1862.3 | -1.66 |
Private sector banks faced the brunt of the selling pressure today, with Axis Bank, HDFC Bank, and Kotak Mahindra Bank all featuring among the top losers. The broader market sentiment remained cautious as IT and consumer goods stocks also saw notable declines during the session.
The divergence between the industrial-led gains and the weakness in financial services reflects a cautious sentiment currently weighing on the Nifty index.