Trent tumbles 8.8% to ₹3,049.70 as Nifty's top loser; Titan bucks trend with 1.5% gain
Retail majors diverged in a broadly positive session. Trent slid 8.80% to ₹3,049.70 to lead Nifty losers, while Titan rose 1.50% to ₹4,551.70. Backdrop: Nifty at 24,453.80, Sensex at 78,345.45, FIIs returning and crude easing, with June auto retail sales up 22%.
In an otherwise positive market session, retail majors moved sharply: Trent was the top Nifty loser, falling 8.80% to ₹3,049.70, while Titan gained 1.50% to ₹4,551.70. Auto retail sales rose 22% in June.
Why this matters
Trent's 8.8% drop extends recent weakness after Q1 revenue growth slowed to 19%, staying below 20% for a fifth straight quarter and missing estimates, while peer Titan diverged with gains.
Retail-brand theme steady with 2,571 signals over the last 90 days.