Indian markets opened flat but managed to close modestly higher amid mixed global cues.
The Sensex gained 145 points to finish at 83,857, while the Nifty 50 rose 49 points to settle at 25,571.
However, some heavyweight stocks in the IT and metals sector remained under pressure and closed in the red.
HCL Tech Slumps Over 2% Amid IT Sector Drag
HCL Technologies Ltd (₹1,673.00 | -2.05%)
The tech major lost over ₹35 amid sector-wide selling and weak investor sentiment toward large-cap IT stocks. This comes as investors eye Q1 results from top software exporters.
- 52-Week Range: ₹1,302.75 – ₹2,012.20
- Volume: 28.95 Lakh shares
- Market Cap: ₹4,53,996 Cr
Hindalco Drops Nearly 2% as Metals Remain Under Pressure
Hindalco Industries Ltd (₹673.05 | -1.83%)
The aluminum giant saw fresh selling amid weakness in global metal prices and concerns over Chinese demand. The stock fell over ₹12 in high-volume trade.
- 52-Week Range: ₹546.45 – ₹772.65
- Volume: 67.04 Lakh shares
- Market Cap: ₹1,51,249 Cr
As volatility persists, Tata Steel keeps falling.
Tata Steel Ltd (₹159.20 | -1.71%)
Despite heavy trading volumes, Tata Steel couldn’t hold early gains and dropped by nearly ₹3. The stock is underperforming amid global steel market weakness and subdued investor mood.
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- 52-Week Range: ₹122.62 – ₹175.47
- Volume: 298.39 Lakh shares
- Market Cap: ₹1,98,737 Cr
Although the benchmarks closed in the green, losses in large-cap IT and metal counters reflect underlying caution. All eyes remain on Q1 earnings and global commodity trends.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Titan Cracks 5.88% Post Weak Sentiment | Pharma & Auto Stocks Under Pressure
Markets closed in green on July 8 ,after a volatile day. Titan Company dragged index with a 6% fall. Dr. Reddy’s and Cipla also ended in the red
अद्वेष्टा सर्वभूतानां मैत्रः करुणा एव च।
One who is not envious but is a kind friend to all living entities is certainly eligible for liberation.
