Stock Market Today: Nifty Dips Under 24,500, Financial Services Index Drops 1%
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The Indian stock market closed Tuesday on a cautious note, with major indices ending lower amid mixed investor sentiment. The Sensex slipped 0.44% to close at 80,252.75, while the Nifty dropped 0.4% to 24,487.40. The banking index, Nifty Bank, also followed the downward trend, falling 0.84% to end at 55,043.70.
Stocks that shined
Despite the broader market decline, several key stocks managed to hold their ground and post gains. Maruti Suzuki, Tech Mahindra, Mahindra & Mahindra, NTPC, and Tata Steel were among the top performers, boosting some optimism in the session.
Names under pressure
On the flip side, heavyweight stocks like Bajaj Finance, Trent, Hindustan Unilever, and HDFC Bank came under selling pressure, dragging the indices lower throughout the day.
Midday market highlights
Midway through the session, some stocks caught investors’ attention with notable moves. Tyre manufacturer MRF recovered slightly after falling to session lows, following its June quarter report which showed a 14% drop in net profit to Rs 484 crore compared to the previous year. PN Gadgil Jewellers gained nearly 6% on strong quarterly earnings, with net profit nearly doubling year-on-year to Rs 69.3 crore.
In contrast, shares of Action Construction Equipment fell sharply, tumbling up to 12% after the company reported lower sequential revenue and profit. Astral’s stock dropped 8% after a steep 32.6% year-on-year fall in consolidated profit for the first quarter of FY26. Titagarh Rail Systems bucked the trend, climbing 5.2% to an intraday peak of Rs 818, despite a 54% year-on-year plunge in net profit.
Sector-wise performance
Certain sectors demonstrated resilience amid the cautious mood. Aquaculture led the pack, with market capitalization rising 2.48%. The Automobiles sector also showed strength, rising 0.83%, closely followed by the Transport sector, which gained 0.74%. The Beverages - Non-Alcoholic segment saw a modest increase of 0.71%.
To sum up, Tuesday’s trading session was marked by a cautious market mood, with key indices ending lower. However, selective stocks and sectors showed positive momentum, reflecting a mixed market environment as investors digest recent earnings and economic data.
Stocks that shined
Despite the broader market decline, several key stocks managed to hold their ground and post gains. Maruti Suzuki, Tech Mahindra, Mahindra & Mahindra, NTPC, and Tata Steel were among the top performers, boosting some optimism in the session. Names under pressure
On the flip side, heavyweight stocks like Bajaj Finance, Trent, Hindustan Unilever, and HDFC Bank came under selling pressure, dragging the indices lower throughout the day.Midday market highlights
Midway through the session, some stocks caught investors’ attention with notable moves. Tyre manufacturer MRF recovered slightly after falling to session lows, following its June quarter report which showed a 14% drop in net profit to Rs 484 crore compared to the previous year. PN Gadgil Jewellers gained nearly 6% on strong quarterly earnings, with net profit nearly doubling year-on-year to Rs 69.3 crore. In contrast, shares of Action Construction Equipment fell sharply, tumbling up to 12% after the company reported lower sequential revenue and profit. Astral’s stock dropped 8% after a steep 32.6% year-on-year fall in consolidated profit for the first quarter of FY26. Titagarh Rail Systems bucked the trend, climbing 5.2% to an intraday peak of Rs 818, despite a 54% year-on-year plunge in net profit.
Sector-wise performance
Certain sectors demonstrated resilience amid the cautious mood. Aquaculture led the pack, with market capitalization rising 2.48%. The Automobiles sector also showed strength, rising 0.83%, closely followed by the Transport sector, which gained 0.74%. The Beverages - Non-Alcoholic segment saw a modest increase of 0.71%. To sum up, Tuesday’s trading session was marked by a cautious market mood, with key indices ending lower. However, selective stocks and sectors showed positive momentum, reflecting a mixed market environment as investors digest recent earnings and economic data.
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