Nifty Gainers and Losers: Adani Ports and Kotak Bank Surge, IT Stocks Weigh on Market Momentum

Market Update

Monday, [Date]: Benchmark indices Sensex and Nifty were trading modestly higher but pared early gains, as profit booking occurred after last week's relief rally linked to the US Supreme Court striking down President Donald Trump's tariffs. Fresh uncertainty resurfaced after Trump announced a new 15% tariff, keeping global cues fragile.

Key Indices and Performance

• Sensex: Up 303 points (0.4%) at 83,118
• Nifty: Gained 83 points (0.3%) to 25,654
• Market Breadth: Weak, with 2,110 stocks declining against 1,771 advances on the NSE

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Top Gainers

• Adani Ports and Special Economic Zone: Risen 2.3% to Rs 1,545.9
• Kotak Mahindra Bank: Advanced 2.1% to Rs 430.1
• HDFC Life Insurance: Climbed 1.8% to Rs 741.9
• Dr Reddy's Laboratories: Gained 1.7% to Rs 1,302.5

Notable Losers

• Hindalco Industries: Fell 2.4% to Rs 913.5
• Wipro: Dropped 2.3% to Rs 205
• Infosys: Declined 2.1% to Rs 1,325.1
• Oil and Natural Gas Corporation: Fell 1.8% to Rs 273.6

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Sectoral Performance

• IT: Remained the weakest pocket, down 1.61%
• Defensives: FMCG and pharma traded in the green
• India VIX: Slipped 1.18% to 14.19, indicating subdued volatility