Nifty Ends Higher for 4th Day; Auto Index Jumps 3% While IT Slips 1%

Market Update at 4:00 PM: The benchmark Indian equity indices managed to close in the green on Monday, despite giving up most of their early gains. The BSE Sensex touched an intra-day high of 81,171.38 before settling at 80,787.30, higher by 76.54 points or 0.09 per cent.

The Nifty 50 also ended higher at 24,773.15, adding 32.15 points or 0.13 per cent. During the session, the index traded between 24,885.50 and 24,751.55.

Broader markets witnessed mixed performance. The Nifty Midcap 100 index closed with gains of 0.50 per cent, while the Nifty Smallcap 100 index added 0.16 per cent. Market participants closely tracked Mid-Cap and Small-Cap movements as these segments continue to attract retail investors, especially in sectors linked to auto and manufacturing.

Auto stocks outperformed the broader market. The Nifty Auto index surged 3.30 per cent, driven by gains in Bharat Forge, Ashok Leyland, Motherson Sumi, and Tata Motors. Investors continue to track auto earnings and Quarterly Results as the sector remains a key driver for Large-Cap and mid-cap movements.

In contrast, the Nifty IT index was a laggard, slipping 0.94 per cent. Persistent Systems, LTIMindtree, and Tech Mahindra were among the Top Losers, reflecting weakness in the technology sector ahead of upcoming global cues.

Market breadth remained positive, with 1,749 out of 3,144 traded stocks on the NSE ending higher, while 1,285 declined and 110 remained unchanged. Meanwhile, 114 stocks hit their 52-week highs, signaling strength in selective counters that have delivered multibagger returns, while 50 stocks touched their 52-week lows.

The total market capitalisation of NSE-listed companies stood at USD 5.07 trillion, highlighting continued investor participation across large-cap and small-cap segments.

Market Update at 12:45 PM: Indian stock markets extended their rally on Monday, marking the fourth consecutive session of gains, supported by buying in auto and metal stocks.

As of 12 PM, the benchmark BSE Sensex stood at 80,961.01, up 250.25 points or 0.31 per cent, while the Nifty50 index was at 24,826.70, gaining 85.60 points or 0.34 per cent.

In the Sensex pack, Mahindra & Mahindra, Tata Motors, Adani Ports, Tata Steel, Maruti Suzuki and UltraTech Cement were among the Top Gainers, rising up to 3.5 per cent. On the other hand, Tech Mahindra, TCS, Asian Paints, Infosys and Power Grid dragged the index lower.

Broader market indices also traded in the green, with the Nifty MidCap index advancing 0.82 per cent and the Nifty SmallCap index adding 0.52 per cent. The outperformance of mid-cap and small-cap stocks has drawn investor attention, with many market participants keeping a close watch for potential multibagger opportunities.

Sector-wise, the Nifty Auto index surged 2.8 per cent, followed by the Nifty Metal and Nifty Realty indices, which rose 1 per cent each. On the downside, Nifty IT, Healthcare and Consumer Durables indices were under pressure.

Market Update at 9:40 AM: Indian stock markets were trading higher at open today, backed by buying in JSW Steel, Tata Steel, Tata Motors, M&M, Wipro, Adani Enterprises, and Eicher Motors. 

The benchmark BSE Sensex index was at 80,926, up 216 points or 0.27 per cent, and the Nifty50 index was at 24,802, rising 61 points or 0.25 per cent in early deals. 

In the broader markets, the Nifty MidCap index gained 0.4 per cent and the Nifty SmallCap index added 0.35 per cent. 

Among sectors, the Nifty Metal index rallied 1.25 per cent, followed by the Nifty Auto index (0.75 per cent), and the Nifty Realty index (0.77 per cent). On the downside, the Nifty Pharma index fell 0.4 per cent.