On Tuesday, Nifty 50 rose 0.51% to 24,698.85. During the session, 39 stocks gained while 11 scrips declined.
SBI Life Insurance led the gainers with a significant 5.37% increase, closing at ₹1761.30.
HDFC Life Insurance also performed well, with a 3.63% increase, while Bajaj Finserv rose by 3.29%. Shriram Finance and IndusInd Bank rounded out the top gainers.
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Top Gainers:
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| SBI Life Insurance | ₹1761.30 | ₹1671.55 | 5.37% |
| HDFC Life Insurance | ₹710.60 | ₹685.70 | 3.63% |
| Bajaj Finserv | ₹1602.10 | ₹1551.10 | 3.29% |
| Shriram Finance | ₹3159.85 | ₹3075.60 | 2.74% |
| IndusInd Bank | ₹1381.30 | ₹1347.60 | 2.50% |
Top Losers:
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| ONGC | ₹330.10 | ₹335.30 | -1.55% |
| Bharti Airtel | ₹1449.15 | ₹1469.65 | -1.39% |
| Adani Enterprises | ₹3070.65 | ₹3102.55 | -1.03% |
| Cipla | ₹1562.85 | ₹1575.50 | -0.80% |
| Apollo Hospitals | ₹6672.90 | ₹6724.90 | -0.77% |
Conversely, ONGC led the decliners with a 1.55% drop.
Other notable losers included Bharti Airtel, Adani Enterprises, Cipla and Apollo Hospitals, which all saw their stock prices fall.
Vinod Nair, Head of Research, Geojit Financial Services said, “The domestic market started the session with a strong surge, buoyed by positive global sentiment amidst Israel-Hamas ceasefire talks and diminishing US recession fears due to recent favourable data. Concurrently, easing geopolitical risks and weak China demand have led to a decline in crude prices, benefiting the domestic economy. Meanwhile, inflationary pressure in Japan and the appreciating Yen cautioned the rally. This week's Japan inflation data and FOMC minutes will provide insights into future interest rate trajectories and market trends.”
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