📊 Stock Market LIVE Updates: Sensex, Nifty Recover Early Losses; IT Drags, Metals Shine

The Indian stock market witnessed a volatile trading session today as benchmark indices Sensex and Nifty erased early losses and traded flat by mid-session. While heavy selling pressure was seen in IT stocks, strong buying in metal and energy sectors helped markets stabilize.

📈 Market Overview

At the start of the trading day, both Sensex and Nifty opened on a weak note due to global uncertainties and profit booking in technology stocks. However, as the session progressed, selective buying in heavyweight stocks helped the indices recover.

• Nifty IT Index fell sharply by 5%, emerging as the worst-performing sector.

• On the other hand, Nifty Metal, Infra, Oil & Gas, and Energy indices gained around 1% each.

• Nifty Midcap and Smallcap indices traded flat, indicating a cautious approach among retail investors.

This sectoral divergence clearly shows that while technology stocks remain under pressure, cyclical sectors are attracting investor interest.

🟢 Top Gainers on Nifty

Some of the major gainers that supported the market recovery included:

• Power Grid Corporation

• Tata Steel

• Coal India

• ONGC

• NTPC

Strong momentum in metal and PSU stocks helped counterbalance the fall in IT giants.

🔴 Major Losers Dragging the Market

The technology sector remained under intense selling pressure. Key IT stocks that witnessed sharp declines were:

• HCL Technologies

• Infosys

• Tech Mahindra

• Wipro

• TCS

Concerns over global IT spending, weak guidance, and profit booking led to heavy correction in this segment.

🏦 YES Bank in Focus: RBI Approves New MD & CEO

One of the key corporate developments of the day came from YES Bank, which received approval from the Reserve Bank of India (RBI) to appoint Mr. Vinay Muralidhar Tonse as Managing Director & CEO for a period of three years.

📌 YES Bank Stock Performance

Following the announcement, YES Bank shares showed positive movement:

• Current Price: ₹21.52

• Gain: ₹0.20 (0.94%)

• Intraday High: ₹21.59

• Intraday Low: ₹21.27

• Market Capitalization: ₹67,528.29 crore

However, trading volumes were lower than usual:

• Volume traded: 1,612,927 shares

• 5-day average volume: 8,148,636 shares

• Volume drop: -80.21%

52-Week Performance

• 52-week High: ₹24.30

• 52-week Low: ₹16.02

• Trading 11.44% below its 52-week high

• Trading 34.33% above its 52-week low

This appointment is seen as a strategic step toward strengthening YES Bank’s leadership and future growth plans.

📌 Key Takeaways for Investors

• Markets remain range-bound with sector-specific action.

• IT stocks continue to face pressure due to global concerns.

• Metals, energy, and PSU stocks are showing resilience.

• YES Bank remains in focus due to major leadership updates.

• Investors should stay selective and focus on fundamentally strong stocks.

💡 Final Thoughts

Today’s market movement highlights the importance of sector rotation. While technology stocks are struggling, metals and energy sectors are providing opportunities for traders and investors.

At Stock Emphasis, we continuously track such market trends to help you make informed trading and investment decisions.

📞 Contact Stock Emphasis for Expert Advisory

For daily market updates, trading tips, and personalized guidance:

📞 Phone / WhatsApp: +91 83490-46664
🌐 Website: https://stockemphasis.com
📧 Email: support@stockemphasis.com

⚠ Disclaimer

Stock market investments are subject to market risks. Please read all related documents carefully before investing.