PSU Stocks Surge Upto 10% To Dominate Nifty 50 Gainers As Markets Scale New Highs

In today’s trading session, Bharat Petroleum Corporation Ltd. led the way as the top gainer, while Eicher Motors found itself at the tail end of the spectrum.

BPCL stood out with a remarkable increase of 9.81%, closing at INR 558.35, significantly up from its last close at INR 508.45.

Power Grid Corporation of India and Oil and Natural Gas Corporation also showcased robust performances with increases of 4.25% and 3.88%. Adani Ports and Special Economic Zone and NTPC completed the list of top gainers with their stock prices rising by 3.50% and 3.26%, respectively.

Conversely, Eicher Motors emerged as the day’s most significant loser, with a decrease of 2.74%, closing at INR 3825.55.

Axis Bank, HDFC Life Insurance Company, HDFC Bank, and Hindustan Unilever also faced declines, with respective decreases of 1.59%, 1.41%, 1.38%, and 0.85%.

The Nifty 50 surged 2%, reaching a new all-time high of 22,126.80, before retracting slightly to close with a gain of 156 points, or 0.72%, at 21,853.80. Similarly, the Sensex rose over 2% to hit an intraday high of 73,089.40 before settling at 72,085.63, up 440 points, or 0.61%. Notably, the oil & gas sector led the gains with a 4% increase, while other sectors like Information Technology, metal, realty, and power also witnessed notable upticks ranging from 1% to 2%. However, the bank index experienced a decline of 0.5%.

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