The Indian stock market showed signs of recovery on the first trading day of the week, breaking a three-day declining streak. Key indices like the Nifty and Sensex closed higher, with increased buying seen in sectors such as FMCG and banking. However, sectors like PSE, oil & gas, and energy saw selling pressure. Notably, indices related to metals, IT, and real estate recorded declines. By the end of the day, the Sensex closed at 81,559.54, marking a gain of 375.61 points or 0.46 percent, while the Nifty ended at 24,936.40, up by 84.25 points or 0.34 percent.
Market Movers: Highlights of the Day
Several stocks attracted substantial attention today, showing impressive movements due to various factors, including earnings reports, contract wins, and restructuring plans.
Top Gainers
| Stock Name | Current Market Price (CMP) | Price Change | Key Drivers |
|---|---|---|---|
| Manoj Vaibhav Gems N Jewelers | Rs 269.90 | +10.4% | Strong FY24 annual report showing revenue growth and store expansion plans. |
| RBM Infracon | Rs 800.50 | +5% | Awarded a Rs 3,498 crore contract from ONGC. |
| Jubilant Pharmova | Rs 1,023.00 | +7.5% | Significant increase in trading volume, surpassing one-month averages. |
| Gujarat Fluorochemicals | Rs 3,964.00 | +4% | Notable trading volume spike, well above the month’s average. |
| SpiceJet | Rs 64.00 | +4% | Details of a restructuring plan involving debt conversion into equity announced. |
| Deep Industries | Rs 476.60 | +20% | Secured a Rs 1,402 crore order from ONGC, enhancing its portfolio significantly. |
Top Decliners
| Stock Name | Current Market Price (CMP) | Price Change | Key Description |
|---|---|---|---|
| Jupiter Wagons | Rs 508.70 | -7% | Falling for the third consecutive session due to profit booking. |
| VST Industries | Rs 440.00 | -8% | Heavy profit booking after a recent surge due to a bonus issue announcement. |
| NMDC | Rs 208.30 | -1.3% | Decline mirrors the drop in international iron ore prices, affected by weak Chinese demand. |
| Rama Steel Tubes | Rs 14.86 | -10% | After a 60% rise over five sessions, the stock corrected today. |
Conclusion
Today’s trading session indicated a restoration in market confidence, led by gains in select sectors and companies outperforming due to favorable announcements and robust financials. On the flip side, the ongoing profit booking and sector-specific challenges reveal the market’s volatility. Investors are advised to stay informed and consider these dynamics while making trading decisions.
