NTPC Top Gainer As Nifty Struggled To Hold To Fresh All Time High
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On Thursday, Nifty 50 gained 0.15% to 25,415.80. The benchmark index hit an all-time high of 25,611.95 in the session. 27 stocks gained while 23 declined.

NTPC led the gains with a 2.37% increase, closing at ₹423.95. NTPC gained after its green energy subsidiary filed papers with SEBI for a ₹10,000 crore IPO.

Kotak Mahindra Bank followed with a 1.75% rise, reaching ₹1871.95. Titan, Nestle India, and Hindustan Unilever also saw gains in the session.

See Also: Have Indexation Changes Hit Demand In The Real Estate Sector? Industry Experts Weigh In

Top 5 Gainers

StockCurrent PriceLast Close% Change
NTPC₹423.95₹414.152.37%
Kotak Mahindra Bank₹1871.95₹1839.701.75%
Titan₹3780.95₹3725.351.49%
Nestle India₹2634.20₹2597.151.43%
Hindustan Unilever₹2911.75₹2875.851.25%

Top 5 Losers

StockCurrent PriceLast Close% Change
BPCL₹324.45₹336.10-3.47%
Coal India₹477.95₹487.10-1.88%
ONGC₹285.25₹290.40-1.77%
Adani Ports₹1408.20₹1428.80-1.44%
Shriram Finance₹3525.35₹3574.70-1.38%

On the downside, BPCL saw the steepest drop with a 3.47% decrease, closing at ₹324.45.

Coal India, ONGC, Adani Ports, and Shriram Finance also posted losses in the session.

Vinod Nair, Head of Research, Geojit Financial Services said, “The benchmark indices concluded with a minor gain after hitting record highs post the US FED’s more than expected interest rates cut of 50 bps and hinted for further reduction. The substantial rate cut sparked concerns over global slowdown, resulting in profit booking in mid & small cap trading at premium valuation. Meanwhile, domestic heavyweight sectors like banking and FMCG saw buying interest, driven by foreign inflows and the RBI’s monetary easing expected in October.”

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