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.

StockCurrent PriceLast Close% Change
Bharat Petroleum Corporation Ltd.₹558.35₹508.459.81%
Power Grid Corporation of India Ltd.₹277.1₹265.84.25%
Oil and Natural Gas Corporation Ltd.₹257.25₹247.653.88%
Adani Ports and Special Economic Zone Ltd.₹1261.45₹1218.853.5%
NTPC Ltd.₹332.5₹322.03.26%

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.

StockCurrent PriceLast Close% Change
Eicher Motors Ltd.₹3825.55₹3933.2-2.74%
Axis Bank Ltd.₹1067.05₹1084.25-1.59%
HDFC Life Insurance Company Ltd.₹578.8₹587.1-1.41%
HDFC Bank Ltd.₹1446.15₹1466.35-1.38%
Hindustan Unilever Ltd.₹2452.6₹2473.6-0.85%

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%.

Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

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%.

Read Next: Upcoming IPOs In The Month Of February: A Complete List


Engineered by Benzinga Neuro, Edited by Utkarsh Roshan


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Posted In: EquitiesMarketsMoversTrading IdeasGainers And LosersNifty 50