Nifty 500: Reliance-Backed Stocks Slump Up To 6%

The NIFTY 500 index’s trading data from the National Stock Exchange (NSE) on Friday displayed a mixed bag of top performers and losers. Oracle Financial Services Software, Infosys, Infibeam Avenues, Firstsource Solutions, and Avanti Feeds emerged as the top 5 performers, while Metropolis Healthcare, Alok Industries, Network18 Media & Investments, EaseMyTrip, and Century Textiles & Industries found themselves on the opposite end of the spectrum.

Leading the pack with an impressive 11.32% surge was Avanti Feeds, closing at ₹545.30, a significant jump from its last close at ₹489.85. Not far behind was Firstsource Solutions, which recorded a 10.42% increase, closing the day at ₹209.90, up from ₹190.10 on the previous trading day.

StockCurrent PriceLast Close% Change
Avanti Feeds₹545.3₹489.8511.32%
Firstsource Solutions₹209.9₹190.110.42%
Infibeam Avenues₹26.55₹24.29.71%
Oracle Financial Services Software₹4656.75₹4327.17.62%

Infibeam Avenues and Infosys followed suit, with gains of 9.71% and 7.93%, respectively. Infibeam Avenues closed at ₹26.55, a rise from its last close at ₹24.20, and Infosys ended the day at ₹1,612.75, compared to its previous close at ₹1,494.20. Oracle Financial Services Software also had a strong day, posting a 7.62% gain and closing at ₹4,656.75, a significant increase from its last close of ₹4,327.10.

StockCurrent PriceLast Close% Change
Metropolis Healthcare₹1503.8₹1605.65-6.34%
Alok Industries₹34.5₹36.8-6.25%
Network18 Media & Investments₹124.2₹130.95-5.15%
Century Textiles & Industries₹1492.7₹1546.5-3.48%

On the flip side, Metropolis Healthcare took the biggest hit among the bottom performers, with a 6.34% decrease, closing at ₹1503.80, a drop from its last close at ₹1605.65. Alok Industries followed closely, recording a 6.25% decline and closing at ₹34.50, down from its previous close at ₹36.80.

Network18 Media & Investments, EaseMyTrip, and Century Textiles & Industries also experienced declines, with Network18 Media & Investments falling by 5.15% to close at ₹124.20, EaseMyTrip dropping by 4.15% to ₹49.65, and Century Textiles & Industries sliding by 3.48% to ₹1492.70.

Both Network18 and Alok Industries are backed by Reliance Industries.

On January 12, the Indian stock market rebounded, recovering from losses incurred in the previous week. The Nifty IT sector experienced the most significant gains, followed by the Realty and Infrastructure sectors. The Sensex and Nifty both surged by nearly 1%, reaching record levels, while the Nifty Bank declined by 1%. At the close, the Sensex was up 847.27 points or 1.18% at 72,568.45, and the Nifty was up 247.30 points or 1.14% at 21,894.50.

Read Next: If You Invest ₹10,000 In Infosys Today, Here’s How Much You’d Have If Stock Hits All-Time High

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