Pharma Stocks Lead Gainers As Markets Extend Losses For 3rd Straight Day

Sun Pharmaceutical Industries stole the spotlight with an impressive 2.83% increase in its stock price, closing at ₹1335.75, up from ₹1299.0.

StockCurrent PriceLast Close% Change
Sun Pharmaceutical Industries₹1335.75₹1299.02.83%
Cipla₹1322.95₹1294.02.24%
Tech Mahindra₹1355.15₹1326.752.14%
Tata Motors₹819.05₹805.551.68%
Axis Bank₹1097.5₹1082.31.4%

Cipla and Tech Mahindra also performed well, with increases of 2.24% and 2.14%, respectively. Tata Motors and Axis Bank rounded out the top gainers with hikes of 1.68% and 1.4%.

On the other end of the spectrum, Larsen & Toubro Infotech faced a significant drop, declining by 10.72% to ₹5603.0 from its previous close at ₹6275.6.

StockCurrent PriceLast Close% Change
Larsen & Toubro Infotech₹5603.0₹6275.6-10.72%
HDFC Bank₹1486.15₹1537.5-3.34%
NTPC₹299.3₹309.3-3.23%
Titan Company₹3734.7₹3830.05-2.49%
Asian Paints₹3163.85₹3242.3-2.42%

HDFC Bank, NTPC, Titan Company, and Asian Paints were also among the top losers, experiencing declines of 3.34%, 3.23%, 2.49%, and 2.42%, respectively.

The Nifty 50 and Sensex indices continued their downward trend, marking the third consecutive session of losses on Thursday. The selling pressure in the domestic market has been attributed to the increasing US bond yields, driven by recent economic data in the United States. This has raised concerns about potential delays in interest rate cuts.

On Thursday, the Nifty 50 started at 21,414.20, opening lower than the previous close of 21,571.95. The index reached its intraday low at 21,285.55 and closed 110 points or 0.51% lower at 21,462.25. Similarly, the Sensex opened at 71,018.86, lower than the previous close of 71,500.76. It witnessed a decline of about 835 points, hitting an intraday low of 70,665.50. The index eventually closed 314 points or 0.44% lower at 71,186.86.

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