Market wrap: HDFC Life, Shriram Finance, ONGC, HUL top gainers and losers on Nifty and Sensex on Thursday

Sensex and Nifty extended their winning streak to 10 sessions on Monday, ending marginally higher as financial and realty stocks offset losses in IT, FMCG and auto shares. HDFC Life and Shriram Finance led Nifty gainers, while ONGC and HUL topped ...

Market wrap:  HDFC Life, Shriram Finance, ONGC, HUL top gainers and losers on Nifty and Sensex on Thursday
Indian equity benchmarks ended marginally higher on Monday, extending their winning streak to a 10th consecutive session, as gains in financial and real estate stocks offset profit-booking in IT, FMCG and automobile shares following the recent sharp rally. The count excludes Sunday's one-hour Muhurat Trading session, which is typically characterised by low trading volumes.

The Nifty 50 advanced 44 points, or 0.18%, to settle at 25,299, while the BSE Sensex rose 32 points, or 0.04%, to close at 81,911.

Broader markets outperformed the benchmark indices, with the Nifty Smallcap 100 gaining 1.12% and the Nifty Midcap 100 advancing 0.85%.


The India VIX, a gauge of market volatility, declined more than 5% to 16.63.

Sectorally, the Nifty Realty index led the gains, surging over 4.5%. The Nifty Financial Services and Nifty PSU Bank indices also advanced more than 1% each. On the other hand, the Nifty Auto index declined over 1%.

Market breadth remained positive on the NSE, with 2,080 stocks advancing, 1,537 declining and 104 remaining unchanged.
ADVERTISEMENT

ALSO READ: Sell fast, buy faster! FIIs broke every selling record in 2026. Now their buying is breaking records

Here are today’s top gainers on the Nifty

Image 1
Here are today’s top gainers on the Sensex


ADVERTISEMENT
Image 2
Here are today’s top losers on the Nifty


Image 3
Here are today’s top losers on the Sensex
ADVERTISEMENT


Image 4
Technical View

The Nifty has been consolidating within a narrow range over the past two to three trading sessions, while retaining its bullish undertone. However, with the index trading in overbought territory, the possibility of a mild retracement from current levels cannot be ruled out, said Vatsal Bhuva, Technical Analyst at LKP Securities.

"In such a scenario, 25,000 is expected to act as immediate support, followed by a crucial support at 24,800. Nevertheless, the broader bias remains positive, and index traders should maintain a buy-on-dips approach. On the upside, resistance is placed at 25,500, with the index expected to trade within the 25,000–25,500 range," Bhuva said.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
ADVERTISEMENT
READ MORE

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Markets › Stocks › News › Market wrap: HDFC Life, Shriram Finance, ONGC, HUL top gainers and losers on Nifty and Sensex on Thursday
Text Size:AAA
Success
This article has been saved

*

+