Top Stocks Today: Tata Motors, Bajaj Finance Lead Gainers as Broader Market Struggles
Indian markets show mixed trends: Nifty hovers 25,100, Sensex up 150 pts. Broader markets dip. Infosys results due.
India's benchmark indices witnessed a volatile trading session today, with early gains giving way to profit-taking. The Nifty 50, after briefly nearing 25,150, slipped to trade around the 25,100 mark, while the Sensex trimmed its initial advance to hover around a modest 150-point gain. This slowdown comes as the market's initial optimism, partly fueled by reports of new trade deals from President Donald Trump's office, appeared to wane on Dalal Street.
Despite the frontline indices holding onto slight gains, the broader market painted a different picture. The Nifty Small-cap and Mid-cap indices traded in negative territory, registering losses of under 0.50%. This divergence suggests a cautious sentiment among investors, particularly concerning companies outside the large-cap segment.
Several corporate earnings reports are currently driving market movements. Key results from companies like IRFC, KEI Industries, Dalmia Bharat, and United Breweries are being closely watched, alongside the more impactful performances of Paytm and Dixon Technologies, which have significantly influenced their respective sectors.
Looking ahead, all eyes are on Infosys, one of the last major Nifty 50 IT constituents, which is set to report its quarterly results after market hours today. The company's guidance for the full year is highly anticipated and is expected to set the near-term trend for the entire IT sector.
In addition to Infosys, a slate of other prominent companies are also announcing their results today. This includes midcap IT firms such as Persistent Systems and Coforge, alongside Syngene, Bajaj Housing Finance, SRF, and MAS Financial. Among the Nifty 50, Tata Consumer Products and Dr. Reddy's are also scheduled to release their quarterly earnings, adding to the day's market catalysts.
