The Nifty 50 fell 27.15 points, or 0.12%, to 23,214.95, while the BSE Sensex rose 64.42 points, or 0.09%, to 73,983.18.
Broader markets were weak, with the Nifty MidCap down 1.49% and Nifty SmallCap falling 1.33%.
Impact On The Stock Market
Sectoral highlights:
- Underperformers: Nifty Media, Nifty PSU Bank, Nifty Realty
- Outperformers: Nifty FMCG, Nifty Private Bank, Nifty Chemical
Markets reacted to mixed domestic earnings, geopolitical uncertainty, and fluctuating commodity prices, leading to selective sectoral movements.
| Sector/Index | Performance |
| IT & BPM sector | -1.62% |
| Healthcare sector | 0.33% |
| Oil & Gas sector | -0.22% |
| Real estate sector | -0.64% |
| PSU Bank in India | -0.89% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| ICICI Bank | 1,317.00 | 1.83 |
| M&M | 3,000.90 | 1.64 |
| Kotak Mahindra | 393.35 | 1.35 |
| JSW Steel | 1,282.30 | 0.98 |
| Grasim | 3,089.50 | 0.60 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Infosys | 1,114.60 | -2.68 |
| HCL Tech | 1,110.20 | -1.93 |
| Eternal | 235.20 | -1.92 |
| Adani Ports | 1,787.10 | -1.87 |
| Trent | 2,710.90 | -1.59 |
Market aftermath: Impact on stocks
Reliance Industries gains on AI data centre deal
Reliance Industries rose 2.39% after partnering with Meta to develop a 168 MW AI-enabled data centre in Jamnagar, Gujarat. The facility, expected within two years, will be powered by renewable energy and use desalinated seawater for cooling. The deal strengthens India’s digital infrastructure capabilities and enhances Reliance’s strategic relationship with Meta.
Gold financiers fall on bullion price drop
Shares of gold-linked companies declined after a 2% drop in global gold prices. Manappuram Finance fell 6.18%, while Muthoot Finance dropped 3.09%. Hindustan Zinc declined 2.86%, and IIFL Finance fell 2.31%. The decline reflects weaker investor sentiment amid global commodity volatility.
Meesho rises after block deal and brokerage coverage
Meesho Ltd gained 2% after a Rs 1,540 crore block deal and a Buy rating from Jefferies with a target price of Rs 225. The deal coincided with the expiry of the company’s six-month shareholder lock-in period, enabling a portion of pre-IPO holdings for trading. The stock has risen about 53% from its IPO issue price.
Crude oil trends
Crude oil futures traded higher after US forces launched additional strikes on Iran in response to attacks on a US Apache helicopter:
- August Brent: $94.46 (+1.46%)
- July WTI: $91.52 (+1.66%)
- June MCX crude: ₹8,774 (+0.55%)
- July MCX crude: ₹8,620 (+0.38%)
The strikes targeted Iranian military infrastructure and surveillance systems near the Strait of Hormuz, supporting a tighter global oil market. These developments underscore ongoing regional risks impacting energy prices.
Conclusion
Markets ended mixed on Thursday as metals, PSU banks, and realty trimmed gains amid geopolitical concerns and commodity volatility. Reliance Industries, Meesho, and FMCG stocks led selective gains, while IT, metals, and gold financiers lagged. Crude oil volatility and regional tensions continue to influence investor sentiment, keeping markets sensitive to global and domestic developments.
