Mumbai: Bombay Stock Exchange (BSE) building, in Mumbai

Shares of Nestle India, Hindustan Unilever, Hero Motocorp, Titan and Tata Consumer Products traded among major gainers, while Wipro, Trent, Infosys, Tech Mahindra and Tata Steel depreciated.

Nifty midcap 100 slipped 0.39 per cent to 49,643.05 as at 12.52 pm. Nifty smallcap index declined 0.64 per cent to 15,289.95.

The broader benchmark indices continued to trade lower amid global trade tensions.

Sensex traded lower by 317.82 pts or 0.43 per cent at 73,909.26 after opening at 74,103.83, and Nifty 50 declined 106.55 pts or 0.47 per cent to 22,429.30 as at 12.54 pm.

On the domestic front, RBI slashed repo rate by 25 bps to 6 per cent and shifted its monetary policy stance from neutral to accommodative.

Top gainers & losers today

Banking stocks fell, including gold loan NBFCs Cholamandalam, IIFL Finance, Muthoot Finance, Manappuram Finance as RBI revised repo rate and aims to issue comprehensive regulations on prudential norms for gold loans.

Public sector banks such as Indian Bank, Bank of Baroda, Union Bank of India and Canara Bank depreciated 2 per cent.

IT stocks continued to drag the broader index, while metal and pharma also depreciated. FMCG and auto index showed resilience despite market descent.

Nearly 1,828 stocks declined out of 2,704 stocks that were traded on the National Stock Exchange as at 12.48 pm. Only 811 shares advanced.

Shares of Nestle led the gainers with 3.30 per cent surge to ₹2,350 and HUL followed with 2.51 per cent increase to ₹2,346.80.

Auto major Hero Motocorp traded 2.51 per cent positive at ₹3,663.80.

Titan shares continued gaining momentum from previous trading session, with 2.01 per cent surge to ₹3,184.95. The stock had hit a 52-week low of ₹2,925 on April 7, 2025.

Tata Consumer Products gained 1.60 per cent to ₹1,086.85.

On the flip side, IT major Wipro slumped 3.94 per cent to ₹237.50, close to the day’s low of ₹234.

Trent followed with 2.51 per cent decline to ₹4,647.35.

IT stocks Tech Mahindra fell 2.38 per cent to ₹1,283.10 and Infosys dipped 2.22 per cent to ₹1,397.15. Tata Steel depreciated 2.12 per cent to ₹127.52.

Muthoot Finance (over 7 per cent down), Glenmark, Lupin, Phoenix Mills, Policy Bazaar, Biocon and Persistent Systems were among the major laggards of midcap index.

Shares of Jai Corp, NMDC, Orchid Pharma and Inox Green were among the 33 stocks that hit 52-week lows., while IndiGo and Waaree Renewables hit 52-week highs.

On the BSE, Cartrade Tech and LT Foods plunged 10 and 8 per cent, respectively.

Published on April 9, 2025