Tata Steel Tanks 5% To Lead Losers As Markets Continue To Bleed For 5th Day

On Thursday, Nifty 50 ended 0.95% lower to 22,488.65 extending the market’s downturn for the fifth straight session. ICICI Bank was the biggest gainer while Tata Steel declined the most.

ICICI Bank led the gainers, rising 1.06% to close at ₹1113.70, marking the highest percentage increase among the day’s top performers.

Top Gainers

StockCurrent PriceLast Close% Change
ICICI Bank₹1113.7₹1102.01.06%
Axis Bank₹1167.95₹1159.750.71%
HDFC Bank₹1514.85₹1508.30.43%
State Bank of India₹825.85₹822.650.39%
Kotak Mahindra Bank₹1690.1₹1687.850.13%

Axis Bank and HDFC Bank followed, with gains of 0.71% and 0.43%, ending the day at ₹1167.95 and ₹1514.85 respectively. State Bank of India and Kotak Mahindra Bank also saw positive movements.

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Tata Steel experienced the most substantial drop of 5.8%, closing at ₹164.15. The stock fell after the company’s Q4 results disappointed the investors.

Top Losers

StockCurrent PriceLast Close% Change
Tata Steel₹164.15₹174.25-5.8%
Tech Mahindra₹1240.85₹1286.45-3.54%
Power Grid₹306.7₹317.7-3.46%
Titan ₹3271.85₹3380.4-3.21%

Tech Mahindra shares fell 3.54% to ₹1240.85 from ₹1286.45 in the previous session. Power Grid Corporation of India stock plunged 3.46% to ₹306.7. Titan and Wipro completed the loser’s list sliding 3.21% and 3.07% respectively.

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