Indian markets inched higher as auto stocks supported the index while IT and pharma weighed on sentiment. GMDC stood out among the biggest gainers, joining Netweb and MosChip in sharp moves attributed to earnings, market bids, and sector rotation. On the other side, Apollo Micro, SpiceJet, and Vedanta slipped amid earnings pressure and bid or demand concerns.
Markets fell for a second consecutive day as sharp price swings hit several high-attention names including Kaynes Technology, Swiggy, SpiceJet and Coforge. Selling pressure in IT and auto-linked stocks pulled headline indices lower, amplifying volatility across the session and keeping investors focused on the week’s next catalysts.
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Nifty and Sensex climbed to fresh lifetime highs for the first time in 14 months, driven by strong sectoral momentum. Ashok Leyland, Gallard Steel and GMDC were among the biggest gainers, while Whirlpool, CarTrade and Magellanic Cloud slipped sharply. Movement was influenced by deal developments and heavy selling across pockets of the market.
Adani Green, Ixigo, Paytm and other heavyweight stocks saw sharp, unusual moves on Friday as markets slipped under broad-based selling. While the overall sentiment weakened, investors rotated toward select shares, driving notable gains and losses across the spotlight watchlist. The day underscored how quickly trading momentum can diverge from the market trend.
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