The Nifty 50 closed at 22,393.30, down 0.56% on Monday. Auto stocks led the gainers while banking and IT shares faced significant selling pressure today.
The Indian equity markets faced a challenging start to the week as the Nifty 50 index retreated by 0.56% to settle at 22,393.30. The Nifty Bank index also mirrored this downward trend, declining by 0.86% amid broader market uncertainty.
Top Gainers
| Company | Price | Change% |
|---|---|---|
| Bajaj Auto | ₹10060 | +2.88% |
| Dr. Reddy’s | ₹1228.2 | +2.61% |
| M&M | ₹2837.7 | +1.48% |
| Eicher Motors | ₹7121 | +1.01% |
| BSE Ltd. | ₹3319.6 | +0.99% |
The auto sector dominated the top gainers list, with Bajaj Auto, Mahindra & Mahindra, and Eicher Motors showing resilience. Bajaj Auto shares rose following reports of increased export volumes, while Mahindra & Mahindra saw positive sentiment driven by its trucks and buses business performance. Dr. Reddy’s Laboratories also gained ground after announcing the launch of NIVORZ to bolster its oncology portfolio.
Top Losers
| Company | Price | Change% |
|---|---|---|
| Tech Mahindra | ₹1467 | −3.11% |
| ITC Ltd. | ₹259.15 | −2.58% |
| SBI | ₹940 | −1.99% |
| Bharti Airtel | ₹1775 | −1.67% |
| NTPC | ₹306.9 | −1.63% |
Selling pressure was widespread across heavyweights, with Tech Mahindra leading the decline among losers. Banking majors including State Bank of India and ICICI Bank also saw notable pullbacks, contributing to the weakness in the Nifty Bank index. The overall market sentiment remains cautious as investors rotate out of large-cap financial and IT stocks.
