Tata Stock Jumps 3% To Lead Nifty 50 Gainers

The star performer on Tuesday was Tata Motors, with a notable 3.51% increase, closing at ₹1,021.90. The stock outperformed its previous close of ₹987.20, marking a significant uptick.

Following closely was Bharti Airtel, which saw a 3.12% rise in its stock price. The telecom giant ended the trading session at ₹1168.90, compared to its last close at ₹1133.50.

Company NameCurrent PriceLast Close% Change
Tata Motors₹1021.90₹987.203.51%
Bharti Airtel₹1168.90₹1133.503.12%
Bajaj Auto₹8351.75₹8207.301.76%
Oil and Natural Gas Corporation₹283.75₹279.201.63%
State Bank of India₹783.95₹772.051.54%

Two-wheeler manufacturer Bajaj Auto also had a good run with a 1.76% increase, closing at ₹8351.75. The stock had closed at ₹8207.30 in the previous trading session.

Public sector entities Oil and Natural Gas Corporation (ONGC) and State Bank of India (SBI) also had a positive day, gaining 1.63% and 1.54% respectively. ONGC closed at ₹283.75, while SBI ended the day at ₹783.95.

Company NameCurrent PriceLast Close% Change
Bajaj Finserv₹1550.50₹1619.30-4.25%
Bajaj Finance₹6324.25₹6602.45-4.21%
Nestlé India₹2538.65₹2589.10-1.95%
Infosys₹1606.50₹1637.20-1.88%
SBI Life Insurance₹1491.25₹1517.95-1.76%

On the flip side, Bajaj Finserv emerged as the biggest loser, with a decline of 4.25%. The stock closed at ₹1,550.50, compared to its last close at ₹1,619.30. Another major setback was for Bajaj Finance, which saw a drop of 4.21%, closing at ₹6,324.25. The stock had previously closed at ₹6,602.45.

FMCG major Nestlé India also faced a downturn, with a 1.95% decrease in its stock price. The stock ended the day at ₹2538.65, compared to its last close at ₹2589.10.

IT giant Infosys and insurance provider SBI Life Insurance also experienced a dip in their stock prices, with a decline of 1.88% and 1.76% respectively. Infosys closed at ₹1606.50, while SBI Life Insurance ended the day at ₹1491.25.

After a volatile trading session, the Indian benchmark indices closed lower. The Sensex ended the day down 195.16 points or 0.26% at 73,677.13, while the Nifty was down 49.30 points or 0.22% at 22,356.30.

The sectoral performance was mixed, with the auto index gaining 1.3% led by Tata Motors and Bajaj Auto and the PSU Bank index rising by 2.5%. On the other hand, the IT and FMCG indices shed 1% each, while sectors like oil & gas, power, and realty managed to gain around 0.5% each.

Read Next: Bajaj Auto’s ₹4,000 Share Buyback Plan: Here’s How High Rajiv Bajaj Thinks Share Price Should Climb


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