Sensex and Nifty Rise, Devyani Intl, Delta Corp, IRFC Surge Up to 7%

The 30-share BSE Sensex increased by 56 points or 0.08%, reaching a level of 71,371. Simultaneously, the broader NSE Nifty saw a gain of 13 points or 0.06%, reaching 21,432. Additionally, mid- and small-cap shares showed positive momentum, with Nifty Midcap 100 rising by 0.15%, and small-cap shares gaining 0.27%.

This information indicates a generally positive trend in both large-cap and broader market indices, reflecting optimism in the stock market.

SUMMARY

1. In terms of individual stocks, Nestle India emerged as the top gainer in the Nifty pack, experiencing a notable jump of 1.60%.

This suggests that Nestle India’s stock price showed positive momentum during the mentioned trading period.

2. During the mentioned trading period, several prominent stocks exhibited gains:

1. Apollo Hospitals: The stock of Apollo Hospitals saw an increase, gaining up to 1.52%.
2. ONGC (Oil and Natural Gas Corporation): ONGC shares experienced a rise, gaining up to 1.52%.
3. Coal India: Coal India’s stock also showed positive movement, with gains of up to 1.52%.
4. Reliance Industries: The stock of Reliance Industries, a major conglomerate, gained up to 1.52%.

3.

On the flip side, certain stocks faced declines during the mentioned trading period:

1. Hero MotoCorp: The stock of Hero MotoCorp, a major two-wheeler manufacturer, lagged in performance.
2. TCS (Tata Consultancy Services): TCS, a leading IT services company, also experienced a decline.
3. M&M (Mahindra & Mahindra): M&M, a notable automotive and farm equipment manufacturer, was among the top laggards.
4. Bajaj Auto: The stock of Bajaj Auto, a prominent two-wheeler and three-wheeler manufacturer, faced a decline.
5. Eicher Motors: Eicher Motors, known for its Royal Enfield motorcycles, was also among the top laggards.

In Tuesday’s early trading, Indian equity benchmarks showed upward movement, driven by gains in several sectors.

Here are the key points:

1. BSE Sensex and NSE Nifty: The 30-share BSE Sensex rose by 56 points or 0.08% to reach 71,371. Simultaneously, the broader NSE Nifty gained 13 points or 0.06%, reaching 21,432.
2. Sectoral Gains: Gains were led by sectors such as energy, consumer, pharma, and state-owned banks. These sectors contributed to the positive momentum in the market.
3. Mid- and Small-cap Performance: Mid-cap shares, represented by Nifty Midcap 100, saw an increase of 0.15%. Small-cap shares also showed positive movement, gaining 0.27%. This indicates a broad-based positive sentiment across different market segments.
4. India VIX: The fear index, India VIX, fell by 0.52% to reach the 13.83 level. A decrease in the volatility index suggests a relatively lower level of market uncertainty or fear.

Asian markets gain, mirroring the overnight surge in Wall Street equities.

In the domestic market, foreign institutional investors (FIIs) were net sellers, offloading Rs 33.51 crore, while domestic institutional investors (DIIs) purchased shares worth Rs 413.88 crore in the previous session.

In the NSE, eight out of the 15 sector gauges were in positive territory. Notable outperformers included Nifty Oil & Gas, Nifty FMCG, Nifty Consumer Durables, Nifty Pharma, and Nifty PSU Bank, posting gains of up to 0.94%, 0.43%, 0.30%, 0.43%, and 0.48%, respectively.

Conversely, Nifty IT and Nifty Media experienced declines of 0.44% and 0.67%, respectively.

Top gainers in the Nifty pack included Nestle India, leading with a 1.60% jump, trading at Rs 24,742.9. Other notable gainers were Apollo Hospitals, ONGC, Coal India, and Reliance Industries, each gaining up to 1.52%.

Conversely, top laggards in the market included Hero MotoCorp, TCS, M&M, Bajaj Auto, and Eicher Motors.

The overall market breadth remained positive on BSE, with 1,877 shares advancing while 714 were declining.

On the 30-share BSE index, top gainers included Reliance, ITC, Axis Bank, Infosys, L&T, and Nestle India.

Devyani International, Delta Corp, IRFC, Apollo Tyres, and PNC Infra surged up to 6.76 per cent. On the flip side, Zee Entertainment, Max Health, Mastek, Tube Investments of India, Jindal Stainless, KRBL, and Jubilant Pharmova experienced declines of up to 3.40 per cent.