On Thursday, Nifty 50 closed flat at 24,998.45. 23 stocks gained while 26 declined and 1 remained unchanged.
Leading the pack of gainers was Kotak Mahindra Bank, which saw a significant jump of 4.18% from its last close, with the current price standing at ₹1876.10.
Top Gainers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Kotak Mahindra Bank | ₹1876.1 | ₹1800.8 | 4.18% |
| HDFC Bank | ₹1662.4 | ₹1633.15 | 1.79% |
| Bharat Electronics | ₹286.9 | ₹282.4 | 1.59% |
| Maruti Suzuki | ₹12944.1 | ₹12760.7 | 1.44% |
| Power Grid Corporation | ₹334.35 | ₹329.75 | 1.39% |
Following closely was HDFC Bank, which experienced a 1.79% increase in its stock price. The current price of HDFC Bank is ₹1662.40, up from its last close of ₹1633.15.
BEL and Maruti Suzuki also had a positive trading day, with their stocks gaining 1.59% and 1.44% respectively. BEL gained along with the other defence stocks after CCS approved defence deals worth ₹80,000 crore.
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Completing the list of top five gainers is Power Grid Corporation, which saw a modest increase of 1.39% in its stock price, taking its current price to ₹334.35.
Top Losers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Cipla | ₹1618.9 | ₹1680.5 | -3.67% |
| Tech Mahindra | ₹1619.7 | ₹1658.8 | -2.36% |
| Trent | ₹8028.85 | ₹8220.85 | -2.34% |
| Sun Pharma | ₹1887.75 | ₹1930.85 | -2.23% |
| Hero MotoCorp | ₹5456.1 | ₹5554.6 | -1.77% |
On the other end of the spectrum, Cipla emerged as the worst performer of the day, with its stock price falling by 3.67% to ₹1618.90.
Tech Mahindra and Trent also experienced a downward trend, with their stocks declining by 2.36% and 2.34% respectively. The current prices for these stocks stand at ₹1619.70 and ₹8028.85, respectively.
Sun Pharma and Hero MotoCorp rounded off the list of top five losers, with their stocks falling by 2.23% and 1.77% respectively. The current prices for these stocks are ₹1887.75 and ₹5456.10, respectively.
Vinod Nair, Head of Research, Geojit Financial Services said, “The market traded on a range bound trend with a negative bias ahead of the start of Q2 result. The Asian market started well but could not hold on to the gains as European markets waved on a negative trend in anticipation of the key US inflation data, global bond yields are rising. Domestic broader market momentum was mixed with caution as the initial expectation of Q2FY25 results is subdued due to a subpar momentum in the global and rural demand.”
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