Closing Bell: Sensex, Nifty fizzle from day’s high; auto shares continue rally; Trent among top laggards
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The Indian benchmark indices closed marginally higher in today’s session, after investor sentiment fizzled from the day’s high. The BSE Sensex closed at 80,787.30, rising by 76.54 points, whereas the NSE Nifty ended at 24,773.15, rising by 0.13%. Sensex and Nifty both recorded intraday highs of 81,171.38 and 24,885.50 respectively.
Auto stocks such as, Tata Motors, Bajaj Auto and Mahindra and Mahindra lead charge in carrying forward the indices. Tata Motors advanced by 4.25%, Bajaj Auto by 4.08% and M&M by 4%. Mahindra’s share price hit a new 52-week high today, of Rs 3,715.20 apiece.
Tata Steel too hit a new 52-day high of Rs 172, though the steel stock, along with JSW Steel lost their sheen during intraday trade. JSW Steel closed 3.31% above previous closing, while Tata Steel was marginally up by 0.70%, as the stock pared with gains through profit booking.
Trent was the major laggard to drag the index down, dipping sharply by 3.99%, with shares now priced at Rs 5,308 apiece. Asian Paints and Dr Reddy’s Laboratories followed suit, each declining by 1.74% and 1.35% respectively.
Broader indices too reflected the benchmark indices’ performance, with Nifty Midcap 50 and Nifty Smallcap 50 closing 0.44% and 0.25% respectively.
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Amongst sectoral indices, Nifty Auto continues its zoom past its peers by 3.30%, with Bharat Forge seeing a steep rise of 5.81%, with Ashok Leyland and Samvardhana Motherson rising by up to 5%. Nifty IT continues to dwindle for another session, declining by 0.94%. IT companies, since they earn most of their revenue from the US, the new US data about weakened job markets have affected the tech shares negatively.
Amongst individual stocks, SpiceJet declined by 3% after posting a consolidated net loss of ₹234 crore in Q1 FY26, compared with a net profit of ₹158 crore in the year-ago period, weighed down by costs linked to grounded aircraft and expenses incurred to bring them back into services.
Adani Power closed 4.31% higher in today's session after the company announced that it signed a shareholders' agreement with Druk Green Power to set up a 570 MW hydroelectric project at Wangchhu in Bhutan.