Indian Stock Markets continued with the declining trend in today's session as markets remained most of the session in negative zone. Markets are still facing selling and current levels for indices are below major support levels. These supports could soon act as resistance levels for markets in short term. NLC India (Rs 253.00) led the day with an impressive 6.75% surge, driven by its robust renewable energy portfolio and favorable government policies. The stock's consistent growth reflects optimism about its role in India's energy transition.

Phoenix Mills (Rs 1534.25) followed with a 3.57% gain, as the real estate and retail sectors continue to recover. The company's strong focus on commercial spaces is a major driver for its upward trajectory. Similarly, Prestige Estates (Rs 1649.85) climbed 4.23%, buoyed by positive sentiment in the residential real estate market.

In consumer finance, Paytm (Rs 845.40) rose by 3.83%, showcasing its expanding fintech ecosystem and improved revenue streams. Meanwhile, Indian Hotels (Rs 786.80) gained 4.35%, benefiting from the revival in tourism and leisure travel.

Rounding out the list is Suzlon Energy (Rs 65.33), with a 5.00% jump, highlighting its robust position in the renewable energy sector. Investors are optimistic about its expanding order book and improving financials.

Axis Bank (Rs 900.50) demonstrated remarkable stability, gaining 1.25% by close, as optimism around rising credit demand and improved asset quality drove investor confidence. In contrast, Bajaj Auto (Rs 3855.30) dipped by 2.10%, reflecting a muted response to the company’s recent sales data and ongoing cost challenges.

Bandhan Bank (Rs 250.80) climbed slightly by 0.90%, a testament to its strong rural outreach programs and steady loan book growth. Meanwhile, Biocon (Rs 345.60), the biotech leader, slid 1.78%, influenced by ongoing regulatory reviews of its product pipeline.

Infrastructure giant Bharat Forge (Rs 835.40) fell by 1.55%, likely impacted by broader market corrections and subdued export numbers. Conversely, Britannia Industries (Rs 4510.50) gained a modest 0.85%, driven by its strong distribution network and continued focus on premium product segments.

Cipla (Rs 1135.70) stood out in the pharma sector with a 2.15% rise, following robust quarterly results that exceeded market expectations. On the flip side, Coal India (Rs 224.80) dipped by 1.45%, reflecting profit booking after a solid rally earlier in the month.

Colgate-Palmolive (Rs 1970.50) remained largely unchanged, indicating cautious investor sentiment in the FMCG space. Lastly, DLF (Rs 425.90) saw a minor dip of 0.55%, with analysts attributing this to short-term corrections despite robust long-term real estate demand.

Balkrishna Industries (Rs 2721.95) slid by 1.72%, as investors expressed caution amidst rising input costs for the tire giant. Similarly, Bandhan Bank (Rs 165.86) saw a 1.04% dip, continuing its recent trend of moderate corrections, though its strong rural focus remains a long-term growth driver.

State-owned Bank of India (Rs 101.52) faced a steeper decline of 2.91%, likely influenced by profit-booking after a strong rally earlier this month. Defense player Bharat Dynamics Ltd (Rs 926.90) also dipped 4.08%, reflecting broader challenges in the defense sector’s procurement cycle.

Bharat Forge (Rs 1296.20) dropped by 2.05%, following subdued export numbers in its automotive division. On the other hand, BSE Limited (Rs 4695.15) managed a relatively stable session, shedding only 0.68%, buoyed by optimism around increasing investor participation in India’s stock markets.

In the pharma space, Biocon (Rs 323.10) dipped 1.20%, as regulatory uncertainties continued to weigh on investor sentiment. Meanwhile, CG Power (Rs 711.30) remained largely stable with a 0.97% dip, reflecting consistent demand in the industrial segment.

Cochin Shipyard (Rs 1295.40) experienced a sharper 4.78% drop, as its recent rally saw some corrections, though its strategic government contracts keep its fundamentals intact.

Gains in Coforge, Federal Bank, and Dixon Technologies demonstrate resilience in specific pockets of the market, even as broader corrections continue.

Coforge Ltd. (Rs 8210.10) led the pack with a 1.15% gain, riding on the back of strong growth prospects in the IT services sector. The company’s recent wins in digital transformation projects highlight its adaptability in a rapidly changing tech landscape. In logistics, Delhivery (Rs 346.35) followed suit with a modest 0.61% gain, as its strategic investments in warehousing and delivery networks bolster investor confidence.

In the financials, Federal Bank (Rs 210.88) shone brightly with a 2.05% increase, driven by robust loan book growth and improved asset quality metrics. Conversely, Container Corporation of India (Rs 769.95) dipped by 2.01%, with analysts attributing the fall to concerns around operational costs despite strong demand.

Colgate-Palmolive (Rs 2690.30) slipped by 1.58%, reflecting a muted response to its latest quarterly results, which highlighted challenges in sustaining rural demand. Meanwhile, Dixon Technologies (Rs 14,995.45) posted a modest 0.80% gain, as its leadership in electronics manufacturing keeps it on an upward trajectory.

In the auto sector, Escorts (Rs 3454.40) and Exide Industries (Rs 415.35) saw dips of 1.13% and 1.45%, respectively, as investors expressed caution amidst mixed macroeconomic signals.

Godrej Properties and HDFC AMC highlighted pockets of optimism in a weak market

Godrej Properties (Rs 2704.80) emerged as a highlight with a 0.45% gain, supported by robust demand in the residential property market and the company's strong project pipeline. Similarly, HDFC AMC (Rs 4214.10) climbed by 0.57%, continuing its momentum as a leader in the asset management space, benefiting from higher equity inflows.

GMR Infrastructure (Rs 76.85) faced a 4.56% decline, reflecting caution among investors despite the company’s ongoing airport expansions. Meanwhile, Hindustan Zinc (Rs 487.05) and Hindustan Petroleum (Rs 360.10) dipped by 1.03% and 0.56%, respectively, driven by softer commodity prices and regulatory challenges.

HUDCO (Rs 201.19) slid by 2.66%, despite its significant role in infrastructure financing. IDBI Bank (Rs 76.06) also declined by 2.08%, as market participants await updates on its privatization efforts.

Telecom player Vodafone Idea (Rs 6.91) dipped 2.67%, reflecting concerns around its debt burden and competitive pressures. IDFC First Bank (Rs 62.94) lost 2.59%, following recent profit-taking after a period of strong gains. Lastly, Indraprastha Gas (Rs 311.40) declined by 2.82%, likely driven by fluctuating input costs.

Indian Hotels, Kalyan Jewellers, and Indian Bank emerged as bright spots, showcasing resilience amid market challenges

Indian Hotels Company (Rs 786.80) led the charge with a strong 4.35% gain, as demand for travel and tourism surged post-pandemic, boosting the company’s revenue outlook. Kalyan Jewellers (Rs 711.75) also shone brightly, gaining 1.48% on the back of robust festival-season sales and expanding consumer demand for gold.

In the banking sector, Indian Bank (Rs 530.35) posted a 1.39% increase, driven by consistent credit growth and improving non-performing asset (NPA) metrics. However, Indian Overseas Bank (Rs 49.81) dipped by 2.58%, reflecting cautious profit-taking amidst recent market volatility.

Infrastructure player JSW Infrastructure (Rs 298.55) remained stable with a minor 0.21% dip, underscoring its strong position in the logistics and shipping segments. Conversely, IRB Infrastructure (Rs 45.80) dropped by 3.41%, attributed to subdued investor sentiment regarding highway project financing.

Indus Towers (Rs 329.10) showed modest movement, gaining 0.29%, as analysts note steady demand for telecom infrastructure. Meanwhile, Jubilant FoodWorks (Rs 610.20), despite its brand strength, saw a slight 0.46% decline, as discretionary spending faces broader headwinds.

Finally, KPIT Technologies (Rs 1290.20) dipped by 1.14%, with profit booking dominating the day after its recent stellar run in the IT services sector.