Market at Close | Nifty snaps 4-day losing streak, led by Bharti Airtel, L&T, Dixon Tech gains

About this update from Dixon Technologies (india) Ltd.

The equity benchmark indices BSE Sensex and NSE Nifty ended largely higher on Wednesday (May 13), snapping a four-session losing streak after a volatile trading session led by gains in telecom, metal and select industrial stocks.The Sensex rose 50 points to close at 74,609, while the Nifty gained 33 points to settle at 23,413. The Nifty closed above the 23,400 mark, with Bharti Airtel Ltd, Larsen & Toubro Ltd, Tata Steel Ltd and Asian Paints Ltd emerging as the top contributors.Broader markets outperformed the benchmarks, with the midcap index rising 460 points to 60,165. Market breadth remained positive, with the NSE advance-decline ratio at 3:2 in favour of advances.Banking stocks underperformed, dragging the Nifty Bank index down 99 points to 53,456. Federal Bank Limited fell more than 2% from the day’s high. The rupee hit a record low of 95.80 against the US dollar during the session.From the Sensex basket, Asian Paints Ltd, Adani Enterprises Ltd, Tata Steel Ltd, Hindalco Industries Ltd, Adani Ports & Special Economic Zone Ltd and Bharat Electronics Ltd were the major gainers. Eicher Motors Ltd, Mahindra & Mahindra Ltd, Power Grid Corporation of India Ltd, Infosys Ltd, Bajaj Auto Ltd and Shriram Finance Ltd were the biggest laggards.The Nifty IT index extended losses from the previous session, with all constituent stocks ending lower except Mphasis Ltd. Among earnings-driven movers, Cipla Ltd rose nearly 3%, while Dr Reddy's Laboratories Ltd ended in the red following their March quarter results.Dixon Technologies (India) Ltd jumped nearly 10% after reporting quarterly earnings above estimates. Vodafone Idea Ltd surged 8% after announcing that its board will consider a fundraise proposal on May 16.MTAR Technologies Ltd climbed 9% after the company raised its FY27 revenue growth guidance to 80% from 50%. Metal stock Hindustan Zinc Ltd gained more than 4% after the government increased the effective import tax on gold and silver to 15% from 6%.Oil marketing companies ended near the day’s highs, with Hindustan Petroleum Corporation Ltd rising over 5% after its quarterly results.Berger Paints India Ltd advanced nearly 4% on strong fourth-quarter earnings. On the downside, Torrent Power Ltd dropped 9%, while Tata Power Company Ltd fell nearly 3% following weak March quarter results.

View stock analysis, news, and events for Dixon Technologies (india) Ltd.