Mahindra Mahindra Top Loser As Nifty Closes The Week In Red
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On Friday, Nifty 50 fell 0.93% to 25,014.60. 10 stocks gained while 40 declined.

Leading the pack of gainers was Infosys, with a 1.31% increase, currently priced at ₹1918.15.

ONGC followed, with a 1.10% rise to ₹295.25, reflecting positive sentiment in the energy sector. HDFC Life, Tech Mahindra and Wipro were the other gainers with gains of 0.93%, 0.77% and 0.64% respectively.

Top Gainers

StockCurrent PriceLast Close% Change
Infosys₹1918.15₹1893.401.31%
ONGC₹295.25₹292.051.10%
HDFC Life₹708.80₹702.250.93%
Tech Mahindra₹1616.45₹1604.050.77%
Wipro₹533.55₹530.150.64%

On the flip side, Mahindra & Mahindra took the hardest hit, with a 3.59% decrease to ₹3017.45. Mahindra and Mahindra fell despite brokerages sharing positive update on the Thar Roxx launch.

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Bajaj Finance and Nestlé India followed closely, each experiencing 2.99% and 2.87% drops. Bajaj Finance fell even as its AUM grew by 29%. Other losers in the session were Hero Motocorp and BPCL.

Top Losers

StockCurrent PriceLast Close% Change
Mahindra & Mahindra₹3017.45₹3129.85-3.59%
Bajaj Finance₹7211.35₹7433.85-2.99%
Nestlé India₹2598.15₹2674.85-2.87%
Hero MotoCorp₹5520.85₹5662.75-2.51%
BPCL₹340.25₹348.85-2.47%

Vinod Nair, Head of Research, Geojit Financial Services said, “The bearish sentiment continued as investors are monitoring the escalating conflict in the Middle East and have adopted a sell-on recovery strategy. Crude prices have moved up sharply but may be restricted due to an increase in production from OPEC+. The drag was across sectors led by realty, auto, and FMCG except IT stocks, which gained due to expected benefits from US rate cuts and defensive nature. The pessimism on the market is expected to continue in the near term amidst rising crude prices and fund flows to cheaper markets like China.”

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