Leaders Online Desk: The bullishness of the last 5 sessions in the Indian stock market took a break on Friday (26th). Sensex and Nifty closed lower on weak global cues and profit booking. The Sensex closed down 609 points at 73,730. While the Nifty fell by 150 points to settle at Rs 22,419. The Indian stock market had a bullish start today. But this boom did not last long. (Stock Market Closing Bell)
Nifty banks, infra and auto stocks witnessed the biggest declines today. All other sectoral indices closed in the green except for Auto, Bank, Capital Goods. Power, oil and gas, healthcare, realty, media gained 0.3-1 percent. BSE Midcap closed 0.8 percent higher and Smallcap 0.2 percent higher.
Which stocks fell?
Bajaj Finance shares were the top losers on the Sensex. The shares fell by as much as 7 percent. At the same time, shares of Bajaj Finserv fell by 3.5 percent. Shares of IndusInd Bank, Nestle India, M&M, JSW Steel, Kotak Bank, HCL Tech, Sun Pharma, SBI fell between 1-3 percent. Meanwhile, shares of Tech Mahindra were the top gainers. This share increased by 7 percent. Shares of Wipro, ITC showed minor gains.
Bajaj Finance, Bajaj Finserv, IndusInd Bank, Nestle India and M&M were the top losers on the Nifty. While Tech Mahindra, Divis Lab, LTIMindtree, Bajaj Auto, BPCL shares showed overall growth. (Stock Market Closing Bell)
Bajaj's 'these' two shares hit, why?
Bajaj Finance shares tumbled in today's trading session. The stock fell 7 percent to Rs 6,720 on the BSE. (Bajaj Finance Share Price) The non-banking financial company has estimated its assets to grow between 26 percent and 28 percent in the fiscal year beginning April 1, 2024. This growth is lower than the 34 percent growth in the previous year. Shares of Bajaj Finserv also fell 3 percent to Rs 1,580. (Bajaj Finserv shares)
Nestlé India also declined
Shares of Nestlé India fell 3 percent to Rs 2,478 on the NSE today. Nestlé announced its fourth quarter results on Thursday. Its standalone net profit rose 27 percent year-on-year (YoY) to Rs 934 crore in the March quarter. 737 crores a year ago. (Nestle India Share Price)
Shares of 'Tech Mahindra' rebound
Shares of Tech Mahindra (TechM shares) rose 7 percent to Rs 1,280 on BSE today. Interestingly, despite the IT company's weak fourth quarter (Q4 FY24) results, its shares rose. TechM reported a 41 percent decline in profit for the quarter ended March 2024. Meanwhile, shares of Vedanta rose nearly 4 percent to Rs 402 on the BSE. (Vedanta Share Price)
Foreign investors
Foreign institutional investors (FIIs) sold shares worth Rs 2,823.33 crore on April 25, according to NSE data. While domestic institutional investors (DIIs) bought shares worth Rs 6,167.56 crore.
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