On Thursday, Nifty 50 closed 0.74% down at 24,117. 12 stocks gained while 38 ended up in the red.
Leading the pack of gainers, HDFC Life Insurance surged by 2.03% to ₹710.35, compared to its last close at ₹696.25. Following closely, Tata Motors gained 1.60% to reach ₹1041.75 from its previous close of ₹1025.30.
Company | Current Price | Last Close | % Change |
HDFC Life Insurance | ₹710.35 | ₹696.25 | 2.03% |
Tata Motors | ₹1041.75 | ₹1025.3 | 1.60% |
SBI Life Insurance | ₹1706.3 | ₹1685.7 | 1.22% |
HDFC Bank | ₹1642.7 | ₹1623.5 | 1.18% |
Cipla | ₹1569.95 | ₹1553.55 | 1.06% |
Other notable gainers included SBI Life Insurance which rose by 1.22% to ₹1706.30, HDFC Bank which climbed 1.18% to ₹1642.70, and Cipla which saw a modest increase of 1.06% to ₹1569.95.
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On the flip side, LTI Mindtree was the biggest loser, shedding 4.12% to settle at ₹5338.30, a significant drop from its last close at ₹5567.50. Grasim Industries followed suit, falling 3.50% to ₹2544.65 from its previous close of ₹2637.05.
Company | Current Price | Last Close | % Change |
LTI Mindtree | ₹5338.3 | ₹5567.5 | -4.12% |
Grasim Industries | ₹2544.65 | ₹2637.05 | -3.50% |
Asian Paints | ₹3005.4 | ₹3101.45 | -3.10% |
Infosys | ₹1743.15 | ₹1791.65 | -2.71% |
Power Grid | ₹342.65 | ₹352.05 | -2.67% |
Asian Paints also took a hit, declining 3.10% to ₹3005.40. Tech giant Infosys saw a decrease of 2.71% to ₹1743.15, while Power Grid slipped 2.67% to ₹342.65.
Shrikant Chouhan, Head Equity Research, Kotak Securities said, “Today, the benchmark indices witnessed a volatile trading session, after a roller coaster activity the Nifty ends 197 points lower while the Sensex was down by 582 points. Among Sectors, IT and Metal indices lost the most shed over 1.5 percent whereas some buying was seen in selective Media and Pharma stocks. Technically, market consistently facing selling pressure at higher levels. From the day highest levels Nifty/ Sensex shed over 250/800 points. A bearish candle on daily charts and double top formation on intraday charts indicates further weakness from the current levels. For the day traders intraday texture is non-directional hence level based trading would be the ideal strategy.”
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