Today, Sensex and Nifty closed flat after reaching record intraday highs. Both experienced volatile movements but ended with only marginal gains.

Sensex rose by 23 points to 81,356, and Nifty jumped by 1 point to 24,836, ending flat. Whereas, the Midcap Index surged to a record high of 58,362, gaining 594 points.

Major gainers included Larsen & Toubro, Bajaj Finserv, and ICICI Bank, while Titan Company, Bharti Airtel, and HDFC Bank were the biggest losers.

Public sector banks led gains, driven by a 6% surge in PNB’s stock after strong earnings guidance.

The market breadth favoured advances, with midcaps performing strongly.

Volatility was high, with the India VIX rising 7%. The Nifty Bank Index increased by 110 points to 51,406.

UltraTech’s plan to acquire a 32.72% stake in India Cements boosted both stocks, leading to gains. ICICI Bank and IndusInd Bank closed higher, while Power Grid and NTPC fell after their Q1 results.

Ashok Leyland rose 4% due to positive brokerage notes. L&T and NBCC gained 3% and 8%, respectively, from new order wins. Bandhan Bank surged on improved earnings, marking its largest single-day gain in four years.

City Union Bank’s stock rose 7% after reporting better-than-expected earnings. BEL, Whirlpool, and Adani Wilmar each gained up to 6% following strong Q1 results.

Biocon fell after receiving ten observations from the US FDA for its Bengaluru facility. AIA Engineering jumped 5% on news of a potential share buyback, while SBI Card and IndiGo ended lower after their Q1 results.

Zen Technologies hit the 5% upper circuit limit after a 92% year-on-year increase in Q1 revenue.

Sensex rose by 1,292.92 points to 81,332.72, while Nifty surged by 428.75 points to a record closing high of 24,834.85.

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