Epack Prefab

VSF Projects

Oval Projects

< -5%

Mayasheel Vent

Lakshya Power

Ircon Internati

-5% to -3%

Shashijit Infra

Sattva Engineer

Techno Electric

Globe Civil Pro

Popular Estate

Gayatri Highway

Larsen

-3% to 0%

GRANDOAK

Winsol Engineer

Goel Constructi

0% to 3%

Giriraj Civil D

HM Electro Mech

Mega Nirman

3% to 5%

Madhav Infra Pr

Smallcap World Fund was holding 5.42 percent stake in Entero as of September 2025.

The Jammu and Kashmir Students Association urged Home Minister Amit Shah to act on rising harassment and violence against Kashmiri students and shawl vendors in Himachal Pradesh, citing repeated assaults, lack of action, and growing fear among Kashmiris.

shorts/business/sbi-mf-sells-2-4-in-nazara-for-rs-216-crore-smallcap-world-exits-5-2-of-entero

SBI Mutual Fund has offloaded 2.4 percent equity stake in Nazara Technologies, the gaming and sports media platform, via open market transactions on December 29, while promoter has acquired Rs 50 crore worth shares in Honasa Consumer, the digital-first beauty and personal care company.

Despite big stake sale, <a href="https://www.moneycontrol.com/india/stockpricequote/software/nazaratechnologies/NT">Nazara Technologies</a> shares rallied 6.7 percent to close at Rs 253.3 on the NSE, especially after the past couple of days of consolidation.

As per the bulk deals data published by exchanges, SBI Mutual Fund sold 45.09 lakh shares in Nazara at Rs 240.18 per share, and 45 lakh shares at Rs 240.03 per share, which total amounted to over Rs 216 crore.

SBI Mutual Fund held 5.78 percent stake in Nazara Technologies as of September 2025.

The major action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/enterohealthcaresolutions/EHSL">Entero Healthcare Solutions</a> which shares ended at new closing low of Rs 949.20, down 0.35 percent.

Capital Group-owned Smallcap World Fund Inc sold 22.69 lakh shares (equivalent to 5.2 percent of paid-up equity) in Entero, the healthcare products distribution platform, at Rs 950 per share for Rs 215.6 crore. However, ICICI Prudential Mutual Fund has acquired 21.82 lakh shares (5.01 percent stake) at same price for Rs 207.29 crore.

Smallcap World Fund was holding 5.42 percent stake in Entero as of September 2025.

<a href="https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/honasaconsumer/HCL06">Honasa Consumer</a> has also seen exchange of shares on Monday, which rallied 3.18 percent to Rs 277. Promoter Varun Alagh has bought additional 18.51 lakh shares (0.56 percent) stake) in the company at Rs 270 per share for nearly Rs 50 crore, from Fireside Ventures Investment Fund I.

Fireside Ventures Investment Fund held 1.93 percent stake in the parent company of Mamaearth, as of September 2025.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/mangalamdrugsorganics/MDO">Mangalam Drugs and Organics</a> was locked in 5 percent upper circuit at Rs 24.96, perhaps may be after Kedia Securities, owned by ace investor Vijay Kedia, picked up 1.37 lakh shares (0.87 percent stake) in the pharma company at Rs 24.15 per share for Rs 33.27 lakh.

The major action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/cement-productsbuilding-materials/birlanu/HI09">BirlaNu</a> (earlier known as HIL), the building materials company of CK Birla Group, as its shares surged 11.71 percent to Rs 1,695.20 amid high volumes after the big internal share transfer between promoter and promoter entities.

Promoter Birla Chandrakant has acquired 29.28 lakh shares (38.83 percent stake) in BirlaNu at Rs 1,517.5 per share for Rs 444.3 crore, from Shekhavati Investments and Traders, Gwalior Finance Corporation, Central India Industries, Ashok Investment Corporation, and Amer Investments Delhi which all are part of promoter group.

Further, Birla Chandrakant has bought 79,666 shares in BirlaNu at Rs 1,569.36 per share for Rs 12.5 crore, however, Hitaishi Investments sold 67,066 shares at Rs 1,575.64 per share for Rs 10.56 crore.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

SBI MF sells 2.4% in Nazara for Rs 216 crore; Smallcap World exits 5.2% of Entero

SBI Mutual Fund has offloaded 2.4 percent equity stake in Nazara Technologies, the gaming and sports media platform, via open market transactions on December 29, while promoter has acquired Rs 50 crore worth shares in Honasa Consumer, the digital-first beauty and personal care company.

Despite big stake sale, Nazara Technologies shares rallied 6.7 percent to close at Rs 253.3 on the NSE, especially after the past couple of days of consolidation.

As per the bulk deals data published by exchanges, SBI Mutual Fund sold 45.09 lakh shares in Nazara at Rs 240.18 per share, and 45 lakh shares at Rs 240.03 per share, which total amounted to over Rs 216 crore.

SBI Mutual Fund held 5.78 percent stake in Nazara Technologies as of September 2025.

The major action was also seen in Entero Healthcare Solutions which shares ended at new closing low of Rs 949.20, down 0.35 percent.

Capital Group-owned Smallcap World Fund Inc sold 22.69 lakh shares (equivalent to 5.2 percent of paid-up equity) in Entero, the healthcare products distribution platform, at Rs 950 per share for Rs 215.6 crore. However, ICICI Prudential Mutual Fund has acquired 21.82 lakh shares (5.01 percent stake) at same price for Rs 207.29 crore.

Smallcap World Fund was holding 5.42 percent stake in Entero as of September 2025.

Honasa Consumer has also seen exchange of shares on Monday, which rallied 3.18 percent to Rs 277. Promoter Varun Alagh has bought additional 18.51 lakh shares (0.56 percent) stake) in the company at Rs 270 per share for nearly Rs 50 crore, from Fireside Ventures Investment Fund I.

Fireside Ventures Investment Fund held 1.93 percent stake in the parent company of Mamaearth, as of September 2025.

Mangalam Drugs and Organics was locked in 5 percent upper circuit at Rs 24.96, perhaps may be after Kedia Securities, owned by ace investor Vijay Kedia, picked up 1.37 lakh shares (0.87 percent stake) in the pharma company at Rs 24.15 per share for Rs 33.27 lakh.

The major action was also seen in BirlaNu (earlier known as HIL), the building materials company of CK Birla Group, as its shares surged 11.71 percent to Rs 1,695.20 amid high volumes after the big internal share transfer between promoter and promoter entities.

Promoter Birla Chandrakant has acquired 29.28 lakh shares (38.83 percent stake) in BirlaNu at Rs 1,517.5 per share for Rs 444.3 crore, from Shekhavati Investments and Traders, Gwalior Finance Corporation, Central India Industries, Ashok Investment Corporation, and Amer Investments Delhi which all are part of promoter group.

Further, Birla Chandrakant has bought 79,666 shares in BirlaNu at Rs 1,569.36 per share for Rs 12.5 crore, however, Hitaishi Investments sold 67,066 shares at Rs 1,575.64 per share for Rs 10.56 crore.

Pithoragarh launches its first astro-tourism observatory for stargazing visitors, Local youth trained as astro guides, creating new jobs and authentic experiences, Uttarakhand to build more observatories to promote science tourism in hill districts

* Pithoragarh launches its first astro-tourism observatory for stargazing visitors
* Local youth trained as astro guides, creating new jobs and authentic experiences
* Uttarakhand to build more observatories to promote science tourism in hill districts

Pithoragarh, Uttarakhand, has launched its first astro-tourism observatory, offering guided stargazing and astronomy sessions. The initiative aims to boost science-led tourism, create local jobs, and position the district as a prime destination for celestial experiences.

shorts/travel/pithoragarh-gets-its-first-astro-tourism-observatory-all-you-need-to-know

Titan Company shares on Monday touched a record high after brokerages turned positive on the firm’s entry into the lab-grown diamond segment. The stock rose 1 percent to hit an all-time high of Rs 4,031.70 apiece on the NSE during the day.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/titancompany/TI01">Titan</a> shares, however, saw profit booking and settled lower at Rs 3,985 per share, down 0.18 percent.

The Tata group-backed jewellery maker on Friday announced its entry into the lab-grown diamond space under the brand name 'beYon', targeting the emerging affordable segment in the country.

The company said it will open an exclusive retail store in Mumbai on December 29, according to a regulatory filing.

"Titan will launch the brand name ‘beYon — from the House of Titan’ with an exclusive retail store in Mumbai on 29th December 2025 to cater to the adornment needs of women in lifestyle categories beyond watches, perfumes, sarees and handbags," the filing said.

Brokerages said Titan’s strong retail and distribution network is expected to help it scale up the business faster.

ICICI Securities said the company is well placed for quicker scale-up, while Morgan Stanley said the management has become more receptive to the segment over the past year, a positive shift given its strong brand portfolio, including CaratLane, Zoya and Mia.

However, Citi said the lab-grown diamond retail segment is likely to remain highly competitive with uncertain profitability, making store expansion cautious and long-term growth unclear, reported Informist.

The brand 'beYon' will offer a curated range of Lab Grown Diamond (LGD) jewellery, making a start in this emerging category with plans to add a couple of more stores in Mumbai and Delhi in the immediate near future, Titan said.

Earlier this year, Titan announced a long-term strategic collaboration with De Beers Group, the world's leading diamond company, and its leading jewellery brand Tanishq.

<em><strong>Disclaimer:</strong> The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Titan shares hit record high as brokerages upbeat about firm's lab grown diamond foray

Titan Company shares on Monday touched a record high after brokerages turned positive on the firm’s entry into the lab-grown diamond segment. The stock rose 1 percent to hit an all-time high of Rs 4,031.70 apiece on the NSE during the day.

Titan shares, however, saw profit booking and settled lower at Rs 3,985 per share, down 0.18 percent.

The Tata group-backed jewellery maker on Friday announced its entry into the lab-grown diamond space under the brand name 'beYon', targeting the emerging affordable segment in the country.

The company said it will open an exclusive retail store in Mumbai on December 29, according to a regulatory filing.

&quot;Titan will launch the brand name ‘beYon — from the House of Titan’ with an exclusive retail store in Mumbai on 29th December 2025 to cater to the adornment needs of women in lifestyle categories beyond watches, perfumes, sarees and handbags,&quot; the filing said.

Brokerages said Titan’s strong retail and distribution network is expected to help it scale up the business faster.

ICICI Securities said the company is well placed for quicker scale-up, while Morgan Stanley said the management has become more receptive to the segment over the past year, a positive shift given its strong brand portfolio, including CaratLane, Zoya and Mia.

However, Citi said the lab-grown diamond retail segment is likely to remain highly competitive with uncertain profitability, making store expansion cautious and long-term growth unclear, reported Informist.

The brand 'beYon' will offer a curated range of Lab Grown Diamond (LGD) jewellery, making a start in this emerging category with plans to add a couple of more stores in Mumbai and Delhi in the immediate near future, Titan said.

Earlier this year, Titan announced a long-term strategic collaboration with De Beers Group, the world's leading diamond company, and its leading jewellery brand Tanishq.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Gold financier stocks dropped over 2% intraday as gold prices corrected from day's highs., Manappuram, Muthoot, and IIFL Finance shares dropped after recent record highs, Gold prices fell nearly 2 percent after nearing lifetime high on MCX

* Gold financier stocks dropped over 2% intraday as gold prices corrected from day's highs.
* Manappuram, Muthoot, and IIFL Finance shares dropped after recent record highs
* Gold prices fell nearly 2 percent after nearing lifetime high on MCX

Gold financier stocks like Manappuram, IIFL, and Muthoot Finance fell over 2% from their highs as gold prices dropped sharply after nearing record levels. These stocks had surged earlier, benefiting from rising gold prices that boost loan collateral value.

shorts/business/manappuram-muthoot-finance-other-gold-financier-stocks-fall-2-intraday-as-gold-prices-decline-after-sharp-rally

* Gold financier stocks dropped over 2% intraday as gold prices corrected from day's highs.
* Manappuram, Muthoot, and IIFL Finance shares dropped after recent record highs
* Gold prices fell nearly 2 percent after nearing lifetime high on MCX

Gold financier stocks declined in trade on December 29 as gold prices sharply corrected during the day from the day's highs.

Manappuram Finance shares fell 2.4 percent from its day’s high. IIFL Finance and Muthoot Finance shares also fell more than 2 percent from their respective highs, tracking the sharp decline in gold prices.

These stocks had earlier seen a sharp surge, tracking the bull run in the yellow metal. The rising gold prices bodes well for gold financiers, as it increases the value of the collateral while issuing loans. This reduces the risk of default, as the collateral becomes more valuable relative to the loan amount issued against it.
<h3><strong>Gold prices:</strong></h3>
After nearing a lifetime high level of Rs 1,40,465 per 10 grams, gold futures with February expiry on the Multi Commodity Exchange of India (MCX) fell nearly 2 percent to Rs 1,37,646 per 10 grams.

Gold futures with April, June and August expiries also slipped into the red.

"A combination of profit-taking and seemingly productive talks between Trump and Zelensky regarding a potential peace deal have put gold, silver on the back foot," Reuters quoted KCM Trade Chief Market Analyst Tim Waterer as saying.
<h3><strong>How have the gold financier stocks been performing?</strong></h3>
These gold financier stocks recently hit record highs, accompanying gold’s bull run. <a href="https://www.moneycontrol.com/india/stockpricequote/finance-leasinghire-purchase/manappuramfinance/MGF01">Manappuram Finance</a> shares hit a fresh 52-week high of Rs 318.90 apiece on December 26, jumping 89 percent in 10 months. The stock is up over 62 percent in 2025 so far, after rising 179 percent in the past three years.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/muthootfinance/MF10">Muthoot Finance</a> shares hit a fresh 52-week high of Rs 3,890 apiece on December 24, rallying 98 percent in eight months. The stock is currently up around 70 percent in 2025 so far.

IIFL Finance shares hit a new 52-week high of Rs 607.55 apiece on December 26, jumping 117 percent in nine months. The stock is up around 42 percent in 2025 so far.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-start-liveblog-13745766.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Manappuram, Muthoot Finance, other gold financier stocks fall 2% intraday as gold prices decline after sharp rally

Gold financier stocks declined in trade on December 29 as gold prices sharply corrected during the day from the day's highs.

Manappuram Finance shares fell 2.4 percent from its day’s high. IIFL Finance and Muthoot Finance shares also fell more than 2 percent from their respective highs, tracking the sharp decline in gold prices.

These stocks had earlier seen a sharp surge, tracking the bull run in the yellow metal. The rising gold prices bodes well for gold financiers, as it increases the value of the collateral while issuing loans. This reduces the risk of default, as the collateral becomes more valuable relative to the loan amount issued against it.
Gold prices:
After nearing a lifetime high level of Rs 1,40,465 per 10 grams, gold futures with February expiry on the Multi Commodity Exchange of India (MCX) fell nearly 2 percent to Rs 1,37,646 per 10 grams.

Gold futures with April, June and August expiries also slipped into the red.

&quot;A combination of profit-taking and seemingly productive talks between Trump and Zelensky regarding a potential peace deal have put gold, silver on the back foot,&quot; Reuters quoted KCM Trade Chief Market Analyst Tim Waterer as saying.
How have the gold financier stocks been performing?
These gold financier stocks recently hit record highs, accompanying gold’s bull run. Manappuram Finance shares hit a fresh 52-week high of Rs 318.90 apiece on December 26, jumping 89 percent in 10 months. The stock is up over 62 percent in 2025 so far, after rising 179 percent in the past three years.

Muthoot Finance shares hit a fresh 52-week high of Rs 3,890 apiece on December 24, rallying 98 percent in eight months. The stock is currently up around 70 percent in 2025 so far.

IIFL Finance shares hit a new 52-week high of Rs 607.55 apiece on December 26, jumping 117 percent in nine months. The stock is up around 42 percent in 2025 so far.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Shares of Solarworld Energy Solutions jumped over 14 percent in early trade on Monday after the company bagged a fresh order from NTPC Renewable Energy.

The stock surged 14.51 percent to hit an intraday high of Rs 303 per share on the NSE. It had opened with a gap-up of 14.51 percent and maintained upward trend.

Buying interest emerged after the company said it had received an order worth Rs 725 crore from NTPC Renewable Energy for the development of a 250 MW solar project.

However, the stock later pared some of its gains and was trading at Rs 288.10 per share, up 8.88 percent.

The <a href="https://www.moneycontrol.com/india/stockpricequote/renewables/solarworldenergysolutions/SESL">Solarworld Energy</a> stock is down about 25 percent from its trading debut opening price on September 30.

<em><strong>Disclaimer:</strong> The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Solarworld Energy shares rise 10% on bagging Rs 725 crore order from NTPC Renewable Energy

Shares of Solarworld Energy Solutions jumped over 14 percent in early trade on Monday after the company bagged a fresh order from NTPC Renewable Energy.

The stock surged 14.51 percent to hit an intraday high of Rs 303 per share on the NSE. It had opened with a gap-up of 14.51 percent and maintained upward trend.

Buying interest emerged after the company said it had received an order worth Rs 725 crore from NTPC Renewable Energy for the development of a 250 MW solar project.

However, the stock later pared some of its gains and was trading at Rs 288.10 per share, up 8.88 percent.

The Solarworld Energy stock is down about 25 percent from its trading debut opening price on September 30.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Bank stocks fell for the fourth session, led by IndusInd, ICICI, and HDFC Bank., Nifty Bank consolidates; support at 58,800, resistance at 59,500., PNB, Canara Bank, and Bank of Baroda rose despite market declines.

* Bank stocks fell for the fourth session, led by IndusInd, ICICI, and HDFC Bank.
* Nifty Bank consolidates; support at 58,800, resistance at 59,500.
* PNB, Canara Bank, and Bank of Baroda rose despite market declines.

Bank stocks fell on December 29, with Nifty Bank down for a fourth session, led by losses in IndusInd, ICICI, and HDFC Bank. The index is consolidating between 58,600-59,600, with key resistance at 59,500-59,800 and support at 58,800-58,500.

shorts/business/bank-nifty-falls-below-59-000-as-indusind-icici-hdfc-bank-shares-fall-up-to-1-5-check-key-levels-to-watch-out-for

* Bank stocks fell for the fourth session, led by IndusInd, ICICI, and HDFC Bank.
* Nifty Bank consolidates; support at 58,800, resistance at 59,500.
* PNB, Canara Bank, and Bank of Baroda rose despite market declines.

Bank stocks declined on December 29, led by losses in heavyweights including IndusInd Bank, ICICI Bank and HDFC Bank. The Nifty Bank index has now declined for the fourth consecutive session.

The <a href="https://www.moneycontrol.com/indian-indices/NIFTY-BANK-23.html">Nifty Bank</a> index fell 0.32 percent to 58,823.40, as seen at 12.25 pm on Monday. Check key technical levels to watch out for some upside chances or more downside.
<h3><strong>Technical view on Bank Nifty:</strong></h3>
Nifty Bank index continued to find it difficult to gain upside traction, facing persistent supply at higher levels and swift profit-booking on even minor intraday recoveries, said SAMCO Securities. "The overall tone remained cautious and restrained, with the index largely moving within its established trading corridor," it said.

“From a technical standpoint, the index remains entrenched in a consolidation phase, with the broader range capped near 59,600 on the upside and supported around 58,600 on the downside. The continuation of a lower-high formation keeps 59,500 firmly positioned as a critical pivot for any meaningful trend reversal,” it added.

Angel One remained bullish on the index, stating that 59,500 -59,800 remain the key resistance levels to watch for. On the downside, the domestic brokerage sees the index finding support at 58,800 -58,500 levels.

The Bank Nifty is consolidating after its recent rally and is respecting key support levels, said Choice Broking. “Immediate support is seen at 58,700–58,800, while resistance is placed at 59,300–59,400. A decisive close above resistance could push the index toward 59,800–60,000, whereas a breakdown may extend consolidation,” it added.

According to Ventura's daily updates report, Bank Nifty will find its first support at 58,912, followed by 58,813 and 58,679. On the upper side, the brokerage said that the index will find resistance at 59,145, 59,279 and 59,378.

“If the trend is strong Bank Nifty will not breach (58080-57230) area. If these levels are breached one should wait for 56553-(55933-55345). Above 59478 we open for (59713 -60114- 61050—62540—63470) levels. Our view is after minor correction we have a high probability for Bank Nifty to cross 60114 and reach 61050—62540—63470 area,” Ventura said.
<h3><strong>Top losers on the Nifty Bank index today:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/indusindbank/IIB">IndusInd Bank</a> shares were the top loser on the index, falling 1.5 percent o trade at Rs 836.80 apiece. <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/ausmallfinancebank/ASF02">AU Small Finance Bank</a> shares followed, falling nearly 1 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/icicibank/ICI02">ICICI Bank</a>, IDFC First Bank and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/hdfcbank/HDF01">HDFC Bank</a> shares fell around 0.5 percent each, while <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/kotakmahindrabank/KMB">Kotak Mahindra Bank</a>, State Bank of India (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI">SBI</a>), Federal Bank and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/axisbank/AB16">Axis Bank</a> shares were trading in the red with marginal losses.

Bucking the trend, Punjab National Bank (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/punjabnationalbank/PNB05">PNB</a>), Canara Bank and Bank of Baroda shares were trading in the green with marginal gains.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-start-liveblog-13745766.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Bank Nifty falls below 59,000 as IndusInd, ICICI, HDFC Bank shares fall up to 1.5%: Check key levels to watch out for

Bank stocks declined on December 29, led by losses in heavyweights including IndusInd Bank, ICICI Bank and HDFC Bank. The Nifty Bank index has now declined for the fourth consecutive session.

The Nifty Bank index fell 0.32 percent to 58,823.40, as seen at 12.25 pm on Monday. Check key technical levels to watch out for some upside chances or more downside.
Technical view on Bank Nifty:
Nifty Bank index continued to find it difficult to gain upside traction, facing persistent supply at higher levels and swift profit-booking on even minor intraday recoveries, said SAMCO Securities. &quot;The overall tone remained cautious and restrained, with the index largely moving within its established trading corridor,&quot; it said.

“From a technical standpoint, the index remains entrenched in a consolidation phase, with the broader range capped near 59,600 on the upside and supported around 58,600 on the downside. The continuation of a lower-high formation keeps 59,500 firmly positioned as a critical pivot for any meaningful trend reversal,” it added.

Angel One remained bullish on the index, stating that 59,500 -59,800 remain the key resistance levels to watch for. On the downside, the domestic brokerage sees the index finding support at 58,800 -58,500 levels.

The Bank Nifty is consolidating after its recent rally and is respecting key support levels, said Choice Broking. “Immediate support is seen at 58,700–58,800, while resistance is placed at 59,300–59,400. A decisive close above resistance could push the index toward 59,800–60,000, whereas a breakdown may extend consolidation,” it added.

According to Ventura's daily updates report, Bank Nifty will find its first support at 58,912, followed by 58,813 and 58,679. On the upper side, the brokerage said that the index will find resistance at 59,145, 59,279 and 59,378.

“If the trend is strong Bank Nifty will not breach (58080-57230) area. If these levels are breached one should wait for 56553-(55933-55345). Above 59478 we open for (59713 -60114- 61050—62540—63470) levels. Our view is after minor correction we have a high probability for Bank Nifty to cross 60114 and reach 61050—62540—63470 area,” Ventura said.
Top losers on the Nifty Bank index today:
IndusInd Bank shares were the top loser on the index, falling 1.5 percent o trade at Rs 836.80 apiece. AU Small Finance Bank shares followed, falling nearly 1 percent.

ICICI Bank, IDFC First Bank and HDFC Bank shares fell around 0.5 percent each, while Kotak Mahindra Bank, State Bank of India (SBI), Federal Bank and Axis Bank shares were trading in the red with marginal losses.

Bucking the trend, Punjab National Bank (PNB), Canara Bank and Bank of Baroda shares were trading in the green with marginal gains.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Engineering & Construction Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Engineering & Construction industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

SBI MF sells 2.4% in Nazara for Rs 216 crore; Smallcap World exits 5.2% of Entero

Titan shares hit record high as brokerages upbeat about firm's lab grown diamond foray

Manappuram, Muthoot Finance, other gold financier stocks fall 2% intraday as gold prices decline after sharp rally

Solarworld Energy shares rise 10% on bagging Rs 725 crore order from NTPC Renewable Energy

Bank Nifty falls below 59,000 as IndusInd, ICICI, HDFC Bank shares fall up to 1.5%: Check key levels to watch out for

Engineering & Construction Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Engineering & Construction industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

SBI MF sells 2.4% in Nazara for Rs 216 crore; Smallcap World exits 5.2% of Entero

Titan shares hit record high as brokerages upbeat about firm's lab grown diamond foray

Manappuram, Muthoot Finance, other gold financier stocks fall 2% intraday as gold prices decline after sharp rally

Solarworld Energy shares rise 10% on bagging Rs 725 crore order from NTPC Renewable Energy

Bank Nifty falls below 59,000 as IndusInd, ICICI, HDFC Bank shares fall up to 1.5%: Check key levels to watch out for

Engineering & Construction Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Engineering & Construction industry stocks.