Adani Stocks Lead Gainers As Markets Recover On Thursday

Wednesday’s trading session saw a mixed bag of performances in the NIFTY 50 index, with Adani Enterprises leading the gainers and Axis Bank topping the list of losers.

Adani Enterprises emerged as the top gainer, with its stock price surging by 6.24% to ₹3,087.45, up from the previous close of ₹2,906.20. The stock’s impressive performance was followed by Adani Ports and Special Economic Zone, which saw a significant increase of 4.82% in its stock price, closing at ₹1,267.85.

StockCurrent PriceLast Close% Change
Adani Enterprises₹3087.45₹2906.206.24%
Adani Ports and Special Economic Zone₹1267.85₹1209.554.82%
Hero MotoCorp₹4675.30₹4512.103.62%
Hindalco Industries₹525.25₹507.003.60%
Oil and Natural Gas Corporation₹263.25₹255.353.09%

Auto sector giant Hero MotoCorp also had a good day at the bourses, with its stock price rising by 3.62% to ₹4675.30. Hindalco Industries and Oil and Natural Gas Corporation also made it to the top gainers list, with their stocks appreciating by 3.60% and 3.09% respectively.

StockCurrent PriceLast Close% Change
Axis Bank₹1058.25₹1080.40-2.05%
IndusInd Bank₹1476.75₹1502.65-1.72%
JSW Steel₹785.45₹792.95-0.95%
Bajaj Finance₹6397.45₹6456.15-0.91%
Tata Steel₹142.45₹143.65-0.84%

On the flip side, Axis Bank was the biggest loser of the day, with its stock price falling by 2.05% to ₹1,058.25. The bank’s stock performance was closely followed by IndusInd Bank, which saw a decline of 1.72% in its stock price, closing at ₹1,476.75.

Steel manufacturer JSW Steel also had a tough day, with its stock price falling by 0.95% to ₹785.45. Bajaj Finance and Tata Steel rounded off the list of top five losers, with their stocks depreciating by 0.91% and 0.84% respectively.

The Sensex concluded the day with a gain of 335.39 points or 0.46%, closing at 73,097.28. Similarly, the Nifty climbed 149.00 points or 0.68% to settle at 22,146.70. In contrast, broader market indices performed even better, with the BSE Midcap index rising by 2.2% and the Smallcap index gaining 3%.

Read Next: Small Cap Stock Bags Massive Order From Lakshadweep, Shares Upbeat

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.

Market News and Data brought to you by Benzinga APIs

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: EquitiesMarketsMoversTrading IdeasGainers And LosersNifty 50