On Monday, Nifty 50 gained 0.76% to 25,010.60. 32 stocks gained while 18 declined. During the session, the 50 stock index achieved an intraday high of 25,043.80 — a smidge below the all-time high of 25,078.30.
Hindalco Industries topped the gainers with a significant 3.90% rise, showing a robust performance in today’s market.
HCLTech and NTPC also showed notable gains, increasing their stock prices by 3.49% and 3.21% respectively. Bajaj Finserv and ONGC made up the rest of the gainers with 2.82% and 2.81% jumps respectively.
Top Gainers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Hindalco Industries | ₹711.85 | ₹685.10 | 3.90% |
| HCLTech | ₹1,719.45 | ₹1661.45 | 3.49% |
| NTPC | ₹414.85 | ₹401.95 | 3.21% |
| Bajaj Finserv | ₹1,686.20 | ₹1639.90 | 2.82% |
| ONGC | ₹327.85 | ₹318.90 | 2.81% |
See Also: PhonePe Turns Adjusted Profit Positive, Posts 74% Rise In Revenue For FY23-24
Top Losers:
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Apollo Hospitals | ₹6,780.00 | ₹6860.70 | -1.18% |
| Hero Motocorp | ₹5,343.75 | ₹5384.90 | -0.76% |
| Adani Ports | ₹1,482.55 | ₹1491.30 | -0.59% |
| Maruti Suzuki | ₹1,2243.80 | ₹12302.30 | -0.48% |
| Eicher Motors | ₹4,875.20 | ₹4898.10 | -0.47% |
On the other end of the spectrum, Apollo Hospitals led the losers with a 1.18% decrease, marking it the biggest drop of the day.
Other stocks such as Hero Motocorp, Adani Ports, Maruti Suzuki and Eicher Motors also experienced declines.
Vinod Nair, Head of Research, Geojit Financial Services said, “US FED has signalled a rate cut in September which is reflected in the decline in US treasury yields and dollar index, which has led to a rally in global markets despite there being no indication of size of cuts.
Indian markets hit a new high led by a change in FII stance to positive from negative along with continued strong DII inflows. Although the overall trend was positive, large caps outperformed on account of healthy earnings and relatively fair valuation compared to broader markets. IT, Realty, FMCG and Consumption gained on account of improved outlook.”
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