On Friday, Nifty 50 made a fresh all-time high of 23,490.40. The benchmark index closed 0.29% higher to 23,465.60 in the session. Eicher Motors was the top gainer while Tech Mahindra was the biggest loser.
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Vinod Nair, head of research, Geojit Financial Services said, “There is a temporary blip in the market momentum, due to a lack of fresh triggers after the hawkish commentary from the US Fed, lowering the plausibility of a rate cut in the short-term. A near-term consolidation seems probable as domestic investors await cues from the upcoming union budget. There is a growing opinion that the government could place emphasis on welfare, giving a fillip to consumption-led stocks.”
Eicher Motors stood out as the top performer, registering a substantial increase of 2.78%, closing at ₹4935.10, up from its previous session at ₹4801.50. This uplift contributed positively to the market’s overall sentiment.
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Top Gainers
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Eicher Motors | ₹4935.10 | ₹4801.50 | 2.78% |
M&M | ₹2928.60 | ₹2861.70 | 2.34% |
Adani Ports | ₹1430.70 | ₹1398.45 | 2.31% |
Shriram Finance | ₹2732.15 | ₹2684.30 | 1.78% |
Titan | ₹3530.05 | ₹3472.20 | 1.67% |
Mahindra & Mahindra (M&M) closely followed with a 2.34% rise, closing at ₹2928.60, a notable increase from ₹2861.70. The stock became the 18th largest company listed on the NSE and also hit an all-time high in the session.
Adani Ports also showed strong performance, marking a 2.31% increase to close at ₹1430.70. Shares of the Adani Group company jumped as Kotak Securities saw a 17% upside for the stock.
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Shriram Finance and Titan rounded out the top gainers, with increments of 1.78% and 1.67%, respectively, further bolstering the market’s upbeat mood.
Top Losers
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Tech Mahindra | ₹1371.45 | ₹1388.95 | -1.26% |
TCS | ₹3832.05 | ₹3878.15 | -1.19% |
Wipro | ₹477.50 | ₹482.60 | -1.06% |
HCLTech | ₹1431.05 | ₹1444.15 | -0.91% |
SBI | ₹839.20 | ₹843.90 | -0.56% |
On the other end, Tech Mahindra faced the steepest decline, falling 1.26% to close at ₹1371.45.
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Other notable declines included TCS and Wipro, with their shares falling by 1.19% and 1.06%, respectively. HCLTech and the State Bank of India also experienced slight downturns, closing lower than their previous sessions.
HCLTech fell after Jefferies maintained a cautious stance on the company.
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