New Delhi: After hitting record highs, the Indian stock market ended Monday with a mild correction. Profit-taking and capital outflows by foreign institutional investors (FIIs) pulled both major indices slightly lower.
The BSE Sensex fell 64.77 points (0.08%) to close at 85,641.90, while the NSE Nifty slipped 27.20 points (0.10%) to finish at 26,175.75. During the session, Sensex had climbed as much as 452.35 points to a record high of 86,159.02, and Nifty touched an intraday peak of 26,325.80.
Gainers and Losers
Among Sensex constituents, Bajaj Finance, Sun Pharma, Trent, Mahindra & Mahindra, State Bank of India, and Bajaj Finserv saw losses. On the other hand, Tata Motors Passenger Vehicles, Maruti Suzuki, Bharat Electronics, Kotak Mahindra Bank, Adani Ports, and HCL Tech ended in the green.
Stocks Showing Strong Buying
Shares showing robust buying interest include Wockhardt Pharma, ZF Commercial, JM Financial, V2 Retail, IEX, Onesource Specialty Pharma, Eicher Motors, and Lenskart. Many of these stocks have crossed their 52-week highs, signaling potential bullish momentum.
Stocks Signaling Weakness
Technical indicators such as MACD suggest a bearish trend for Max Healthcare, InterGlobe Aviation, Bajaj Finance, Whirlpool of India, Welspun Living, Neuland Lab, KPR Mill, Latent View Analytics, KSB, GlaxoSmithKline, and GE Vernova T&D India. These stocks may see further downside in the near term.
Discover more from SD NEWS agency
Subscribe to get the latest posts sent to your email.