Stock Market Today: Nifty Retains 25,000 Level Even As Bulls Lose Steam On Resurfacing Iran-Israel Tensions

• Broader Market Indices Marginally Outperformed Benchmark Indices.

• Nifty close the session higher, Falls nearly 300 points from high.

• Sensex close the session higher, Falls nearly 1000 points from high.

• Nifty Midcap 150 and Smallcap 250 gains for the 3rd day in a row.

• JM Financial and Usha Martin are the top gainer in Nifty smallcap 250, gains more than 7% for the day.

• Adani Ports and Jio Financial Services to gainer in Nifty.

• Nifty PSU Bank and Nifty Metal gained 1% each

• Nifty PSU Bank emerged as top performing sector, led by Union Bank of India and Canara Bank.

• All Sectoral indices end the session higher, barring Media, Defense and Oil and Gas.

• Nifty Pharma gains for the 3rd session in a row.

• Nifty Oil and Gas and Media snaps two day gaining streak.

• Rupee closed 77 paise stronger against US dollar at 85.98

• It closed at 86.75 a dollar on Monday

Source: Bloomberg

Jefferies remained constructive on India’s defence theme, citing a robust order book and strong earnings visibility over the next five years. Hindustan Aeronautics Ltd. and Data Patterns Ltd. are Jefferies' top picks in the sector, followed by Bharat Electronics Ltd.

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Polyplex Corporation has disclosed that a minority shareholder of its subsidiary, EcoBlue, has initiated arbitration proceedings against the parent company. The minority shareholder is claiming a consideration of approximately Rs 345 crore from Polyplex for their stake in EcoBlue, as per the exchange filing.

Concord Biotech has received an Establishment Inspection Report (EIR) from the US Food Drug Administration for the inspection conducted at its Dholka unit between April 28 and May 2.