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I) Nifty: opened at 23050 and touched a high of 23144, then a low of 22798 and closed at 23045 with a total of -26 points in Negative.
II) Bank Nifty: opened at 49402 and touched a high of 49702, then a low of 48734, and closed at 49479 with a total of +76 points Positive.
III) CNX Finance: opened at 23068 and touched a high of 23310, then a low of 22819, and closed at 23192, with a total of +103 points in Positive.
IV) Nifty Mid Select: open 11454 and touched a high of 11494, then a low of 11149 and closed at 11395, With a total of -76 points in Negative.
1. TVS Supply:- TVS Supply Chain Solutions has hit a new 52-week low, reflecting significant volatility and a 10.29% decline over the past five days. The stock is trading below key moving averages and has dropped nearly 30% over the past year, contrasting with the Sensex's gains, indicating ongoing challenges in the logistics sector.
2. Ashok Leyland:- Ashok Leyland reported a 32% YoY increase in standalone net profit for Q3, reaching ₹762 crore, surpassing expectations. Revenue rose by 2.7% YoY to ₹9,478 crore, with EBITDA at ₹1,211 crore and margins at 12.8%.
1. Bayer CropScien:- 1. Bayer CropScien:- Bayer CropScience Ltd notched up a volume of 1.4 lakh shares by 14:14 IST on NSE, a 13.89-fold spurt over the two-week average daily volume of 10081 shares.
2. Sammaan Capital:- Sammaan Capital, a midcap finance-housing firm, has faced notable volatility, with its stock hitting a new 52-week low and experiencing a cumulative decline over three days. The company's performance has lagged behind both its sector and the broader market, indicating ongoing challenges in the current trading environment.
Mining shares ended lower in Wednesday’s trading session, reflecting a mixed performance across the sector. Despite the overall decline, several stocks managed to post gains, offering some optimism to investors. Market sentiment remained cautious as global commodity prices fluctuated and concerns over demand persisted.
Among the top gainers, Pokarna Ltd. led the rally with a 3.56% increase, followed by NMDC Ltd., which saw a 2.30% rise. MOIL Ltd. also performed well, gaining 2.13%, while 20 Microns Ltd. added 1.62% to its value. The upward movement in these stocks was driven by positive investor sentiment and strong fundamentals in select mining segments.
Other notable gainers included Madhav Marbles & Granites Ltd., which rose by 1.46%, and Coal India Ltd., which edged up 0.38%. KIOCL Ltd. also posted a modest gain of 0.30%, benefiting from stable demand in the iron ore market. These stocks showed resilience despite the broader sector's weak performance.
Additionally, Gujarat Mineral Development Corporation Ltd. registered a 0.13% increase, while Sandur Manganese & Iron Ores Ltd. closed with a slight 0.06% gain. While these movements were relatively small, they highlighted selective buying in certain mining stocks. However, the broader market sentiment in the mining sector remained subdued due to ongoing economic uncertainties.
