Latest News The Indian stock market experienced a roller-coaster ride today as the indices failed to sustain the record highs achieved earlier in the day. The Nifty 50 index hit an intra-day record high of 23,026, while the Sensex soared to 75,637 points during trading hours. However, the optimism waned as the day progressed, with the Nifty settling at 22,957, down by 11 points, and the Sensex closing at 75,410, a decrease of 8 points from the previous session.
Financial stocks emerged as the stars of the day, with the Nifty Bank managing to close in the green, gaining 203 points to reach 48,972. HDFC Bank played a crucial role in driving both the Nifty and Nifty Bank indices higher. Despite the overall market retreat, certain stocks managed to reach new heights.
Notable among them were Bharti Airtel, Divi's Laboratories, and Eicher Motors, which ended the day at record highs. On the other hand, midcap stocks struggled to maintain momentum, with the Midcap Index ending the session in the red, down by 6 points to 52,424. In individual stock movements, oil marketing companies (OMCs) witnessed significant buying interest, buoyed by rising crude prices.
Bharat Petroleum (BPCL) emerged as the top gainer in the Nifty, while Indian Oil (IOC) and Hindustan Petroleum (HPCL) saw gains of 1-2%. Ashok Leyland closed flat but in positive territory after announcing Q4 results in line with expectations. However, Hindalco Industries faced selling pressure, sliding 2% despite reporting health.
