Sensex Today | Stock Market Highlights: Despite a 25-basis-point repo rate cut by the Reserve Bank of India, the market closed largely in the red. However, midcap stocks continued to outperform, with the midcap index closing in positive territory. Select financial stocks such as Federal Bank, REC, and PFC rebounded from intraday lows following the RBI’s statement.
Sensex Today | Stock Market Highlights: The stock market posted minor gains this week, marking its second consecutive week of growth. Pharma and metal stocks led the charge, emerging as the best-performing indices with gains of 3% each. However, the FMCG sector faced notable losses, with earnings reports from key sectoral heavyweights contributing to the decline.
The benchmark Nifty index slipped 43 points to close at 23,560, while the Sensex declined by 198 points to settle at 77,860. The Nifty Bank index also ended lower, falling 223 points to 50,159. In contrast, the midcap index gained 108 points to close at 53,609.
Among the top Nifty gainers were IndusInd Bank, Bajaj Finance, Adani Ports, and Shriram Finance. Meanwhile, FMCG stocks dominated the list of top Nifty losers, with Trent, ITC, Britannia, Hindustan Unilever, Tata Consumer Products, and Nestlé all witnessing declines.
