On Friday, Nifty 50 fell 0.16% to 26,175.15. 29 stocks gained while 21 declined.
Among the top performers, Bharat Petroleum Corporation emerged as the star, with a significant 6.43% increase from its last close, currently trading at ₹367.30.
Following closely was Cipla, which saw a 3.13% rise in its stock price, now at ₹1672.50.
Gainers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Bharat Petroleum Corporation | ₹367.30 | ₹345.10 | 6.43% |
| Cipla | ₹1672.50 | ₹1621.80 | 3.13% |
| Sun Pharmaceutical Industries | ₹1948.70 | ₹1898.40 | 2.65% |
| Coal India | ₹516.10 | ₹506.55 | 1.89% |
| Reliance Industries | ₹3052.35 | ₹2995.90 | 1.88% |
Sun Pharmaceutical Industries also made notable strides, with a 2.65% increase, bringing its current price to ₹1948.70. Coal India and Reliance Industries rounded off the top five gainers, with their stocks appreciating by 1.89% and 1.88% respectively, trading at ₹516.10 and ₹3052.35.
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On the flip side, the day wasn’t as promising for some. Power Grid Corporation of India bore the brunt of the market’s volatility, with its stock price dipping by 3.06% to ₹354.25.
Bharti Airtel followed suit, witnessing a 2.06% decrease, with its current price standing at ₹1734.60.
Losers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Power Grid Corporation of India | ₹354.25 | ₹365.45 | -3.06% |
| Bharti Airtel | ₹1734.60 | ₹1771.10 | -2.06% |
| HDFC Bank | ₹1752.65 | ₹1783.45 | -1.73% |
| ICICI Bank | ₹1306.60 | ₹1329.05 | -1.69% |
| Kotak Mahindra Bank | ₹1872.45 | ₹1902.30 | -1.57% |
Other notable losers included HDFC Bank, ICICI Bank, and Kotak Mahindra Bank. HDFC Bank‘s stock price fell by 1.73% to ₹1752.65, while ICICI Bank and Kotak Mahindra Bank saw their stock prices drop by 1.69% and 1.57% respectively closing at ₹1306.60 and ₹1872.45.
Vinod Nair, Head of Research, Geojit Financial Services said, “Following the recent impressive surge, the benchmark indices experienced a sideways movement today as investors engaged in profit booking at elevated levels. The Chinese market saw sharp gains amidst mixed Asian sentiments, given economic stimulus and attractive valuation. Metals stocks saw a resurgence, while the Pharma and IT sectors saw an uptick on account of weakness in INR. Meanwhile, investors are looking forward to the Q2 earnings report, anticipating improvement in earnings outlook.”
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