On Tuesday, Nifty 50 fell 0.05% to 25,796.90. 20 stocks gained and 29 declined and 1 remained unchanged.
Leading the pack of gainers, Tech Mahindra saw a significant 3.06% rise, with its current price standing at ₹1625.40, up from the previous close of ₹1577.20.
Gainers
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Tech Mahindra | ₹1625.40 | ₹1577.20 | 3.06% |
Mahindra & Mahindra | ₹3165.50 | ₹3094.90 | 2.28% |
Britannia Industries | ₹6446.05 | ₹6338.15 | 1.70% |
Adani Enterprises | ₹3186.10 | ₹3135.85 | 1.60% |
Infosys | ₹1904.35 | ₹1875.60 | 1.53% |
Following closely, Mahindra & Mahindra experienced a 2.28% increase, taking its current price to ₹3165.50 from the last close of ₹3094.90. Mahindra and Mahindra gained after reporting a 16% growth in total vehicle sales.
Britannia Industries also had a good run, with a 1.70% rise in its stock price. The current price stands at ₹6446.05, up from its last close of ₹6338.15.
Other notable gainers included Adani Enterprises and Infosys, which saw a 1.60% and 1.53% increase in their stock prices, respectively.
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On the flip side, IndusInd Bank experienced the steepest fall among the NIFTY 50 stocks, with a 2.62% decrease in its stock price. The current price stands at ₹1409.70, down from its last close of ₹1447.60.
Losers
Stock | Current Price | Last Close | % Change |
---|---|---|---|
IndusInd Bank | ₹1409.70 | ₹1447.60 | -2.62% |
ONGC | ₹291.95 | ₹297.60 | -1.90% |
Asian Paints | ₹3277.35 | ₹3329.10 | -1.55% |
Bajaj Auto | ₹12157.45 | ₹12345.95 | -1.53% |
Titan | ₹3775.95 | ₹3823.95 | -1.26% |
Other stocks that faced a downturn include ONGC and Asian Paints, with decreases of 1.90% and 1.55% in their stock prices, respectively.
Bajaj Auto and Titan also witnessed a slump, with decreases of 1.53% and 1.26%, respectively. Bajaj Auto fell despite recording a 20% growth in its September sales number.
Shrikant Chouhan, head of equity research, Kotak Securities said, “Today, the benchmark indices witnessed a narrow range activity, the Nifty ends 14 points lower while the Sensex was down by 33 points. Among Sectors, Media and Digital indices outperformed and rallied over 1% whereas the Energy index registered intraday selling pressure at higher levels. Technically, after a yesterday sharp selloff today’s market witnessed range-bound activity.
A small candle formation on daily charts indicates indecisiveness between the bulls and the bears. We are of the view that, 25910/84650 would be the trend decider level for the bulls. As the long as market is trading below the same, the weak sentiment is likely to continue. On the downside, the market could retest the level of 25680-25650/84000-83700. On the flip side, above 25910/84650 the market could bounce back up to 25975-26000/84900-85000. The current market texture is non-directional hence level based trading would be the ideal strategy for the day traders.”
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