On Monday, Nifty 50 gained 0.65% to 24,339.15. 36 stocks gained while 14 declined.
Top Gainers
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Shriram Finance | ₹3259.30 | ₹3092.65 | 5.39% |
Adani Enterprises | ₹2798.65 | ₹2693.45 | 3.91% |
ICICI Bank | ₹1292.85 | ₹1255.45 | 2.98% |
Eicher Motors | ₹4720.65 | ₹4591.60 | 2.81% |
Wipro | ₹558.60 | ₹543.45 | 2.79% |
Shriram Finance topped the chart with a significant rise of 5.39%, ending the session at ₹3259.30.
Adani Enterprises followed with a strong gain of 3.91%. Other leading gainers like ICICI Bank, Eicher Motors, and Wipro also posted substantial increases. ICICI Bank gained after posting strong Q2 results.
Top Losers
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Coal India | ₹441.65 | ₹461.10 | -4.22% |
Bajaj Auto | ₹10011.25 | ₹10206.10 | -1.91% |
Axis Bank | ₹1171.60 | ₹1189.35 | -1.49% |
Kotak Mahindra Bank | ₹1749.85 | ₹1768.85 | -1.07% |
Hero MotoCorp | ₹4927.80 | ₹4973.30 | -0.91% |
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Conversely, Coal India experienced the largest decline, dropping 4.22% to ₹441.65.
Other stocks such as Bajaj Auto and Axis Bank also saw declines in the session. Kotak Mahindra Bank and Hero Motocorp also fell 1.07% and 0.91% declines in the session respectively.
Vinod Nair, Head of Research, Geojit Financial Services said, “The market exhibited a rebound after continuous selloff last week. Positive results from banks and a slump in oil prices in expectation of an ease in retaliations in the Middle East aided investor sentiment. Stability in the broad-based rally requires more evidence from earnings, which are currently in the doldrums of weak demand and margin pressure. We expect companies with a less leveraged balance sheet and growth prospects to outperform when the market stabilizes.”
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