Stock Market Today: Today’s situation in the stock market was like this, Sensex and Nifty closed flat, while midcap and smallcap indices saw marginal gains. There was mild buying in metal, oil-gas, and energy stocks, while pressure remained in the auto and banking sectors. Sensex closed down 12.16 points or 0.02 per cent at 80,424.68 and Nifty closed down 31.50 points or 0.13 per cent at 24,572.65.
Today’s major stocks
- Genus Power Infrastructure: Today this stock hit a 5 percent circuit. The company’s subsidiary has received three Letters of Award (LoA) worth Rs 2,925 crore.
- Caplin Point Laboratories: The stock jumped 15 per cent. Brazil’s Health Regulatory Agency has completed the investigation of the company’s plant in Tamil Nadu.
- DCX Systems: Closed with an upper circuit of 5 per cent. The company has received orders worth Rs 107 crore.
- Hindustan Zinc: Declined 4.8 per cent as Vedanta sold its stake through OFS.
- Voltas: Closed with a gain of 5 per cent after three days of decline. Brokerage firms have given mixed views.
- Ola Electric Mobility: Closed with a gain of 10 per cent for the third consecutive day. The stock value has doubled from the issue price.
- Shriram Finance: Closed with a gain of 3.5 per cent. HSBC has given a ‘buy’ rating on the stock and has a target of Rs 3,600.
Top Gainers and Top Losers
Top Gainers:
- Caplin Point Laboratories: 15% gain
- Ola Electric Mobility: 10% gain
- Genus Power Infrastructure: 5% gain
Top Losers:
- Hindustan Zinc: 4.8% decline
- Nifty Auto Index: 0.9% decline
Sectoral Performance
Metal, oil-gas, and energy stocks gained in the Indian market, while auto and banking stocks remained under pressure. Midcap and smallcap indices gained, while Sensex and Nifty closed flat.
Global Market Conditions
The global market has seen volatility recently, especially in the US market where economic data and central bank policies continue to impact. Mixed trends also prevail in Asian and European markets, which also affected the Indian market.