Indian equity benchmark indices ended lower today, weighed down by selling pressure across IT and Energy stocks despite supportive global cues.
Top Gainers:
- Larsen & Toubro (L&T): Surged strongly following stellar Q2 earnings and strong order inflows.
- Capital Goods & Infrastructure: Select infrastructure stocks saw modest gains on back of robust execution outlook.
Top Losers:
- IT Majors: Heavyweight tech stocks including TCS, Infosys, and Wipro witnessed profit booking and selling pressure.
- Energy Stocks: Reliance Industries and ONGC dragged the benchmark indices lower.
Earnings Highlights:
- L&T reported impressive Q2 net profit growth, driven by execution momentum across key projects and a solid international order book.
- Earnings across the IT and Energy sectors reflect cautious commentary amidst broader global macroeconomic trends.
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