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Indian stock markets traded largely flat in mid-day deals on Monday amid broad-based selling in IT, pharma, and metal stocks. The BSE Sensex was down 74 points or 0.09 per cent at 83,358.84, while the NSE Nifty50 slipped 26 points or 0.1 per cent to 25,435.05.
In the broader market, the BSE MidCap index remained flat with a negative bias, and the BSE SmallCap index was down 0.29 per cent.
FMCG Stocks Gain as Urban Demand Improves
Shares of FMCG companies were in focus, with the BSE FMCG index rising 1 per cent, outperforming the benchmark indices. Analysts attribute the gains to a recovery in urban demand and an uptick in volume growth in the sector.
Nykaa Shares Gain on Q1 Revenue Outlook
Nykaa (FSN E-Commerce Ventures) shares climbed nearly 2 per cent to an intraday high of Rs 202.40 after the company released its Q1FY26 revenue guidance, projecting net revenue growth at the lower end of the mid-twenties, while gross merchandise value (GMV) is expected to surpass mid-twenties growth. As of 9:50 AM, Nykaa was trading 1.26 per cent higher at Rs 200.73. The stock has gained 21.4 per cent in 2025 on the NSE.
Dabur Rises Nearly 4% on Volume Recovery
Dabur India shares surged 3.89 per cent intraday to Rs 514.3, their steepest one-day gain since January 30, supported by a sequential recovery in demand and improved urban volume growth. The stock trimmed gains slightly to trade 3.6 per cent higher at Rs 513.3 as of 10:18 AM, while the Nifty50 index was down 0.10 per cent.
Petronet LNG, L&T Finance Among Top Midcap Movers
Petronet LNG shares jumped 3.3 per cent to an intraday high of Rs 307.85, and were last seen trading 2.84 per cent higher at Rs 306.45 on the BSE. The company’s market capitalisation stood at Rs 46,050 crore, with a 52-week range of Rs 269.9 to Rs 384.9.
Meanwhile, L&T Finance (LTF) stock hit a multi-year high of Rs 211.20, rising 3 per cent in Monday’s intra-day session. Backed by its Q1FY26 business update, the NBFC reported an 18 per cent year-on-year (YoY) rise in its retail loan book, which stood at Rs 99,800 crore, up from Rs 84,444 crore a year ago.
Indian Rupee Falls on US Tariff Threats Against BRICS Nations
The Indian Rupee opened 18 paise lower at 85.57 against the US dollar on Monday amid fresh geopolitical concerns. US President Donald Trump threatened to impose an additional 10 per cent tariff on countries aligning with the “Anti-American policies of BRICS,” escalating uncertainty in the currency markets.
“All Asian currencies traded in the red, with the Thai Baht leading the fall,” as traders remained cautious ahead of the US reciprocal tariff deadline, Bloomberg reported.
The rupee has appreciated 0.17 per cent so far this month, recovering slightly after a 0.18 per cent decline in the first half of 2025.
In a Truth Social post, President Trump warned: “Any country aligning themselves with the Anti-American policies of BRICS will be charged an ADDITIONAL 10 per cent Tariff. There will be no exceptions to this policy.”
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