Indian equity markets traded on a cautious note on Monday, with frontline indices edging lower amid mixed global cues and sectoral pressure. The Nifty 50 slipped below the 26,000 mark, reflecting profit booking in heavyweight stocks, even as select small- and mid-cap counters posted strong gains, indicating continued stock-specific action in the broader market.
Benchmark Indices Snapshot
As of 10:21 AM IST, the Nifty 50 was trading at 25,968.50, down 78.50 points (-0.30%). The index opened at 25,930.05, touched an intraday high of 26,007.20, and a low of 25,904.75, highlighting a narrow but negative trading range.
Other key indices also remained under pressure:
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Nifty Next 50: 68,302.30 (↓ 0.30%)
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Nifty Financial Services: 27,551.30 (↓ 0.44%)
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Nifty Bank: 59,224.35 (↓ 0.28%)
The broader tone suggested consolidation after recent gains, with investors remaining selective ahead of key domestic and global cues.
Top Gainers: Sharp Moves in Select Counters
Despite weakness in benchmark indices, several stocks witnessed strong buying interest, led by lower-priced and turnaround plays:
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TV Vision rose nearly 20% to ₹9.32, supported by strong price momentum.
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VIP Clothing (VIPULLTD) surged 19.92% to ₹12.28, backed by heavy volumes.
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Maha Rashtra Apex (MAHAPEXLTD) gained 17.48% to ₹11.89, reflecting speculative interest.
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Kridhan Infra (KRIDHANINF) advanced 16.88% to ₹4.64. -
SEPC climbed 13.49% to ₹10.35, recording one of the highest traded volumes of the session.
Kridhan Infra (KRIDHANINF) advanced 16.88% to ₹4.64.The rally in these counters indicates continued appetite for high-beta stocks among short-term traders.
Top Losers: Steep Correction in Select Names
On the downside, a few stocks witnessed sharp selling pressure, correcting significantly from recent levels:
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Patanjali Engineering RE (PATELEG-RE) plunged 39.73% to ₹1.35, marking the steepest fall.
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HCC-RE1 declined 6.45% to ₹4.35.
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GTEC Jainx slipped 6.11% to ₹25.21.
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Vidya Wires fell 5.29% to ₹48.86 despite healthy traded value.
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Welspun Investments (WELINV) dropped 5.18% to ₹1,359.50.
GTEC Jainx slipped 6.11% to ₹25.21.The selling pressure in these stocks points to profit booking and stock-specific concerns rather than broad-based weakness.
Market Outlook
Market participants remain cautious as indices hover near record zones, with investors preferring selective exposure rather than aggressive positioning. While banking and financial stocks weighed on benchmarks, the sharp movements in individual stocks underline an environment driven by earnings visibility, balance-sheet strength and trading momentum.
Conclusion
The session reflected a divergent market trend, with frontline indices trading marginally lower while select stocks delivered outsized moves on either side. As the market consolidates near elevated levels, traders and investors are expected to stay stock-specific, closely tracking volumes, fundamentals and broader macro signals for directional cues.
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