The Nifty is currently hovering around 26,100 points, with a gain of 95.70 points (0.37%), and the Sensex has risen by 280 points, trading at 85,473.77.
Maruti Suzuki, Tata Motors, and Nestle are leading the gains, with Maruti Suzuki showing a rise of 4.60%. On the sectoral front, metal and auto sectors have seen a 1% increase, while FMCG, PSU Bank, and IT sectors are up by 0.5%. However, realty, pharma, power, capital goods, and oil & gas are down by 0.5%.
The BSE Midcap and Smallcap indices have seen a slight dip of 0.5%. Major stocks contributing to Nifty’s performance include Maruti Suzuki, Tata Steel, Hindalco Industries, and Tata Motors. On the downside, ONGC, Cipla, Divis Labs, Hero Motocorp, and Power Grid Corp are among the laggards.
Sectoral Highlights:
- Top Sector Gainer: Nifty Metal is the best-performing sector, with a 1.55% rise.
- Top Sector Loser: Nifty Pharma faced a drop of 0.76%.
Market Volume Movements: In terms of volume shocks, companies like Mukta Arts and Banaras Beads witnessed significant volume changes, with Mukta Arts seeing a 14.56% rise, and Banaras Beads gaining 17.2%.
IPO Subscription Updates:
- Diffusion Engineers: The IPO is subscribed at 3.67 times, with the retail segment leading at 6.02 times.
- KRN Heat Exchanger and Refrigeration: Heavily subscribed at 42.23 times overall, with notable interest from non-institutional investors (NII) at 93.72 times.
The stock market remains active and varied in performance, reflecting strong investor interest in particular sectors and stocks as the trading day progresses.
