Sensex, Nifty 50 deliver volatile trend, Adani Ports, IndusInd, Eternal lead gainers, auto stocks, JSW Steel, Railtel, Indus Towers, Newgen in action

Nifty midcap 100 dropped 0.85 per cent to 53,663.15, while smallcap 100 dipped 0.08 per cent to 16,436.15

Equity indices erased early gains in mid-trading session. Sensex traded 118.42 pts or 0.15 per cent positive at 80,360.66 as at 12.51 pm, while Nifty 50 dipped 32.60 pts or 0.13 per cent to 24,301.60. The volatility index was up 2.88 per cent to 18.75.

All sectoral indices except oil & gas declined to trade in negative territory. Nifty midcap 100 dropped 0.85 per cent to 53,663.15, while smallcap 100 dipped 0.08 per cent to 16,436.15.

Top gainers & losers

Shares of Adani Ports, IndusInd, Maruti, Tata Motors and Eternal (Zomato) lead the gainers among Nifty 50 components, while JSW Steel, Eicher Motors, Bajaj Auto, Nestle and HDFC Life depreciated.

Of the total 2,734 stocks traded on the National Stock Exchange, 1,025 advanced and 1,608 declined. Coromandel International and ICICI Bank were among the 21 stocks that hit 52-week high, while 23 stocks including Swiggy hit the 52-week low.

Railtel, Newgen Software, Sonata Software shares shine over 9 per cent among smallcap, while Data Patterns, KFin Tech and Crompton declined.

Among midcap stocks, Phoenix Mills, Indus Towers and Federal Bank plunged 4-8 per cent.

Shares in action

Adani Group stocks — Adani Ports and Adani Enterprises — continued gaining momentum following strong Q4 results. Eternal, Railtel, Godrej Properties, MOIL shares were also in action due to quarter results. In addition, Marico, IOB, CUB, Jindal Saw, Aether and more are set to announce Q4 results today. track live updates

IndusInd shares rose 1.88 per cent to ₹854.20 as at 12.48 pm. The bank may tap Axis Bank deputy MD Rajiv Anand for the MD, CEO role at the lender, after former CEO Sumant Kathpalia resigned from his post taking moral responsibility for the discrepancies found in the lender’s derivatives portfolio, sources say.

JSW Steel plunged 7.21 per cent to ₹955.60. Rejecting the company’s resolution plan, the Supreme Court has ordered liquidation of Bhushan Power and Steel Ltd (BPSL).

Auto stocks were in focus following mixed sales figures in April. TVS Motors gained 1 per cent, while Eicher Motors, Ashok Leyland, Bajaj Auto, Hero Motocorp and Motherson declined 1-3 per cent.

On the BSE, Force Motors led the gainers with 10 per cent rally.

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Published on May 2, 2025