Despite a promising start on March 25, the market failed to sustain its gains and ended the session flat, weighed down by selling across most sectors. IT stocks stood out as the sole outperformers, while other sectoral indices, including auto, capital goods, consumer durables, metal, oil & gas, power, PSU banks, realty, and telecom, slipped between 1-1.5%.
On the Nifty 50, UltraTech Cement, Trent, Bajaj Finserv, Infosys, and Grasim Industries were among the top gainers, while IndusInd Bank, Dr. Reddy’s Labs, Adani Enterprises, Coal India, and Adani Ports led the decline.
The broader market also saw pressure, with the BSE Midcap index falling 1% and the Smallcap index slipping 1.5%, reflecting weak investor sentiment beyond the large-cap space.
Top gainers
Seamec Ltd surged up to 13% intraday, extending its rally for the second session after securing a $5.61 million subsea installation contract from Larsen & Toubro. Investors responded positively to the deal, which is expected to strengthen the company’s revenue pipeline over the coming years.
2) Infosys
Infosys climbed nearly 3% to ₹1,634 in morning trade as a softer stance on tariffs from US President Donald Trump fueled investor optimism, driving renewed buying interest in IT stocks. The rally came despite Jefferies lowering its price target by 15% to ₹1,835 from ₹2,150, though the brokerage reiterated its ‘Buy’ rating. Jefferies sees limited risk of a valuation downgrade, citing strong free cash flow conversion and improved payouts, while forecasting 4-6% constant currency revenue growth in FY26.
3) IREDA
Indian Renewable Energy Development Agency (IREDA) climbed 3.96% intraday, continuing a three-day winning streak ahead of its board meeting on the FY26 borrowing plan. The stock has gained over 14.5% in the past three sessions as investor sentiment remained upbeat.
4) UltraTech
Ultratech shares jumped 3% with the cement sector witnessing renewed interest after global brokerage firm UBS turned bullish, citing expectations of demand recovery, price stabilization, and cost savings. UltraTech Cement, Ambuja Cement, and Dalmia Bharat saw upgraded ratings and higher target prices, driving positive momentum in the sector.
Top Losers
5) Chemicals
India Pesticides, Insecticides India, and Alkyl Amines fell up to 4% after the government proposed an anti-dumping duty on Pretilachlor imports from China, raising concerns over potential pricing pressures in the domestic market.
6) EaseMyTrip
Easy Trip Planners declined 2% as investors remained cautious about its global expansion and aviation foray. Despite announcing new investments in Brazil, the Middle East, and the U.S., the stock faced selling pressure, indicating mixed sentiment around its aggressive growth strategy.
7) Bridge Enterprise
Brigade Enterprises slipped 1.35% after unveiling a ₹950-crore premium residential project in Whitefield, Bengaluru. While the move strengthens its real estate portfolio, investors took a cautious stance, likely weighing near-term execution risks.
8) Britannia
Britannia Industries lost 1% as a worker strike at its Jhagadia manufacturing facility in Gujarat led to partial operational disruptions. The company is in talks with employees to resolve the issue, but concerns over production delays weighed on sentiment.
9) Indusind Bank
IndusInd Bank dropped 5% after it received a ₹30 crore penalty over GST-related issues. The bank clarified that the penalty pertains to "various GST issues" and stated that it may appeal the order, but the uncertainty prompted selling pressure.
10) Zomato, Swiggy
Zomato and Swiggy stocks tumbled 6% and 5%, respectively, following a cautious note from Macquarie on quick commerce. The brokerage prefers restaurant operators like Devyani International and Westlife Foodworld, citing expectations of a strong discretionary spending recovery in the dining segment.
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