/industry-wired/media/agency_attachments/2024/12/04/2024-12-04t130344212z-iw-new.png)
/industry-wired/media/agency_attachments/2024/12/04/2024-12-04t130332454z-iw-new.jpg)
/industry-wired/media/media_files/2025/02/06/YRk61qkD2YWfCdOCo0Jv.jpg)
/industry-wired/media/media_files/2025/02/06/YRk61qkD2YWfCdOCo0Jv.jpg)
Markets see sectoral shifts with pharma, finance, and construction leading gains
The Indian stock market witnessed a mixed trading session, with fluctuations driven by sectoral performances and global cues. The indices reflected cautious investor sentiment, while select stocks posted notable gains. Pharmaceuticals, construction, and finance stocks outperformed, while certain sectors saw subdued activity.
Pharmaceutical Stocks Surge
The pharmaceutical sector led market gains, with GlaxoSmithKline Pharmaceuticals emerging as the top performer. The stock jumped 8.89%, closing at ₹2,177.00, driven by strong earnings and positive market sentiment. Zydus Life followed closely, recording a 4.21% increase to ₹1,018.10, benefiting from robust drug approvals and increased institutional buying.
Abbott India also saw strong momentum, surging 4.11% to ₹28,945.70, while Emcure Pharmaceuticals closed at ₹1,300.45, marking a 4.05% rise. Natco Pharma gained 3.07%, reaching ₹1,323.05, amid positive revenue guidance. The sector’s overall bullish movement indicates sustained demand for pharmaceutical stocks amid favorable industry developments.
Auto and Industrial Stocks Post Gains
The auto and industrial segments displayed strength, with Sona BLW leading the charge. The stock rose 3.33% to ₹532.15, reflecting strong demand in the auto ancillaries space. Castrol India recorded a 5.74% gain, closing at ₹205.17, amid expectations of stable crude oil prices and consistent demand for lubricants.
Redington, operating in the hardware sector, surged 5.34% to ₹225.79, buoyed by increasing demand for computer peripherals. Netweb Technologies, a major player in the computer peripherals sector, climbed 4.08% to ₹1,823.00, supported by growth in IT infrastructure investments.
Finance and Housing Sector Momentum
Finance stocks witnessed selective buying, with KFin Technologies rising 4.59% to ₹1,200.65, benefiting from increased investor participation in capital markets. Sammaan Capital, focused on housing finance, posted a 3.66% gain, closing at ₹146.04, as the real estate sector showed signs of continued growth.
Ujjivan Small Finance Bank saw an uptrend of 3.4%, reaching ₹38.28, as financial inclusion efforts gained traction. Investors showed renewed confidence in small and mid-sized banks amid improving credit growth trends.
Construction and Real Estate Stocks in Focus
Construction and infrastructure stocks attracted buying interest, with KNR Constructions gaining 5.02% to ₹294.85, reflecting optimism in the civil contracting sector. Anant Raj, a key player in real estate, rose 3.16% to ₹602.80, driven by positive real estate demand trends.
Rajesh Exports, a leader in diamond cutting and precious metals, advanced 4.84% to ₹194.35, reflecting strong demand for gold and jewelry-related stocks. Cement companies also performed well, with JK Lakshmi Cement and Birla Corporation gaining 3.48% and 2.9%, respectively.
Power and Energy Stocks Gain Ground
Energy stocks posted steady gains, with Torrent Power rising 2.96% to ₹1,373.15, backed by expectations of higher energy demand. Sumitomo Chemicals, in the pesticides and agrochemicals sector, recorded a 2.98% increase, closing at ₹539.50, reflecting strong seasonal demand.
Market Outlook
The broader market reflected sectoral rotation, with pharmaceuticals, finance, construction, and energy stocks witnessing strong buying interest. Investors focused on earnings reports and industry trends while closely monitoring global market movements. The market remains poised for further activity, with sector-specific catalysts expected to drive sentiment in the coming sessions.