Market wrap: Kotak Bank, Power Grid among top gainers and losers on Nifty and Sensex on Wednesday

retained text

The NSE Nifty50 settled at 24,207.75, down 126.80 points, or 0.52%, while the Sensex finished 183.15 points, or 0.24%, lower at 77,472.94.
Broader markets ended mixed, with the Nifty Smallcap 100 rising 0.8%, while the Nifty Midcap index slipped into the red.
Among sectors, the Nifty Realty and Nifty Consumer Durables indices fell around 1% each, while Nifty Metal and Nifty Private Bank indices gained more than 1% each.
Despite the weakness in the benchmarks, overall market breadth favoured the bulls. On the NSE, 1,967 stocks advanced against 1,548 declines, while 130 stocks remained unchanged.
ALSO READ: 14 midcap stocks crash up to 55% from their peaks. Are you holding any?
Here are today’s top gainers on the Nifty
Nifty formed a Dark Cloud Cover pattern on the daily timeframe, raising the possibility of a bearish move in the coming days. However, the broader trend remains positive as the index continues to trade within a rising channel. Today, the index found support just above the 50 EMA.
Overall, range-bound trading continues, with sellers emerging at higher levels, said Rupak De, Senior Technical Analyst at LKP Securities. The RSI has once again entered a bearish crossover.
“A fall below 24,130 could trigger a serious correction, potentially dragging Nifty towards 23,900 and 23,700. On the higher end, a rock-solid resistance is placed at 24,350. Only a sustained move above 24,350 could change the current perception; until then, choppiness is likely to prevail," De said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

document fetched 2026-08-26 20:23