At 12:30 IST, the S&P BSE Sensex declined 54.63 points or 0.07% to 76,677.54, while the Nifty 50 index lost 10.55 points or 0.04% to 23,935.70. According to reports from Business Standard, the broader market outperformed frontline indices with the BSE 150 MidCap Index gaining 0.51% and the BSE 250 SmallCap Index adding 0.55%. Market breadth remained positive with 2,237 shares rising and 1,730 shares falling on the BSE, while 210 shares remained unchanged. The Nifty Infra Index was trading at 9,404.5, up 0.2% over its previous close, showing mixed performance across infrastructure stocks.
India's industrial output edged up to 5.1% in May, improving from 4.9% in April, driven by stronger electricity generation and broad-based manufacturing growth, as reported by Business Standard. The manufacturing sector, which carries the highest weight of 76% in the IIP basket, marked a surge of 5.5% in May, slightly lower than April's growth but indicating steady momentum. Electrical equipment recorded the strongest expansion among major manufacturing segments, rising around 21%, while electricity and gas supply was the fastest-growing major sector with 9.9% growth in May driven by elevated temperatures and low base effects.
The Nifty Realty index advanced 1.32% to 829.65, recovering from the previous session's 0.90% decline, according to Business Standard. Godrej Properties led the gains with a 2.5% increase, followed by Phoenix Mills at 2.38%, Prestige Estates Projects at 1.84%, and Sobha at 0.96%. Other notable performers included Lodha Developers at 0.84%, Aditya Birla Real Estate at 0.78%, Oberoi Realty at 0.76%, and DLF at 0.7%. The Nifty Infra Index showed mixed performance with top gainers including MRF (up 2.4%) and Adani Ports & SEZ (up 1.8%).
Within the drones sector, PARAS DEFENCE & SPACE TECH emerged as the top gainer with a 7.12% surge, while ADANI ENTERPRISES followed with a 2.2% increase. However, INFOSYS was among the top losers, declining 3.0%, and INFO EDGE fell 0.83%. According to latest market data, PARAS DEFENCE & SPACE TECH was trading at ₹1,268.10 with a 7.12% gain, while ADANI ENTERPRISES was at ₹3,027.70 with a 2.16% increase. The mixed performance reflects varied investor sentiment across different drone-related companies.
The NSE's India VIX fell 1.52% to 13.40, indicating reduced market volatility expectations, as reported by Business Standard. The Nifty 30 June 2026 futures were trading at 24,021.90, at a premium of 86.2 points compared to the spot price. Individual stock highlights included Dishman Carbogen Amcis adding 2.91% after its subsidiary commissioned a photovoltaic system in Switzerland, and SRM Contractors rising 1.61% after securing contracts worth ₹500.99 crore from various government entities. Notable infrastructure stock movements showed Eicher Motors declining 4.3% while Reliance Industries fell 0.6%.
