This was the second consecutive negative closing for the benchmark indices.
HDFC Bank accounted for the maximum drag by virtue of its weight in the topline indices, while Bajaj Finance was among the top Nifty losers, declining 1.7%.
Top Gainers & Losers
The Nifty breadth was evenly split in terms of gainers and losers as 25 stocks ended with gains, while the rest were in the red. The top 5 Nifty losers during Monday’s session were Max Healthcare Institute, InterGlobe Aviation, Bajaj Finance, Sun Pharmaceuticals and Adani Enterprises, while the top gainers were UltraTech Cement, Tata Motors Passenger Vehicles, Maruti Suzuki, Bharat Electronics and Eicher Motors.
Global Markets
Asian markets traded mixed on Thursday, with Japan’s Nikkei 225 sliding 1.9% — the sharpest decline among major regional indices. Singapore’s FTSE Straits Times Index finished flat, while Hong Kong’s Hang Seng and China’s Shanghai Composite both ended 0.7% higher.
Meanwhile, European markets were a sea of red around 4 pm India time, with the UK’s FTSE 100 trading with minor cuts (0.05%) while Stoxx 600, French CAC 40, Germany’s DAX and Spain’s IBEX were down up to 0.9% around this time.
Expert View
Commenting on the day’s action, Ajit Mishra, Senior Vice President – Research at Religare Broking, said that markets stayed in consolidation mode and ended almost unchanged, pausing near record-high territory. “On the benchmark front, the Nifty 50 opened firmly around 26,325—marking a fresh lifetime high amid buoyant sentiment—but experienced intraday volatility before closing near 26,175, down 0.10%. Sectoral trends were mixed, with auto, metal and IT edging higher, while realty and pharma closed in the red. Broader indices moved largely in line with the benchmark, though market breadth indicated underlying weakness,” Mishra said.