Indian Stock Market Today: Nifty Crosses 24,450, Key Earnings and Top Gainers

📈 Markets at a Glance

The Nifty 50 is trading above the 24,450 mark, gaining nearly 100 points in a steady recovery, while the Sensex remains in green but continues to hover below the 80,000 level. Market sentiment remains mixed, with selective sectoral gains offset by pressure in specific counters.

💼 IPO Spotlight

Investor enthusiasm was evident as JSW Cement’s IPO reached full subscription on its third day, signaling strong demand despite broader market caution.

📉 Big Movers — Top Losers & Gainers

Shares of PG Electroplast plunged over 15% after a price target cut following a disappointing quarter. However, company management told CNBC-TV18 they remain optimistic about future growth.

In contrast, HBL Engineering surged 12% after robust Q1 results, emerging as a key gainer among Nifty 500 stocks.

🛡 Defence Sector on the Rise

Defence counters like Cochin Shipyard, BEML, and Bharat Dynamics saw strong buying interest, pushing the sector higher as investors bet on sustained order flows.

🔍 Volume Buzzers

Heavy trading activity was seen in Doms Industries, HBL Engineering, PG Electroplast, Voltas, and Concord Biotech, signaling heightened investor participation in these counters.

📊 Broader Market Performance

The Nifty Midcap 100 inched up 0.19%, while the Nifty Smallcap 100 slipped 0.16%, reflecting a mild divergence in broader market trends.

🏦 Banking & Financial Stocks

The Nifty Bank index, which started the day strong, pared gains and now trades 165 points lower. Among financials, Manappuram Finance is up 1.5%, while Voltas faces selling pressure post-results.

📅 Earnings on Watchlist

With most Nifty companies having reported, attention shifts to results from Ashoka Buildcon, SJVN, Bajaj Consumer, BEML, IPCA Labs, Praj Industries, and Titagarh Rail later today.