Market Close: Indices End Marginally Higher, Snap Four-Day Losing Streak Amid Sectoral Rotation 

Mumbai, May 13: Markets edged up on Wednesday after swinging all day, snapping their four-day losing, as metal, oil-linked and consumer stocks came to the rescue even as gains were capped by declines from IT, auto and banking shares.     

The Sensex rose 49.7 points to settle at 74,608.98, and the Nifty climbed 33 points to scale 23,413 level. 

As many as 2,328 stocks advanced against 1,690 declines, showing positive market breadth. And broader markets ran past benchmarks indices as the Nifty Midcap 100 index climbed 0.8 per cent and the Smallcap 100 index rose 0.3 per cent. 

Sectoral Trends 

Metal stocks led the rally, with their index surging more than 3%. Oil & gas, infrastructure, and consumer durables also followed suit. Among oil marketing companies, HPCL surged more than five per cent after releasing its earnings. Another oil linked stock, Berger Paints, also gained four per cent after results. 

But IT, auto, and banking stocks capped gains. The IT index declined 1.13 per cent, falling for a second session, and the auto index skidded nearly 1 per cent. The bank index fell 99 points to 53,456. 

India VIX, the volatility index, did not flash fear this time around, instead signalling caution with a 0.73 per cent increase to 19.42, despite market recovery.  

Nifty Winners, Losers 

Asian Paints took on a shine as the top Nifty gainer, rising 4.5 per cent. Other winners included Adani Enterprises, Bharat Electronics, Tata Steel, Hindalco, and Adani Ports. On the other hand, Eicher Motors proved to be the top loser, declining over 2 per cent. Tata Consumer Products, M&M, Infosys, Bajaj Auto and Tech Mahindra also joined the losers club.  

On BSE Midcap, SAIL surged over 14 per cent to top the list of gainers. Other winners included Muthoot Finance, Dixon Technologies, HPCL, NMDC, and Biocon. On the flip side, Torrent Power ended up as the top loser, declining nearly 9 per cent. Other laggards included Sun TV Network, Max Financial, Vedant Fashions, and Aegis Vopak.  

The rupee, meanwhile, closed at a new record low of 95.71 against the dollar, as elevated crude oil prices and global cues continued to hammer the home currency.  

Policy also affected stocks with Hindustan Zinc rising over four per cent after the government increased the import duty on precious metals to 15 per cent from 6 per cent.  

Rotation Theme 

The day’s movement reflected a sectoral rotation theme, with investors shifting focus toward commodity-linked and cyclically sensitive stocks while trimming positions in defensives and recent outperformers. Volatility remained elevated through the session, but sustained buying in metals and select domestic-focused sectors helped the market close in positive territory. 

Overall, the session was characterised by sharp intraday swings, improved market breadth, and strong performance in midcaps. While benchmark gains were modest, the broader tone suggested resilience after recent losses. 

Source:

• NSE
• BSE