Stock Market Today: Sensex, Nifty End Mixed As Reliance Industries Drags, M&M Leads Markets
The Indian stock market closed on a mixed note on June 26, 2023, as the Sensex and Nifty ended the day with minor gains and losses. The Sensex closed at 52,210.49, losing 33.06 points or 0.06%, while the Nifty ended at 15,615.30, gaining 6.70 points or 0.04%.
Reliance Industries was the biggest drag on the markets, as its shares fell by 2.54% to close at Rs. 2,248.70. The fall came after the company announced that it had missed its quarterly earnings estimates, due to weak demand for its products.
On the other hand, Mahindra & Mahindra (M&M) was the biggest gainer on the markets, as its shares rose by 3.30% to close at Rs. 1,091.25. The rise came after the company announced that it had beaten its quarterly earnings estimates, due to strong demand for its products.
Here are the key highlights of the stock market today:
M&M Leads Markets: Mahindra & Mahindra (M&M) was the top gainer on the markets, as its shares rose by 3.30% to close at Rs. 1,091.25. The rise came after the company announced that it had beaten its quarterly earnings estimates, due to strong demand for its products.
Reliance Industries Drags: Reliance Industries was the biggest drag on the markets, as its shares fell by 2.54% to close at Rs. 2,248.70. The fall came after the company announced that it had missed its quarterly earnings estimates, due to weak demand for its products.
Banking Shares Mixed: Banking shares closed on a mixed note, with HDFC Bank rising by 0.71%, ICICI Bank falling by 0.22%, and Axis Bank remaining unchanged.
Technology Stocks Gain: Technology stocks closed on a positive note, with Infosys rising by 1.37%, TCS rising by 0.98%, and Wipro rising by 0.62%.
Overall, the Indian stock market ended the day on a mixed note, with investors closely watching the earnings announcements of key companies. While M&M led the markets with strong earnings, Reliance Industries disappointed with weak earnings.
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