On Monday, Nifty 50 fell 0.29% to 24,781.10. 15 stocks gained while 35 declined.
Bajaj Auto led the gains with an impressive surge of 4.34%, closing at ₹10,500.50, up from its last close of ₹10,063.95.
Not far behind, HDFC Bank also made its mark with a notable increase of 2.79%, taking its current price to ₹1,728.7. HDFC Bank rose after it posted strong Q2 results which impressed the brokerages.
Asian Paints, also painted a positive picture with a 1.91% rise, pushing its current price to ₹3,049.2.
Automotive company M&M and motorcycle manufacturer Eicher Motors also made it to the top gainers list with a 1.15% and 0.94% increase respectively, taking their current prices to ₹2,998.2 and ₹4,810.45.
Top 5 Gainers
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Bajaj Auto | ₹10,500.5 | ₹10,063.95 | 4.34% |
HDFC Bank | ₹1,728.7 | ₹1,681.85 | 2.79% |
Asian Paints | ₹3,049.2 | ₹2,992.15 | 1.91% |
M&M | ₹2,998.2 | ₹2,964.25 | 1.15% |
Eicher Motors | ₹4,810.45 | ₹4,765.65 | 0.94% |
Conversely, Tata Consumer Products experienced the largest drop, declining by 6.97% to close at ₹1,017.05, down from ₹1,093.25.
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Kotak Mahindra Bank also faced a setback with a 4.37% decrease, bringing ₹1,789.2.
Financial services company Bajaj Finserv, petroleum company BPCL, and banking institution IndusInd Bank also found themselves on the losing end with declines of 3.38%, 3.17%, and 2.89% respectively.
Top 5 Losers
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Tata Consumer Products | ₹1,017.05 | ₹1,093.25 | -6.97% |
Kotak Mahindra Bank | ₹1,789.2 | ₹1,871.05 | -4.37% |
Bajaj Finserv | ₹1,758.4 | ₹1,819.9 | -3.38% |
BPCL | ₹331.65 | ₹342.5 | -3.17% |
IndusInd Bank | ₹1,308.25 | ₹1,347.25 | -2.89% |
Vinod Nair, Head of Research, Geojit Financial Services said, “The domestic market displayed considerable volatility, with key indices swinging between negative and positive terrain. PBOC has further reduced interest rates by 25 bps to support its struggling economy. Meanwhile, FIIs continued their strategic buying in China while selling off in India, driven by weaker corporate earnings and valuation concerns. Concurrently, domestic Q2 earnings have been mostly underwhelming, with major private sector banks notably disappointing. However, DIIs have offered some support, mitigating the market's decline.”
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