Market wrap: Top gainers and losers on Nifty and Sensex today

Indian benchmark indices extended losses on Tuesday, with the Sensex falling 238 points and the Nifty closing below 24,200. While HDFC Bank, Reliance Industries and SBI weighed on the benchmarks, broader markets outperformed as the Nifty Midcap 10...

Agencies
Sensex and Nifty rallied over 1% on strong earnings and IT gains, while analysts expect large-cap leadership and further upside if technical momentum sustains.
The Indian stock market extended losses on Tuesday, with Sensex and Nifty dropping up to 0.3% despite a fall in oil prices following reports of mediation efforts between the US and Iran.

Sensex dropped 238 points to end the session at 77,470, while Nifty 50 dropped 51 points to close at 24,188 on Tuesday. Broader markets, however, edged higher, with Nifty Midcap 100 and Nifty Smallcap 100 rising up to 0.6% to close in the green.



Here are today’s top gainers on Nifty

Chart 1
Here are today’s top gainers on Sensex

Chart 2
Here are today’s top losers on Nifty

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Chart 3
Here are today’s top losers on Sensex

Chart 4
What lies ahead?


Despite geopolitical challenges, midcaps are performing well in anticipation of strong corporate earnings, supported by demand-led business updates, Vinod Nair, Head of Research at Geojit Investments, highlighted. He noted that while this segment’s elevated valuations compared to large caps warrant caution, underlying business conditions are expected to remain healthy at least through H1FY27.

“However, sustaining this momentum will require the ongoing spike in input costs to normalize as demand growth may tend to become flattish in H2 FY27. At present, the broader market is trading in a mixed range, reflecting large caps' underperformance driven by moderating inflows amid rising geopolitical risks and higher crude oil prices,” according to the analyst.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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