The BSE Sensex dropped 105.79 points or 0.13%, closing at 80,004.06, after swinging between 80,482.36 and 79,798.67 during the session. Similarly, the NSE Nifty50 slid by 27.40 points or 0.11% to settle at 24,194.50, after touching an intraday high of 24,343.30.
The small-cap stocks outperformed, with the Nifty Smallcap100 index rising by 0.82%, while the Nifty Midcap 100 index remained flat.
Impact on the stock market
Sectoral performance painted a mixed picture:
- Nifty IT, FMCG, and Media indices led the gains, buoyed by strong buying.
- On the other hand, indices such as Auto, Pharma, Healthcare, and Oil Marketing Companies (OMCs) closed in the red.
You may also like: Avoid These Money Mistakes Before You Retire
| Sector/Index | Performance |
| IT & BPM sector | 1.07% |
| Healthcare sector | -0.62% |
| Oil & Gas sector | -0.50% |
| Real estate sector | 0.06% |
| PSU Bank in India | 0.16% |
Top gainers today
| Company | Price | Change % |
| Shriram Finance Share Price | 3,046.35 | 3.34 |
| Britannia Share Price | 5,013.60 | 2.24 |
| Bharat Elec Share Price | 297.90 | 1.90 |
| Asian Paints Share Price | 2,505.00 | 1.84 |
| Infosys Share Price | 1,924.15 | 1.82 |
Top losers today
| Company | Price | Change % |
| Adani Enterpris Share Price | 2,150.50 | -4.74 |
| Adani Ports Share Price | 1,128.85 | -3.25 |
| Bajaj Auto Share Price | 9,137.45 | -3.01 |
| UltraTechCement Share Price | 11,121.05 | -2.94 |
| Sun Pharma Share Price | 1,761.60 | -2.07 |
Market aftermath: Impact on stocks
Angel One rises on SEBI licence approval
Angel One Ltd made headlines after its wholly-owned subsidiary received approval from SEBI to commence its mutual fund business. The company announced plans to focus on passive investment solutions like Index Funds and ETFs, offering low-cost, transparent, and accessible investment opportunities.
The announcement sparked a 4% rally in Angel One shares, which traded at ₹2,911.20 by the day’s close, boosting its market capitalisation to ₹26,270 crore.
Triveni Turbine soars to record highs
Triveni Turbine shares surged by 16% during the session to hit a record high of ₹885, marking a stunning 27.5% gain in two sessions. The stock’s performance was powered by strong buying activity and a sharp rise in trading volumes—three crore shares changed hands, a massive increase from the one-month daily average of 25 lakh shares.
The bullish sentiment stems from Triveni Turbine’s exceptional Q2 performance, featuring record-high quarterly revenue, EBITDA, and a robust order book. The company’s promising growth prospects continue to attract investor attention.
Also Read: Triveni Turbine Ltd: Fundamental Analysis
Tata Teleservices climbs on telecom sector boost
Shares of Tata Teleservices (Maharashtra) soared by over 13%, its biggest intraday gain in three months. The rally was supported by heavy trading volumes—five crore shares traded on the exchanges, a dramatic leap from the monthly average of 32 lakh shares.
The uptrend in Tata Teleservices was catalysed by positive sectoral developments, including the Union Cabinet’s approval of a bank guarantee waiver for telecom operators and the Supreme Court’s recent decision allowing telcos to claim Cenvat credits on key infrastructure materials. Over the past three sessions, the stock has clocked an impressive 17% gain.
Crude oil: Geopolitical tensions drive prices
Crude oil prices rise amid geopolitical tensions
Crude oil prices saw an uptick, driven by escalating tensions between Russia and Ukraine. December crude oil futures on the Multi Commodity Exchange (MCX) were trading at ₹5,844, up 0.31% from the previous close. Similarly, Brent oil futures for February rose by 0.29% to $72.69, while WTI crude oil futures for January increased by 0.36% to $69.19.
The rise in oil prices reflects market fears over potential supply disruptions, as Russia is a major global oil producer. However, oil gains were capped by a stronger US dollar and ceasefire talks between Israel and Hezbollah, which eased concerns over disruptions in the West Asia region.
Conclusion
The Indian stock market wrapped up the day on a cautious note, with benchmark indices slipping into the red despite notable gains in specific stocks like Angel One, Triveni Turbine, and Tata Teleservices. While small-cap stocks outperformed, broader market sentiment was mixed due to sectoral divergences and global uncertainties, such as escalating geopolitical tensions impacting crude oil prices.
As markets navigate these complexities, investors remain watchful of corporate updates, policy changes, and global cues. Keep following StockGro for more insights into daily market movements and trends!For more stock market insights, check out the StockGro blog.
