Market wrap: Adani Enterprises, Kotak Mahindra Bank, HDFC Bank, M&M top gainers and losers on Nifty and Sensex on Thursday

retained text

At the close, the NSE Nifty50 was quoted at 24,090.85, down 116.90 points or 0.48%, while the BSE Sensex finished 539.35 points or 0.70% lower at 76,933.59.
Broader markets remained under pressure too, as the Nifty Midcap 100 and Nifty Smallcap 100 indices settled lower by 0.10% and 0.13%, respectively.
On the sectoral front, barring Nifty Pharma, Healthcare, Consumer Durables and select private banks, the other sectors settled lower, with Nifty PSU Bank being the top laggard, settling nearly 1% lower.
Market breadth was in favour of the bears, as 2,160 out of 3,619 traded stocks on the NSE settled lower, while 1,341 managed to finish with gains. Meanwhile, 118 stocks remained unchanged on Thursday.
ALSO READ: Up to 407% returns! 12 recently listed stocks turn multibaggers as Nifty IPO index hits 52-week high
Here are today’s top gainers on the Nifty
From a technical point of view, the Nifty 50 index has slipped below the rising channel on the daily timeframe, indicating an increase in bearishness in the market. In addition, the index has fallen below the 50EMA, confirming a weakening trend. The daily RSI has also broken below its rising trendline, indicating further loss of momentum.
According to Rupak De, Senior Technical Analyst at LKP Securities, further weakness could emerge in the near term, potentially dragging the Nifty towards 23,900 and lower. On the higher end, resistance, De said, is placed at 24,200/24,350.
(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 2026-08-27 13:04