Sensex Today | Stock Market Highlights: The benchmark index slipped 37 points to close at 22,083, while the Sensex shed 96 points, settling at 72,990. Despite the overall weakness, broader markets showed resilience, with the midcap index managing to end with minor gains. Nifty Bank outperformed the benchmark index, closing in the green, supported by gains in SBI and HDFC Bank. The index climbed 131 points to finish at 48,245, while the midcap index also posted a modest increase of 24 points, ending at 48,008.
Sensex Today | Stock Market Highlights: The Indian stock market extended its losing streak, with the Nifty falling for the tenth consecutive session, marking its longest losing streak on record. Oil marketing companies (OMCs) saw buying interest following a decline in crude oil prices, with stocks rallying 3-4%. Defence and railway stocks also witnessed gains, with Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL) emerging as top performers in the segment.The auto sector continued its underperformance, with three of the top Nifty losers belonging to the sector. Bajaj Auto and Hero MotoCorp hit fresh 52-week lows, falling 5% and 3%, respectively. Meanwhile, India Cements stood out as one of the top midcap gainers, rising 15% in trade.
Food delivery and tech stocks gained traction as Swiggy and Zomato moved higher, buoyed by a positive brokerage note, rising between 2-7%. However, selling pressure persisted in midcap IT stocks, with LTIMindtree, Persistent Systems, and Oracle Financial Services Software (OFSS) among the top losers in the space.
