GMDC surges as IT and pharma drag markets while auto stocks lift the day’s mood

Published on 24 April 2026

GMDC’s jump came from a mix of bids and earnings

Indian markets inched higher as auto stocks supported the index while IT and pharma weighed on sentiment. GMDC stood out among the biggest gainers, joining Netweb and MosChip in sharp moves attributed to earnings, market bids, and sector rotation. On the other side, Apollo Micro, SpiceJet, and Vedanta slipped amid earnings pressure and bid or demand concerns.

Auto stocks helped lift indices while IT and pharma fell
GMDC was a top mover alongside Netweb and MosChip
Gains were driven by earnings momentum and buying interest
Losers faced weakness from earnings and sector sentiment

#gmcd #earnings #stock market #gainers and losers #sector rotation

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

GMDC surges as IT and pharma drag markets while auto stocks lift the day’s mood

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