Stock Market Highlights: Sensex, Nifty 50 close in the red but sharply off lows as banks see major recovery
Sensex Today | Stock Market Highlights: Despite the overall weakness, banking stocks staged a strong recovery, lifting the Nifty Bank index by 225 points to 55,510. PSU banks drew significant buying interest, with SBI, Canara Bank, and Union Bank among the top gainers. Metal stocks also recovered sharply, with the sectoral index rising around 1%, while autos, particularly four-wheelers, gained on strong sales during the first day of Navratri.
Sensex Today | Stock Market Highlights: Indian equity markets ended in the red on Tuesday, with the Sensex falling 58 points to 82,102 and the Nifty slipping 33 points to 25,170. Midcap stocks lagged, keeping market breadth in favour of declines, with the midcap index dropping 203 points to 58,497. IT shares remained under pressure, led by Tech Mahindra, Coforge, and Mphasis.
Consumption plays faced selling pressure, as Trent, HUL, and Nestle fell, while insurance stocks moved in mixed fashion, with SBI Life and HDFC Life slipping and Max Financial rising. Adani group shares saw profit booking, with Adani Total down 7%, while Vodafone Idea rose 4% ahead of the September 26 AGR plea hearing in the Supreme Court.
Other notable movers included oil marketing companies, with BPCL and HPCL advancing on crude price trends. Emkay Global surged 20% on a stake acquisition by Kirti Doshi, GMDC extended gains, rising 56% this month, and KEC International climbed over 2% following international transmission and distribution order wins. Hindustan Construction jumped 3% after securing ₹2,566 crore in Patna Metro contracts.