Railway Stock Jumps 15% To Lead Nifty 500 Gainers

The NIFTY 500 index experienced a dynamic trading day on Monday, showcasing a mix of significant gains and declines among its stocks.

The standout performer was Indian Railway Finance Corporation (IRFC), achieving a substantial increase of 14.72% from its last close, with its current price at ₹130.10, marking the highest gain in the NIFTY 500 for the day.

Conversely, Zomato faced a challenging day, dropping by 4.41%, and becoming the worst performer in the NIFTY 500. Its current price stood at ₹133.4, down from its last close.

Oracle Financial Services Software followed IRFC closely with an 8.89% gain, while SJVN and Rail Vikas Nigam Limited also recorded significant increases of 8.87% and 8.56%, respectively. Alembic Pharmaceuticals completed the top five performers with a 7.15% rise.

Other stocks that faced declines include Nykaa and Usha Martin, with decreases of 4.13% and 3.95%, respectively. Capri Global Capital and HDFC Life Insurance Company rounded out the bottom five performers, experiencing drops of 3.89% and 3.63%.

The stock market had a remarkable beginning to the week as the benchmark indices surged beyond significant milestones. The Sensex surpassed 73,000 for the first time, while the Nifty crossed the 22,000 mark. The buying momentum was notably robust in the technology sector, contributing to the overall positive performance on Dalal Street.

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