July 9, 2025: The Indian stock markets continued to trade cautiously, with the Nifty hovering around the 25,500 mark and the Sensex slightly down below 83,700. The Nifty Bank index dipped by about 0.25%, reflecting pressure in the banking sector.
In broader market action, the Nifty mid-cap index fell, while the small-cap index gained 0.56%. Early gains in Nifty Media gave way to a stronger performance by Nifty FMCG later in the session.
Vedanta shares tumbled over 7% following a negative alert from Viceroy Research. Other notable volume leaders included Medanta, Elgi Equipment, Syrma SYS, PCBL Chemicals, and NivaBupa.
Pharma stocks remained in focus, with Medanta shares surging over 8%. Meanwhile, Union Bank shares dropped 4% after the PSU bank released its Q1 FY25 business updates. Phoenix Mills declined more than 3%, while PCBL Chemicals, Garden Reach, and Sterling and Wilson recorded significant gains during the day.