The Indian stock market witnessed minor gains today, with the Sensex and Nifty trading with a positive bias in the opening session.
Market Open and Key Indicators
The Sensex traded flat at 81,363.74 after opening at 81,594.52, against a previous close of 81,337.95. By 9:17 am, the Nifty 50 was at 24,846.60. The market opened on a flat footing, with the Sensex up 0.32% and the Nifty registering a 0.28% gain in early trade. As of today, the Sensex is at 81,402.67, marking a gain of 64.72 points, while the Nifty is at 24,890.40, up by 69.30 points.
Top Performers and Losers
Larsen & Toubro (L&T) emerged as a top gainer on the Sensex, rising over 4% in early trade. Conversely, Tata Motors experienced a plunge of 3%. Other stocks in the green include NTPC, Asian Paints, and Bharti Airtel. Stocks trading in the red include HUL, ICICI Bank, and ITC.
L&T's Strong Performance
L&T's shares jumped following the company's report of a 30% year-on-year (YoY) jump in consolidated net profit, reaching Rs 3,617 crore for the June quarter. This robust performance was attributed to strong execution across key businesses. The company's revenue from operations also saw a 16% YoY increase, amounting to Rs 63,679 crore, surpassing Street estimates of Rs 62,950 crore.
Tata Motors' Dip
Tata Motors' share price plunged 3% and is currently trading at Rs 666.5. Over the past year, Tata Motors' shares have fallen from Rs 1,123.9 to Rs 666.5, marking a 40.7% decrease.
Broader Market Trends
In the broader market, 1547 stocks in the Nifty pack were trading in the green, while 760 were in the red, with 80 stocks remaining unchanged. The BSE AUTO index is down 0.7%. Over the last twelve months, the BSE Sensex has increased slightly.
Market Sentiment and Factors Influencing the Market
Caution is expected to prevail in the market as investors await the U.S. Federal Reserve's policy decision and monitor the progress of the India-U.S. trade deal. Several factors are contributing to the cautious sentiment, including overbought technical conditions, profit booking, and muted Q1FY26 earnings.
