On Friday, Nifty gained 1.48% to 25,790.95. The benchmark index hit another all time high 25,849.25. 43 stocks gained while 6 declined and 1 remained unchanged.
M&M led the gainers, with a strong surge of 5.48%, closing at ₹2950.85.
Top Gainers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| M&M | ₹2950.85 | ₹2797.50 | 5.48% |
| ICICI Bank | ₹1338.45 | ₹1292.00 | 3.59% |
| JSW Steel | ₹981.55 | ₹948.40 | 3.49% |
| Larsen & Toubro | ₹3793.90 | ₹3683.70 | 2.99% |
| Bharti Airtel | ₹1711.75 | ₹1664.85 | 2.82% |
ICICI Bank followed closely with a 3.59% gain, while JSW Steel, Larsen & Toubro, and Bharti Airtel also showed robust gains.
On the downside, Grasim Industries led the losers, with a 2.22% drop, closing at ₹2678.25.
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SBI, IndusInd Bank, TCS, and Bajaj Finance also faced losses in the session.
Top Losers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Grasim Industries | ₹2678.25 | ₹2738.95 | -2.22% |
| SBI | ₹781.70 | ₹789.95 | -1.04% |
| IndusInd Bank | ₹1480.20 | ₹1484.75 | -0.31% |
| TCS | ₹4284.90 | ₹4296.15 | -0.26% |
| Bajaj Finance | ₹7582.45 | ₹7590.35 | -0.10% |
Vinod Nair, Head of Research, Geojit Financial Services said, “The Indian market has joined the rally following the 50bps Fed rate cut and super accommodative monetary policy. It is expected to bring positivity to the economy and foreign inflows in the short to medium-term as the global economy continues to be robust. Traction is on rate sensitive sectors like Auto & Finance. Conventional sectors like FMCG are also performing well in anticipation of good results led by the dual benefit of demand and reduction in input cost.”
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