On Monday, Nifty 50 reversed early weakness and closed 0.34% higher at 24,936.40. 26 stocks gained while 24 declined.
The top gainer of the day, Britannia, saw its stock price rise by 1.64% to ₹5939.45, compared to its last close at ₹5843.55.
Following closely, ITC registered a 2% increase, with its current price standing at ₹511.75, up from the previous close of ₹501.70.
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Gainers:
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Hindustan Unilever | ₹2921.8 | ₹2838.95 | 2.92% |
Shriram Finance | ₹3315.7 | ₹3235.65 | 2.47% |
ICICI Bank | ₹1235.0 | ₹1208.15 | 2.22% |
ITC | ₹511.75 | ₹501.7 | 2.0% |
Britannia Industries | ₹5939.45 | ₹5843.55 | 1.64% |
Next in line, ICICI Bank and Shriram Finance posted gains of 2.22% and 2.47%, with their stock prices reaching ₹1235.00 and ₹3315.70, respectively. Hindustan Unilever rounded off the top five gainers with a significant 2.92% surge to ₹2921.80.
On the other end of the spectrum, ONGC led the pack of losers with a 3.21% drop to ₹298.90 from its last close at ₹308.80.
Tech Mahindra followed suit with a 2.71% decrease, bringing its stock price down to ₹1579.20.
Losers:
Stock | Current Price | Last Close | % Change |
---|---|---|---|
ONGC | ₹298.9 | ₹308.8 | -3.21% |
Tech Mahindra | ₹1579.2 | ₹1623.25 | -2.71% |
Hindalco | ₹658.55 | ₹667.1 | -1.28% |
NTPC | ₹389.85 | ₹394.8 | -1.25% |
BPCL | ₹347.8 | ₹352.15 | -1.24% |
Hindalco and NTPC also experienced a slump, with their stock prices falling by 1.28% and 1.25% to ₹658.55 and ₹389.85, respectively. Lastly, BPCL saw a minor dip of 1.24%, closing at ₹347.80.
Ajit Mishra – SVP, Research, Religare Broking said, “The markets began the week on a subdued note and ended nearly flat, pausing after Friday’s decline. After an initial dip, a recovery in select heavyweight stocks led to a slight rebound, followed by range-bound movement for the rest of the session. Sector-wise, the performance was mixed, with FMCG and banking sectors showing strength, while energy and metal stocks declined. The broader indices remained under pressure, posting losses between 0.5% and 1%. This is a normal pause, and holding above 24,900 could trigger a further rebound toward the 25,100-25,200 range. Otherwise, the decline may resume. A lot will depend on the performance of global markets, particularly the US, given the lack of major domestic triggers. We advise maintaining balanced positions on both sides, with an emphasis on risk management in the interim.”
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