SBI Leads Gainers As Markets See Heavy Correction After RBI Meet

Tuesday’s trading session in the Indian stock market showcased a diverse range of performances within the Nifty 50 index, with State Bank of India leading the surge among the top gainers, while Britannia Industries faced the most significant downturn among the stocks.

State Bank of India stood out with a significant 3.60% increase, closing at ₹699.55.

StockCurrent PriceLast Close% Change
State Bank of India₹699.55₹675.253.6%
Power Grid Corporation of India Ltd.₹276.2₹267.953.08%
Bharat Petroleum Corporation Ltd.₹620.5₹602.053.06%
Hindalco Industries Ltd.₹601.3₹592.251.53%
Coal India Ltd.₹459.2₹452.651.45%

Power Grid Corporation of India and Bharat Petroleum Corporation Ltd also showcased strong performances with their stock prices increasing by 3.08% and 3.06%. Hindalco Industries and Coal India completed the list of top gainers with rises of 1.53% and 1.45%, respectively.

Conversely, Britannia Industries saw a decrease of 3.99%, closing at ₹4875.55.

StockCurrent PriceLast Close% Change
Britannia Industries Ltd.₹4875.55₹5078.25-3.99%
Kotak Mahindra Bank Ltd.₹1729.7₹1792.6-3.51%
ICICI Bank Ltd.₹989.3₹1022.15-3.21%
Axis Bank Ltd.₹1035.9₹1069.1-3.11%
Eicher Motors Ltd.₹3807.3₹3927.65-3.06%

Kotak Mahindra Bank and ICICI Bank also faced significant setbacks, with their stock prices decreasing by 3.51% and 3.21%. Axis Bank and Eicher Motors rounded out the list of top losers with decreases of 3.11% and 3.06%.

Domestic equity indices, Sensex and Nifty 50, closed lower on Thursday as rate-sensitive sectors reacted to the RBI’s decision to maintain its key interest rate unchanged for a sixth consecutive meeting. The BSE Sensex dropped 723.57 points or 1% to 71,428.43, while the Nifty 50 ended at 21,717.95, down 212.55 points or 0.97%. The broader market saw the Nifty Midcap 100 flat at 0.05%, while the Nifty SmallCap 100 closed 0.4% lower.

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