The domestic stock market opened with a huge fall on Monday, but saw a strong recovery in the last hours of trading. The Sensex jumped nearly 1,100 points from its intraday low. Nifty also reached back around 23,880; However, despite this recovery, the market ultimately closed under pressure.
Sensex fell 702 points to close at 76,847, while Nifty 50 fell 208 points to 23,842. Weakness was also clearly visible in the banking sector, Nifty Bank index fell 307 points and closed at 55,605. Mid-cap and small-cap stocks also witnessed a slight decline; The Nifty MidSelect index fell nearly 1%, while the small-cap index showed limited weakness.
Which stocks fell, and which rose?
The pressure was clearly visible in the big stocks (heavyweight stocks) of Nifty 50 index. Shares like Eicher Motors, Maruti Suzuki, InterGlobe Aviation and Bajaj Finance closed down, putting pressure on the index. On the contrary, buying trend was seen in stocks like HDFC Life, ICICI Bank, Adani Enterprises and NTPC, which supported the overall market to some extent. In today’s trading session, the auto index fell 2%. Apart from this, there was special pressure on the banking sector, in which shares like City Union Bank, Union Bank of India, IDFC First Bank and Bank of India saw a decline. However, stocks related to green energy saw a tremendous rise. There was a sudden increase in buying in this sector after the price of Brent crude oil increased by about 8%. Shares like NTPC Green Energy, ACME Solar, Waaree Renewable and Inox Green Energy showed tremendous strength.
Many stocks witnessed major price fluctuations due to special news. Shares of Enviro Infra surged nearly 14% after it received an order worth ₹972 crore. Shares of Atul Auto rose 11%, which shows the positive impact of Delhi’s EV policy. Shares of Puravankara Ltd rose 8%, while Tata Chemicals also saw a rise of about 6%. On the other hand, many stocks recorded huge decline. Shares like Jyoti CNC Automation, Ola Electric, Afcons Infra and Cohance Lifesciences were among the biggest losers. Top gainers today included New India Assurance, Inox India, Zydus Wellness and AstraZeneca, all of which saw strong buying.
