Stock market has demonstrated resilience despite the Hindenburg report’s concerns

The Indian stock market saw a mixed day with the Sensex gaining 200 points, or 0.24%, ending at 79,900.98, while the Nifty rose by 48.40 points, or 0.20%, closing at 24,415.90.

The market breadth was slightly negative, with 1,715 shares advancing, 1,737 shares declining, and 106 shares remaining unchanged.

Among the top gainers on the Nifty were JSW Steel, Hero MotoCorp, Infosys, Axis Bank, and HDFC Bank. Conversely, the top decliners included Apollo Hospitals, Adani Ports, Adani Enterprises, NTPC, and Power Grid Corp.

Sector-wise, the IT, metal, and real estate sectors each saw an increase of 0.5%, while the power, media, and PSU banking sectors experienced declines of 0.5% to 1%.

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