Cipla, M&M Top Gainers As Nifty Scales Fresh Highs Again
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On Friday, Nifty 50 rose 0.33% to 25,235.90. The index hit another all time high of 25,268.35 during the session. 37 stocks gained while 13 declined.

Cipla emerged as the top performer, with its stock price surging to ₹1654.90, marking a 2.24% increase from its last close at ₹1618.55.

Following closely was Bajaj Finance, the stock of which climbed to ₹7200.15, up by 1.93% from its previous close at ₹7063.55.

Mahindra and Mahindra also made significant strides, with its stock price rising to ₹2805.40, a 1.73% increase from the last close at ₹2757.60.

See Also: What Should Investors Do After Tata Motors DVR Shares Suspension

Divi’s Laboratories and Bajaj Finserv also experienced positive shifts, with their stock prices increasing by 1.62% and 1.56% to ₹5093.90 and ₹1783.05, respectively.

Top Gainers:

StockCurrent PriceLast Close% Change
Cipla₹1654.90₹1618.552.25%
Bajaj Finance₹7200.2₹7063.551.93%
M&M₹2805.40₹2757.601.73%
Divi’s Laboratories₹5093.90₹5012.551.62%
Bajaj Finserv₹1783.05₹1755.651.56%

Tata Motors was the top loser with the stock price dipping to ₹1111.35, a decrease of 0.92% from its last close at ₹1121.65.

Other significant losers included Reliance Industries, with its stock price falling by 0.74% to ₹3019.25, and Tech Mahindra, which saw a 0.66% decrease in its stock price to ₹1636.50.

FMCG major ITC and state-owned mining company Coal India also witnessed a downward trend, with their stock prices falling by 0.63% and 0.49% to ₹501.90 and ₹524.95, respectively.

Top Underperformers:

StockCurrent PriceLast Close% Change
Tata Motors₹1111.35₹1121.65-0.92%
Reliance Industries₹3019.25₹3041.85-0.74%
Tech Mahindra₹1636.50₹1647.35-0.66%
ITC₹501.90₹505.10-0.63%
Coal India ₹524.95₹527.55-0.49%

Vinod Nair, Head of Research, Geojit Financial Services said, “Global markets are currently resonating with the US Fed's pledges of a rate cut in September. The US & Indian markets have regained the recent highs, reflecting the continuation of this optimism. However, the dollar is strengthening given healthy US GDP growth, strong retail sales and expectation that the upcoming US job claims will be steady leading to shallow rate cuts in the future. Though the domestic market is currently showing a positive bias, the Indian Q1 GDP growth is expected to be moderate, while premium valuation and a lack of fresh triggers could see further momentum buildup in value stocks.”

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