rewrite this content using a minimum of 1000 words and keep HTML tags
The Indian stock market is showing a mixed trend as the Sensex remained flat while the Nifty tested the 24,600 level. Auto and media stocks are underperforming, dragging the broader market down, while sectors like IT and metals saw positive movement.
Sectoral movement
Auto stocks are witnessing declines, with the sector down by 0.5-1 per cent. The oil & gas, power, telecom, and media sectors also traded lower. However, the IT and realty sectors saw a rise of 0.5-1 per cent, with the IT index hitting fresh highs.
Stock highlights
Waaree Energies: The stock surged over 5% after the company secured a major order to supply 1 GW of solar PV modules.
Vodafone Idea: Shares rose 2% following the announcement of a Rs 1,980 crore infusion by promoters through a preferential issue.
Swiggy: The stock jumped 5% after CLSA recommended a “buy” with a target price of Rs 708.
Syngene: A large equity trade saw 2% of Syngene’s equity exchanged, impacting its stock price.
Rupee movement
The Indian Rupee appreciated by 8 paise, trading at 84.78 against the US dollar, moving up from its all-time low.
Top gainers and losers
Among the top gainers on the Sensex, Bajaj Finserv, Infosys, HCL Technologies, Tata Steel, and Titan Company saw positive movement, while Bharti Airtel, Adani Ports, Tech Mahindra, Reliance Industries, and Axis Bank were among the top losers.
The market remains cautious with mixed signals, but sectoral shifts continue to shape trading sentiment.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this
Source link
