Sensex Dips 0.31% Despite Muthoot Finance Soaring 9.15% Amid Mixed Market Conditions
The Indian stock market showed mixed results, with the Sensex down 263.48 points at 84,215.19, remaining below its 52-week high. Small-cap stocks demonstrated strength, as evidenced by a 0.18% gain in the BSE Small Cap index. Muthoot Finance and Bajaj Holdings were standout performers, rising 9.15% and 4.75%, respectively, while Expleo Solutions surged 14.49%. However, the market faced pressure from declines in major stocks like Infosys and Premier Energies. The advance-decline ratio indicated a challenging environment, particularly for the IT sector, which fell 1.70%.
The Indian stock market experienced a mixed day of trading, with the Sensex opening at 84,060.14 and currently trading at 84,215.19, reflecting a loss of 263.48 points or 0.31%. The index remains 1.28% shy of its 52-week high of 85,290.06. Despite the overall decline, small-cap stocks showed resilience, with the BSE Small Cap index gaining 0.18%.Among the top performers, Muthoot Finance led the mid-cap segment with a notable increase of 9.15%, while Bajaj Holdings emerged as the top large-cap gainer, rising by 4.75%. In the small-cap category, Expleo Solutions surged by 14.49%. Conversely, the market faced pressure from several notable losers, including Infosys, which fell by 3.06%, and Premier Energies, down 5.08%. Allcargo Terminals experienced a significant drop of 13.87%.
The advance-decline ratio across the BSE500 reflected a challenging environment, with 209 stocks advancing against 288 declining. Among sectors, the BSE IT sector was the biggest loser, declining by 1.70%, while the NIFTYCPSE sector gained 0.82%.
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