On Tuesday, Nifty 50 closed 0.08% up at 24,857.30. At the end of trade, 22 companies had advanced while 28 declined.
Tata Motors emerged as the top performer with a 3.37% rise, closing at ₹1161.85. This surge aligns with the recent analysis predicting a breakout for the stock, potentially reaching the ₹1,400 mark.
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Tata Motors | ₹1161.85 | ₹1124.0 | 3.37% |
| NTPC | ₹406.95 | ₹393.9 | 3.31% |
| BPCL | ₹348.2 | ₹337.9 | 3.05% |
| Power Grid | ₹349.8 | ₹342.35 | 2.18% |
| Asian Paints | ₹3005.05 | ₹2954.7 | 1.7% |
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| LTIMindtree | ₹5672.5 | ₹5786.6 | -1.97% |
| Cipla | ₹1528.9 | ₹1553.95 | -1.61% |
| SBI Life Insurance | ₹1721.05 | ₹1746.7 | -1.47% |
| Grasim Industries | ₹2790.9 | ₹2828.2 | -1.32% |
| Sun Pharmaceuticals | ₹1701.6 | ₹1723.25 | -1.26% |
Following closely, NTPC surged 3.31% buoyed by strong results and expansion plans. BPCL also gained 3.05% in the session while Power Grid saw a 2.17% increase. The latter’s performance comes despite cautious calls from brokerages, with the company’s shares surging to an all-time high after raising capex guidance.
See Also: Analyst Says Suzlon Shares Could Test ₹90 Levels In Near Term And Is A ‘Buy-On-Dip’ Candidate
Completing the top five gainers, Asian Paints saw a 1.70% increase, closing at ₹3005.05.
On the flip side, LTIMindtree led the pack of losers, with a 1.97% drop, closing at ₹5672.5.
Cipla and SBI Life Insurance followed with a 1.61% and 1.46% decrease respectively.
Grasim Industries and Sun Pharmaceuticals rounded off the bottom five performers, with a 1.31% and 1.25% drop respectively.
Vinod Nair, head of research, Geojit Financial Services said, “The domestic market ended flat, due to by profit-booking at higher levels. However, the expectation of dovish comments from the US Fed and BoE in the upcoming policy meetings this week is supporting the optimism. The investors will also closely monitor comments from BoE and BoJ. The BOE is expected to lower rates due to rising unemployment and easing inflation, while the BOJ is likely to increase rates in response to surging inflation, potentially causing market volatility.”
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