The Sensex declined 135 points to close at 75,183, while the Nifty settled 4 points lower at 23,655 after slipping below the 23,700 level. Bajaj Finance, Hindustan Unilever and Tech Mahindra were among the top losers on the Nifty.
The Nifty Bank underperformed broader benchmarks and dropped 123 points to 53,439 after falling more than 1% from the day’s highs. The Midcap Index ended 23 points lower at 61,301.
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From the Sensex basket, Grasim Industries Ltd, Bajaj Finance Ltd, Hindustan Unilever Ltd, Bajaj Auto Ltd, Trent Ltd and Bharat Electronics Ltd were the major gainers. Infosys Ltd, Bajaj Finserv Ltd, Tech Mahindra Ltd, Tata Consumer Products, HPCL and Grasim IndustriesHoneywell Automationwere the biggest laggards.
Despite the weak close in benchmark indices, market breadth remained positive, with the NSE advance-decline ratio at 3:2 in favour of advancing shares.
Among sectoral movers, oil marketing companies gained after Brent crude prices fell below $105 per barrel. JSW Cement, JSW Cement and IRB Infrastructure Developers rose up to 2%. Jubilant FoodWorks
extended gains and emerged as the top Nifty gainer following its March quarter results.
JSW Cement advanced 3% after reporting March quarter earnings above estimates, with EBITDA rising 31.3% year-on-year. WeWork India surged 17% after posting strong fourth-quarter results, with margins expanding by 140 basis points year-on-year.
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The Nifty IT index ended lower for the second consecutive session, with Coforge falling nearly 4% from the day’s highs. JSW Cement climbed nearly 9% after the company said it is targeting over 20% toll revenue growth in FY27.
WeWork India dropped nearly 8% after its quarterly results, while Jefferies cut its target price on the stock to ₹600 per share from ₹850 per share. Sammaan Capital jumped 9% after the company’s balance sheet clean-up reduced net non-performing assets to zero.
JSW Cement gained 5% following strong March quarter results, with margins expanding by 530 basis points year-on-year. WeWork India rose 19% after reporting a 78% year-on-year rise in fourth-quarter net profit.
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In the currency market, the rupee rebounded sharply and gained over 40 paise against the US dollar during the session.
