Hindalco Bucks General Trend To Top Nifty Gainers After Novelis IPO Announcement
Take Stock Of The Week Ahead

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

On Wednesday, Nifty50 closed 0.80% down to 22,704.70, extending its losses for the fourth straight session. Hindalco Industries was the top gainer while HDFC Life Insurance was the biggest loser.

Hindalco Industries topped the gainers with a robust 3.52% increase, with its stock price rising to ₹705.3. The stock gained after its U.S. subsidiary launched a roadshow for its IPO.

Top Gainers

StockCurrent PriceLast Close% Change
Hindalco Industries₹705.3₹681.33.52%
Power Grid Corporation of India₹317.7₹312.81.57%
Divi’s Laboratories₹4448.0₹4392.11.27%
Nestlé India₹2476.2₹2451.71.0%
Sun Pharmaceutical Industries₹1478.95₹1464.90.96%

Power Grid Corporation of India also showed notable performance, with a 1.57% increase in its stock price, ending the day at ₹317.7.

See Also: 5 Important Life Lessons Mamaearth CEO Ghazal Alagh Learned From ‘Getting To Yes’

Divi’s Laboratories, Nestlé India, and Sun Pharmaceutical Industries rounded out the top five, with their shares rising 1.27%, 1.0%, and 0.96% respectively.

Conversely, HDFC Life Insurance recorded the largest loss, with its stock price falling by 2.87% to ₹561.85. SBI Life Insurance and ICICI Bank also experienced significant downturns, decreasing by 2.62% and 2.21% respectively.

Top Losers

StockCurrent PriceLast Close% Change
HDFC Life Insurance₹561.85₹578.45-2.87%
SBI Life Insurance₹1412.8₹1450.75-2.62%
ICICI Bank₹1102.0₹1126.95-2.21%
Tata Consumer Products₹1071.3₹1095.55-2.21%
Tech Mahindra₹1286.45₹1315.1-2.18%

Tata Consumer Products and Tech Mahindra completed the bottom five, each with a decline exceeding 2%.

Read Next: If Modi Govt Gets No June 4 Surprises, Brokerage Sees Massive Upside For These PSU Stocks


Engineered by Benzinga Neuro, Edited by Ananthu CU


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.


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.

Comments
Loading...