Synopsis : Indian markets traded under pressure with the Sensex and Nifty falling over 1%, but several individual stocks witnessed sharp moves. Kalyan Jewellers, Aequs, Lodha Developers and Aether Industries rallied on strong triggers, while Jio Financial Services remained among the biggest losers.
Indian benchmark indices traded in the red during Wednesday's session, with both the Sensex and Nifty 50 declining more than 1% amid broad-based market weakness.
Despite the overall negative sentiment, several stocks witnessed significant price action following business updates, brokerage upgrades, and sector-specific developments.
Here's a look at the major movers during midday trading.
Jio Financial Services
Jio Financial Services emerged among the biggest losers on the Nifty, falling nearly 4% during the session.
The stock has slipped around 1.6% over the past five trading sessions. Although it remains up more than 3% over the last month, it has corrected nearly 20% during the past six months.
IndiGo
Shares of InterGlobe Aviation (IndiGo) remained under pressure during the session, contributing to the weakness in benchmark indices as investors continued to book profits in aviation stocks.
Kalyan Jewellers
Defying the broader market trend, Kalyan Jewellers surged nearly 8.6%, touching an intraday high of ₹385.70 on the NSE.
The rally followed the company's strong business update for the June quarter (Q1 FY27). Kalyan Jewellers reported 38% year-on-year consolidated revenue growth, driven by robust demand across both its Indian and Middle Eastern operations.
Aequs
Shares of Aequs jumped almost 12%, hitting a fresh all-time high of ₹271.
The rally came after Nuvama Institutional Equities initiated coverage on the stock with a 'Buy' rating and assigned a 12-month target price of ₹444, implying an upside potential of nearly 91% from current levels.
Lodha Developers
Lodha Developers gained around 4.75%, climbing to an intraday high of ₹1,155.
The stock benefited from renewed buying interest in real estate companies after concerns surrounding future US Federal Reserve rate hikes eased. The positive sentiment lifted the Nifty Realty Index, which advanced nearly 1% during the session.
Aether Industries
Aether Industries rallied around 6%, touching a fresh 52-week high of ₹1,419.
The specialty chemicals company continues to display strong technical momentum, with the stock trading comfortably above its 5-day, 20-day, 50-day, 100-day and 200-day moving averages, indicating sustained bullish strength.
Market Outlook
Although benchmark indices remained under pressure due to broader market weakness, stock-specific developments continued to drive investor interest. Strong quarterly updates, brokerage upgrades and sectoral optimism helped select counters outperform even as the broader market traded lower.
Disclaimer : This article is for informational and educational purposes only and should not be considered investment advice or a recommendation to buy, sell or hold any security. Stock prices are subject to market risks and can be influenced by company-specific developments, economic conditions and investor sentiment. Readers should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.
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