The stock market today saw a mix of gains and losses, with the NSE Nifty 50 gaining 0.15% to settle at 22,402.40, and the BSE Sensex jumping 0.16% to 73,852.94.
One of the top gainers in the market was RVNL, which surged by 2.63% on the NSE after emerging as the lowest bidder for the redevelopment of Thiruvananthapuram Central Railway Station.
However, not all companies saw positive movement, with Tata Elxsi witnessing a decline of over 3% despite announcing a dividend of Rs 70 per equity share. The dip came after the company reported a 4.6% decrease in net profit compared to the previous quarter.
In terms of market outlook, experts are optimistic about the future, with the Nifty remaining sideways but showing positive trends. The technical landscape suggests major support at the 22200 mark, with potential resistance at 22400.
Overall, the market was influenced by global factors, with Asian markets trading higher following strong earnings in the US market. The US Dollar Index traded lower, and foreign institutional investors sold shares net worth Rs 3,044.54 crore, while domestic institutional investors bought shares net worth Rs 2,918.94 crore.
The market continues to show resilience and potential for growth, despite some companies facing challenges in their quarterly results.
