On Monday, India’s Nifty 50 index saw a mixed bag of performances with some stocks racing ahead while others stumbled. The top performer of the day was Bajaj Auto, with a significant 3.04% rise from its last close, making it the star of the trading day.
Following closely, Hindalco Industries registered a 1.64% increase, reflecting positive sentiment among investors. Meanwhile, Adani Ports and Special Economic Zone, a major player in the ports sector, continued its upward rally with a 1.46% rise.
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Bajaj Auto | ₹6465.7 | ₹6275.2 | 3.04% |
Hindalco Industries | ₹566.4 | ₹557.25 | 1.64% |
Adani Ports and Special Economic Zone | ₹1094.3 | ₹1078.55 | 1.46% |
Sun Pharmaceutical Industries | ₹1252.75 | ₹1235.75 | 1.38% |
Reliance Industries | ₹2521.0 | ₹2495.6 | 1.02% |
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Power Grid Corporation of India | ₹231.85 | ₹237.35 | -2.32% |
ICICI Bank | ₹1021.45 | ₹1037.4 | -1.54% |
ITC Limited | ₹451.65 | ₹458.2 | -1.43% |
JSW Steel | ₹854.9 | ₹867.2 | -1.42% |
Tech Mahindra | ₹1291.75 | ₹1306.1 | -1.1% |
Sun Pharmaceutical Industries, also painted a positive picture with a 1.38% rise. Lastly, Reliance Industries managed to add a modest 1.02% to its value, closing the day at ₹2521.0.
On the flip side, Power Grid Corporation of India fell by 2.32%, making it the largest dropper of the day. ICICI Bank, also faced a dip of 1.54%, reflecting cautious investor sentiment in the sector.
The renowned FMCG player, ITC Limited, saw a decline of 1.43%. JSW Steel, also took a hit with a dip of 1.42%, reflecting the recent challenges faced by the industry.
Adding to the list of decliners, Tech Mahindra observed a slight shrinkage of 1.10%.
The Nifty 50 experienced a decline on December 18, ending a three-day upward trend, influenced by the negative performance of Asian markets. The index slumped 0.18%, or 38 points settling at 21,418.7. “We believe that the markets have taken a breather after the sharp rise seen last week. So any corrections are likely to be short-lived and can be utilized to buy into quality stocks,” said Subash Gangadharan, senior technical and derivative analyst, HDFC Securities.
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