Markets End Nearly Flat; Nifty 50 Closes Above 26,000 as Select Midcaps Outperform

Indian equity markets ended Monday’s session on a muted but resilient note, with benchmark indices consolidating near record levels. The Nifty 50 closed marginally lower but comfortably above the 26,000 mark, supported by strength in select banking and midcap stocks, even as financial services and a few heavyweights weighed on overall sentiment.

Also Read: Markets Trade Mixed; Nifty 50 Holds Above 26,000 as Bank Stocks Lend Support

Benchmark Indices at Close

As of 3:30 PM IST, the Nifty 50 settled at 26,027.30, down 19.65 points (-0.08%). The index opened at 25,930.05, touched an intraday high of 26,047.15, and a low of 25,904.75, reflecting a narrow trading range and sustained consolidation.

Other key indices showed a mixed trend:

• Nifty Next 50: 68,622.45 (↑ 0.16%)

• Nifty Financial Services: 27,603.15 (↓ 0.25%)

• Nifty Bank: 59,461.80 (↑ 0.12%)

The modest gains in banking stocks helped limit downside pressure on the benchmarks.

Top Gainers: Momentum and Midcap Stocks Lead

The broader market witnessed strong momentum in select midcap and small-cap stocks, with several counters locking in sharp gains:

• Tainwala Chemical (TAINWALCHM) surged 20.00% to ₹191.90, emerging as the top gainer.

• TV Vision jumped 19.95% to ₹9.32, extending its multi-session rally.

• Maha Rashtra Apex (MAHAPEXLTD) gained 18.92% to ₹113.26, backed by steady volumes.

• Refex Industries (REFEX) climbed 17.30% to ₹299.00, witnessing heavy trading activity.

• Shakti Pumps (SHAKTIPUMP) advanced 16.77% to ₹759.20, reflecting sustained buying interest.

The rally underscored continued appetite for high-growth and momentum-driven stocks in the broader market.

Top Losers: Sharp Correction in Select Counters

On the downside, a few stocks faced significant selling pressure, largely driven by stock-specific factors:

• Patanjali Engineering RE (PATELEG-RE) plunged 39.73% to ₹1.35, remaining the session’s biggest laggard.

• GTEC Jainx declined 8.72% to ₹24.51.

• Welspun Investments (WELINV) fell 7.79% to ₹1,322.00.

• EMBDL slipped 6.54% to ₹67.85, despite high traded value.

• AeronEU dropped 6.00% to ₹81.10.

The selling appeared selective, with no signs of broad-based panic.

Market Outlook

Market participants remained cautious, preferring stock-specific strategies as headline indices hover near lifetime highs. Analysts expect markets to stay range-bound in the near term, with direction likely to emerge from global cues, interest-rate expectations and upcoming macroeconomic data.

While banking stocks offered support, the underperformance of financial services capped further upside.

Conclusion

The session reflected a consolidation phase for Indian equities, with benchmarks ending nearly flat and broader markets displaying sharp divergence. As valuations remain elevated, investors are likely to remain selective, focusing on fundamentals, earnings visibility and momentum, while awaiting fresh triggers for the next directional move.