6 hours ago
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Stock Market Closing (July 28): Indian benchmark indices ended in red after a volatile session. Sensex fell above 572 points to close at 80,891 and Nifty closed above 24,650.
On the sectoral front, the realty and banking indices witnessed selling pressure in Monday’s trade. Realty stocks like Lodha Developers, Prestige Estates, and Oberoi Realty were among the top losers, dragging the Nifty Realty index lower. In the banking pack, Kotak Mahindra Bank led the decline among private lenders following a weak Q1 performance.
On the flip side, pharmaceutical stocks bucked the broader trend. Laurus Labs and Cipla were among the top gainers in the Nifty Pharma index, riding high on earnings optimism and sectoral tailwinds.
Midcap stocks held their ground, registering modest gains, while smallcap counters were slightly under pressure amid mixed cues and selective buying.
TCS shares slipped nearly 2 per cent after the IT giant announced plans to cut 12,000 jobs in FY26.
CDSL dropped 4 per cent as Q1 profit fell 24 per cent YoY to Rs 102 crore.
Lodha Developers plunged over 6 per cent despite a 42 per cent jump in Q1 profit.
Market participants will keep an eye on global cues and earnings momentum for direction in the coming sessions.
This is a developing story. More to come...
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