On Friday, Nifty closed 1.65% higher at 24,541.15. 47 stocks gained while 3 declined.
The standout performer, Wipro, witnessed a remarkable 4.26% increase in its stock price, closing at ₹516.25, up from ₹495.15 at the previous close.
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Wipro | ₹516.25 | ₹495.15 | 4.26% |
| Tech Mahindra | ₹1585.3 | ₹1524.4 | 4.0% |
| Grasim | ₹2600.35 | ₹2512.4 | 3.5% |
| Mahindra & Mahindra | ₹2840.45 | ₹2745.25 | 3.47% |
| Tata Motors | ₹1098.35 | ₹1062.35 | 3.39% |
Following Wipro, Tech Mahindra also posted strong gains with a 4% increase in its stock price, reaching ₹1585.30. Similarly, Grasim Industries, Mahindra & Mahindra, and Tata Motors showcased notable advances. Mahindra and Mahindra rose after the brokerages were impressed by the launch of the 5-door Thar Roxx.
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Conversely, Divis Laboratories led the downturn with a 0.60% reduction in its stock price.
SBI Life Insurance and Dr Reddy’s Laboratories also experienced minor losses.
| Stock | Current Price | Last Close | % Change |
| Divis Laboratories | ₹4633.9 | ₹4662.0 | -0.60% |
| SBI Life Insurance | ₹1688.9 | ₹1692.1 | -0.19% |
| Dr Reddy’s Laboratories | ₹6793.6 | ₹6801.05 | -0.11% |
Vinod Nair, Head of Research, Geojit Financial Services said, “The stability of the JPY has been instrumental in driving a global market recovery. Besides that, the strong U.S. retail sales and a decline in weekly jobless claims have helped alleviate fears of a U.S. recession. Further, the market sentiment has improved due to a decrease in U.S. CPI inflation.
On the backdrop of these, the Indian IT firms exhibited strong buying interest. Domestically, the Indian CPI inflation rate has fallen below the estimate, signalling optimism. However, challenges such as a drop in WPI inflation, weak IIP, and lukewarm Q1 corporate earnings suggest that market gains may be limited, which is reflected by FIIs maintaining a net seller position.”
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