The BSE Sensex fell marginally by 77 points to close at 81,374, while the Nifty 50 eased 34 points to end at 24,717. The Nifty Bank index gained 356 points, closing near a record high at 57,776. The BSE Midcap index rebounded strongly from early losses, rising 154 points to finish at 55,903, up nearly 1% from its lows.
Metal stocks came under pressure after U.S. President Donald Trump doubled tariffs on steel and aluminium to 50%. Sector heavyweights faced selling, dragging overall metal shares lower.
In corporate news, Mphasis declined 3% on reports of losing one of its largest clients. Hero MotoCorp dropped 2% and Tata Motors slipped 1% after May sales data fell short of estimates. Conversely, Mahindra & Mahindra rose over 1% as its May sales beat expectations, continuing to outperform peers.
Among midcaps, Nykaa was one of the top losers, down 4% following mixed brokerage reviews post quarterly results. Mazagon Dock slipped 3% due to weaker revenue growth guidance for FY26. IRCON rose 2% after securing an engineering, procurement, and construction (EPC) order from East Central Railway.
Shares of Genus Power jumped 6%, while Puravankara declined 8% after releasing its Q4 results. Spandana dropped 7% as Q4 disbursements plunged 91% year-on-year and 75% quarter-on-quarter, with net interest income falling 48% year-on-year.
New listings saw Schloss (Th Leela) close near its issue price after a subdued debut, while Aegis Vopak gained 3% on its first day of trading.
Market breadth remained neutral, with advancing and declining stocks evenly matched at a 1:1 ratio.
