Mahindra Shares Jump Over 2% To Lead Nifty 50 Gainers As Market Ends With Modest Gains

The NIFTY 50 closed 0.16% higher at 23,537.85 points. 28 stocks were in green, while 22 ended the day in red.

Leading the pack of gainers is M&M, with a noteworthy 2.67% increase, taking its current price to ₹2,915.80 from the previous close of ₹2,839.95.

StockCurrent PriceLast Close% Change
Shriram Finance₹2882.25₹2821.652.15%
Grasim Industries₹2515.1₹2466.151.98%
Sun Pharma₹1494.5₹1467.251.86%

Not far behind, Shriram Finance has seen a 2.14% rise, pushing its price to ₹2,882.25 from ₹2,821.65. Next in line, PowerGrid has powered through with a 2.14% increase, taking its current price to ₹332.95 from ₹325.95. The state-owned electric utilities company has lit up the trading floor.

Following closely, Grasim Industries has woven a 1.98% gain, pushing its price to ₹2,515.10 from ₹2,466.15. Lastly, Sun Pharma has seen a healthy 1.85% rise, taking its price to ₹1,494.50 from ₹1,467.25.

StockCurrent PriceLast Close% Change
InduInd Bank₹1490.4₹1527.15-2.41%
Adani Ports₹1460.25₹1485.5-1.7%
Coal India₹473.7₹480.2-1.35%
Tata Steel₹177.96₹179.94-1.1%

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On the flip side, the biggest loser of the day is Cipla, with a significant 2.40% drop, pulling its current price down to ₹1504.40 from ₹1541.55.

Following closely, IndusInd Bank has seen a 2.40% dip, dragging its price to ₹1490.40 from ₹1527.15. Next, Adani Ports has docked a 1.69% loss, pulling its price down to ₹1,460.25 from ₹1,485.50. The ports company has hit rough waters today. Following suit, Coal India has mined a 1.35% loss, taking its price to ₹473.70 from ₹480.20.

Lastly, Tata Steel has seen a 1.10% dip, pulling its price down to ₹177.96 from ₹179.94.

Talking about the performance today, Nagaraj Shetti, senior technical research analyst at HDFC Securities, said, “After showing higher weakness from the highs within a broader range on Friday, Nifty witnessed a sustainable upside recovery from the lows on Monday and closed the day higher by 36 points. After opening on a negative note, the market slipped into further weakness soon after the opening. It later started to show recovery from the day’s low of 23350 and after the upside momentum with range bound action continued in the mid to later part of the session.”

Prashanth Tapse, senior VP (Research), Mehta Equities, said, “Markets stayed volatile ahead of this week’s monthly expiry, as key benchmark indices ended with modest gains after a sharp fall in early trades amid selective buying in auto, power and capital goods shares while selling in IT, metal and oil & gas pared gains. Stocks may see sharp gyrating during the week, and investors would resort to value buying in select counters.”

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