Market on Monday | Market fails to hold record high; auto, metal, PSU banks shine
The Indian markets started the week on a strong note, hitting fresh all-time high in the opening trade following positive global markets and above estimates GDP at 8.2% (six-quarter high) in Q2FY26 added to the positive sentiments.
However, a 9-month low manufacturing growth rate of 56.6 in November and rupee depreciation erased all the intraday gains in the fist half, and remained rangebound in a second half ahead of US and India central bank’s interest rate decision later this week.
At close, the Sensex was down 64.77 points or 0.08 percent at 85,641.90, and the Nifty was down 27.20 points or 0.10 percent at 26,175.75. BSE Midcap and smallcap indices ended flat.
Nifty Bank index touched fresh record high, crossing 60,000 for the first time, however, closing marginally lower at 59,681.35.
Nifty Midcap 100 indices also jumped to fresh record high of 61,311.25, intraday, closing flat at 61,043.40.
Interglobe Aviation, Bajaj Finance, Max Healthcare, Sun Pharma, Trent were among top losers on the Nifty, while gainers were Adani Ports, Tata Motors PV, Kotak Mahindra Bank, Eicher Motors.
Among sectors auto, IT, PSU Bank, metal rose 0.3-0.5% each, while realty index was down 1% and consumer durables, pharma indices were down 0.5% each.
