Gaurav Garg, Research Analyst Lemonn Markets Desk
The Indian stock market ended on a positive note today, with the Nifty 50 closing at 24340.95, up 33.04 points or 0.14%. The session was characterized by a Rising wedge pattern as the index opened at 23362.4, reached a high of 23582.95, and touched a low of 23262.55. The BSE Sensex also climbed, finishing the day at 74608.98, reflecting a gain of 49.73 points or 0.06%.
Sector-wise, the market showed a mixed trend with a slight positive bias. Metal stocks outperformed significantly, leading the gains, followed by strength in Construction, Oil & Gas, and Cement, indicating buying interest in cyclical sectors. Healthcare, FMCG, Chemicals, and IT-related segments also witnessed mild gains, supporting the broader market. On the downside, Auto and IT sectors faced notable selling pressure, while Banking indices including PSU and Private Banks, along with Realty and Media, remained under slight pressure due to profit booking. Overall, the sectoral performance reflected selective buying with a tilt towards metals and infrastructure-driven themes.
The rebound was also supported by relatively stable global cues, helping reduce immediate downside pressure. However, gains remained limited due to elevated crude oil prices raising inflation concerns and continued FII outflows, which kept the overall market sentiment cautious and led to a selective, measured upmove rather than a strong broad-based rally.
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