Sectoral action was mixed. Large-cap IT counters drew early interest ahead of Tata Consultancy Services’ (TCS) earnings on Wednesday, gaining 1-3%. Metal stocks largely retained gains, led by Nalco and Hind Copper, while auto stocks fell following disappointing sales updates.
Tata Motors slipped over 2% after JLR reported Q2 wholesales down 24%, and Samvardhana Motherson dropped more than 2% after BMW issued a profit warning. M&M was the top auto laggard, down nearly 2%.
Banking stocks were influenced by RBI’s draft norms on related-party lending. SBI Card and RBL Bank rose 2-5%, whereas Bandhan Bank and several PSU banks declined.Titan emerged as the top Nifty gainer, surging over 4% on a strong Q2 earnings update.
Consumer names such as Godrej Consumer Products fell 3% after reporting low single-digit volume growth.
In the healthcare space, stocks extended gains, with Yatharth Hospitals up over 9% and Fortis Healthcare rising 2%.
Real estate and gold-related stocks also saw selective buying, as Anant Raj slipped 5% amid reports of a discounted QIP price, while Bluestone, Sky Gold, and Thangamayil rose up to 5%.
Among midcaps, Kaynes Technology, Uno Minda, Oberoi Realty, Titagarh Wagons, and Zee Entertainment were the biggest decliners.
