Bajaj Auto Top Gainer As Nifty 50 Inches Close To 26,000
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

On Monday, Nifty 50 rose 0.39% to 25,939.05. The benchmark index raced to an all-time high of 25,956 in the session.

Bajaj Auto led the gainers with a 3.35% increase, closing at ₹12378.6.

M&M and ONGC followed with rises of 3.33% and 3.21%, respectively. Hero MotoCorp and SBI Life also posted strong gains, closing at ₹6190.55 and ₹1920.15.

Top 5 Gainers

StockCurrent PriceLast Close% Change
Bajaj Auto₹12378.6₹11941.703.7%
M&M₹3047.0₹2950.853.33%
ONGC₹295.45₹286.253.21%
Hero MotoCorp₹6190.55₹6013.252.95%
SBI Life₹1920.15₹1870.252.67%

On the downside, Eicher Motors led the losers with a 1.68% drop, closing at ₹4879.55.

See Also: What Are Index Funds And Who Should Invest In Them?

Top 5 Losers

StockCurrent PriceLast Close% Change
Eicher Motors₹4879.55₹4963.15-1.68%
Divi’s Laboratories₹5372.85₹5450.75-1.43%
ICICI Bank₹1321.90₹1338.45-1.24%
IndusInd Bank₹1465.10₹1480.20-1.02%
Tech Mahindra₹1607.15₹1622.05-0.92%

Divi’s Laboratories, ICICI Bank, IndusInd Bank, and Tech Mahindra also faced losses, with their stock prices falling by 1.43%, 1.24%, 1.02%, and 0.92%, respectively.

Vinod Nair, head of research, at Geojit Financial Services, said, “The euphoria from the FED rate cut continued to lift the domestic market. The benign input costs and an expectation of a change in stance by the RBI amid cuts by global banks will provide tailwinds to valuation. Though there is moderation in India PMI data, investors are anticipating that the wave of liquidity from FII may provide stability in the sentiment.”

Read Next: Dean Of Valuation Aswath Damodaran Thinks Zomato May Still Be Overvalued, Fair Value At Around…


Engineered by Benzinga Neuro, Edited by Ananthu CU


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
EquitiesNewsMarketsMoversTrading IdeasGainers And LosersNifty 50