On Wednesday, Nifty 50 fell 0.34% to 24,971.30. 17 stocks gained while 33 declined.
HDFC Life rose to the forefront with a 1.76% increase in stock price, now trading at ₹726.80.
Dr Reddy’s Laboratories followed with a 1.50% rise, now priced at ₹6710.90. Grasim Industries also showed notable growth with a 1.03% increase, trading at ₹2764.10. Bharti Airtel and HDFC Bank made up the rest of the gainers with 0.97% and 0.93% gains respectively.
Top 5 Performers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| HDFC Life | ₹726.8 | ₹714.25 | 1.76% |
| Dr. Reddy’s Laboratories | ₹6710.9 | ₹6611.65 | 1.5% |
| Grasim Industries | ₹2764.1 | ₹2735.8 | 1.03% |
| Bharti Airtel | ₹1733.95 | ₹1717.25 | 0.97% |
| HDFC Bank | ₹1699.8 | ₹1684.1 | 0.93% |
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Conversely, Trent faced the steepest decline, dropping 3.92% to ₹7,805.80.
Mahindra & Mahindra also saw a significant decrease of 2.78%, now at ₹3,068.00. Infosys dropped by 2.00%, trading at ₹1920.10. Hero Motocorp and Adani Ports were the rest of the losers with a 1.95% and a 1.16% drop respectively.
Bottom 5 Performers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Trent | ₹7805.8 | ₹8124.25 | -3.92% |
| Mahindra & Mahindra | ₹3068.0 | ₹3155.8 | -2.78% |
| Infosys | ₹1920.1 | ₹1959.3 | -2.00% |
| Hero MotoCorp | ₹5398.2 | ₹5505.65 | -1.95% |
| Adani Ports and Special Economic Zone | ₹1403.8 | ₹1420.3 | -1.16% |
Vinod Nair, Head of Research, Geojit Financial Services said, “The national market traded range bound with a negative bias due to the fear of a downgrade in FY25 earnings, which could impact the sustainability of premium valuation. The participants are expecting only a slow pace in earnings expansion in Q2FY25 due to insipid demand and volatility in input prices. The rate of recovery in Q2 compared to Q1 is below expectation.”
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