Sensex Today | Stock Market Highlights: The Indian equity market extended its losing streak for the seventh consecutive session on Monday, with the Sensex falling 61 points to settle at 80,364 and the Nifty losing 20 points to close at 24,634. Despite the decline in benchmark indices, the broader market showed resilience, with the Nifty Bank index rising 72 points to 54,461 and the Nifty Midcap index advancing 154 points to 56,533.
Sensex Today | Stock Market Highlights: The Indian equity market extended its losing streak for the seventh consecutive session on Monday. Oil marketing companies gained 3-5% after the Oil Minister emphasised that fuel prices remain undervalued and suggested higher valuations. Bharat Electronics Ltd (BEL) rose over 1% following an order worth ₹30,000 crore from the Indian Army. IndusInd Bank climbed more than 1% after an upgrade by Morgan Stanley, while Muthoot Finance and Manappuram Finance recovered nearly 2% each as gold prices extended their record run.
Oil India advanced 2% after reporting a natural gas discovery in the Andaman offshore block. IRFC rose 2% after signing loan agreements worth ₹20,000 crore. Vascon Engineering surged 20% following a memorandum of understanding with Adani Infra, expected to boost annual revenue by 30%. Paradeep Phosphates gained 7% on plans to set up a new sulphuric acid plant in Odisha, while Wockhardt jumped over 15% after the US exempted trade partners from pharmaceutical tariffs.
However, shipbuilding stocks witnessed profit booking and closed lower, with Garden Reach down more than 4%.
