Stock Market LIVE Updates: Sensex up 190 pts, Nifty above 25,100; Trent, Tata Motors, Axis Bank top losers
Markets kicked off on a positive note, with Sensex climbing around 190 points and Nifty pushing past the 25,100 level, driven mainly by gains across metal, energy, power, realty, and oil & gas sectors. Broader indices like midcaps and smallcaps also showed strength. However, not all stocks had a smooth run — names such as Trent, Tata Motors, Axis Bank, TCS and Kotak Mahindra pulled back and weighed on the indices. On the macro front, the World Bank trimmed growth projections for South Asia, citing headwinds from trade tensions and tariff pressures. Meanwhile, in corporate news, Biocon got tentative approval from the US FDA for Rifaximin tablets, Oil India struck a deal with Mahanagar Gas, and IPOs like Tata Capital and LG Electronics India saw modest subscription levels so far. Market sentiment remains cautious yet optimistic, with investors keeping an eye on global cues and sector rotation.
The Key points
- Sensex rose nearly 190 points as sectors like metal, energy, and realty led the rally.
- Nifty crossed the 25,100 threshold, bolstered by broad-based participation.
- Midcap and smallcap indices also registered gains, reflecting strength beyond frontline stocks.
- Among the laggards were Trent, Axis Bank, Tata Motors, TCS, and Kotak Mahindra.
- The World Bank downgraded South Asia’s 2026 growth outlook, citing external pressures.
- Biocon secured tentative US FDA approval for its Rifaximin formulation.
- Oil India inked an MoU with Mahanagar Gas to explore LNG and clean‐energy opportunities.
- IPOs such as Tata Capital and LG Electronics India showed moderate subscription traction.
- Sector rotation was evident — realty, power, oil & gas made noticeable moves.
- Investors stayed alert to global developments, especially trade policies and macro signals.
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