Wipro Shares Surge 4% To Top Nifty
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

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

StockCurrent PriceLast Close% Change
Wipro₹549.55₹528.304.02%
Tech Mahindra₹1692.50₹1647.052.76%
HDFC Life₹740.60₹723.852.31%
HDFC Bank₹1688.10₹1651.002.25%
Larsen & Toubro₹3555.05₹3482.552.08%

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.

See Also: Reddit Suffers Global Outage, Disrupting User Access Across Platforms

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

StockCurrent PriceLast 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.”

Read Next: Tata Group Company Reports 11% Fall In Q2 Net Profit To 9.2 Cr


Engineered by Benzinga Neuro, Edited by Ananthu CU


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
EquitiesNewsMarketsMoversGainers And LosersNifty 50