The broader midcap index lost 154 points to 56,325, but relatively outperformed the headline indices, with market breadth finishing neutral.
Among individual movers, Alkem Laboratories surged as much as 7% after its June-quarter earnings beat estimates. Granules India jumped over 3% despite posting subdued Q1 results, while Hindustan Aeronautics Ltd (HAL) ended off the day’s highs after reporting operating numbers ahead of expectations.SJVN, Jindal Stainless (JSL), Biocon and India Cements were among the top midcap gainers.
On the downside, Astral slid more than 8% on a weaker-than-expected quarter, with Supreme Industries also finishing lower. Muthoot Finance fell nearly 3% ahead of its earnings release.
Rail Vikas Nigam Ltd (RVNL) slumped almost 5% after reporting a 400-basis-point drop in operating margins from a year earlier. Jayaswal Neco Industries jumped 14% after repaying its debentures in full ahead of schedule.
