India Markets Close: Key Gains Led by Tejas Networks and Tata Motors

Indian Stock Market Closes Mixed as Sensex Slips, Nifty Ends Higher; Midcaps Outperform​

Indian equity benchmark indices closed largely in the green on Thursday after a volatile trading session, with broader markets outperforming the frontline indices. While the BSE Sensex ended marginally lower, the NSE Nifty managed to hold on to gains by the closing bell.

Sensex Dips, Nifty Holds Above Key Level​

The BSE Sensex slipped 27 points to settle at 82,249. In contrast, the NSE Nifty edged up 14 points to close at 25,497, ending the session near the 24,500 mark during intraday trade.

Broader markets delivered a stronger performance. The Midcap Index surged 392 points to finish at 59,798, reflecting continued investor interest beyond large-cap counters. Nifty Bank also advanced 144 points to close at 61,188.

Market breadth remained neutral, with the NSE advance-decline ratio standing at 1:1, indicating an even distribution of gainers and losers across the exchange.

Banking and Auto Stocks Support Nifty​

Key contributors to the Nifty’s gains included ICICI Bank, Reliance, SBI, and Eicher Motors. Tata Motors PV emerged as the top Nifty gainer, climbing 3 percent following its strongest registration growth so far.

From the Sensex basket, major gainers included Eicher Motors Ltd, Bharat Electronics Ltd, Max Healthcare Institute Ltd, Shriram Finance Ltd, Adani Ports & Special Economic Zone Ltd, Maruti Suzuki India Ltd, and Sun Pharmaceutical Industries Ltd.

Defence and Telecom Stocks Rally​

Defence stocks ended higher amid developments around a potential India Israel defence deal. Data Patterns jumped 6 percent during the session.

Tejas Networks rallied 17 percent after securing a large 5G MIMO radio order. Shaily Engineering Plastics gained 3 percent after winning a ₹423 crore pen injector contract. Mankind extended its rally for the fourth consecutive session, rising nearly 12 percent.

Cholamandalam Investment witnessed volatility after reports regarding Vellayan Subbiah’s exit were denied. The stock rebounded 7 percent from its intraday lows.

Select Stocks Under Pressure​

On the downside, Eternal declined for yet another session and emerged as the top Nifty loser for the day.

Sanofi India fell 3 percent after its fourth quarter results showed revenue growth declining for the third consecutive quarter.

Among other Sensex constituents, Power Grid Corporation of India Ltd, Tata Consumer Products Ltd, Coal India Ltd, Bajaj Finance Ltd, Asian Paints Ltd, and UltraTech Cement Ltd were among the major movers during the session.

Overall, the session reflected stock specific action with midcaps and select sectors outperforming, even as benchmark indices closed on a mixed note.