On Monday, Nifty 50 rose 0.66% to 25,127.95. 35 stocks gained while 15 declined.
Wipro soared to the top of the gainers’ list with a remarkable 4.02% increase, closing at ₹549.55, up from ₹528.30 at the last close. Following closely was Tech Mahindra, with a significant rise of 2.76%, ending the day at ₹1692.50.
Top Gainers
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Wipro | ₹549.55 | ₹528.30 | 4.02% |
Tech Mahindra | ₹1692.50 | ₹1647.05 | 2.76% |
HDFC Life | ₹740.60 | ₹723.85 | 2.31% |
HDFC Bank | ₹1688.10 | ₹1651.00 | 2.25% |
Larsen & Toubro | ₹3555.05 | ₹3482.55 | 2.08% |
HDFC Life also showed strong performance with a 2.31% increase, closing at ₹740.60. HDFC Bank and Larsen & Toubro also made notable advances, ending the day at ₹1688.10 and ₹3555.05, respectively. Larsen and Toubro gained after JPMorgan gave an “overweight” call.
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On the flip side, ONGC was the session’s most significant underperformer, with its stock price decreasing by 2.07% to ₹286.50. Maruti also experienced a notable drop, closing at ₹12537.85.
Top Losers
Stock | Current Price | Last Close | % Change |
---|---|---|---|
ONGC | ₹286.50 | ₹292.55 | -2.07% |
Maruti | ₹12537.85 | ₹12776.65 | -1.87% |
Tata Steel | ₹158.32 | ₹160.66 | -1.46% |
Bajaj Finance | ₹7208.80 | ₹7302.00 | -1.28% |
Adani Enterprises | ₹3101.10 | ₹3137.20 | -1.15% |
Other major losses included Tata Steel, Bajaj Finance, and Adani Enterprises, with declines of 1.46%, 1.28%, and 1.15% respectively, demonstrating the dynamic nature of the market and highlighting shifts that could impact investor strategies moving forward.
Vinod Nair, Head of Research, Geojit Financial Services said, “Global markets are showing mixed signals as China's disinflation and weaker economic data suggest a potential further slowdown in global economic growth, already affected by rising geopolitical tensions. Furthermore, the positive impact of the Chinese stimulus package seems to be diminishing. Meanwhile, the Indian market is demonstrating resilience, with subdued Q2 earnings expectations seemingly priced in and oil prices declining. The IT and financial sectors are attracting buying interest after recent corrections.”
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