SBI Jumps 5% To Lead Nifty Gainers As Markets Stage Late-Hour Recovery
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On Tuesday, Nifty 50 rose 0.52% to 24,466.85. 27 stocks gained while 22 declined and 1 remained unchanged.

Top Gainers:

StockCurrent PriceLast Close% Change
State Bank of India₹832.70₹792.055.13%
Bharat Electronics₹283.65₹270.055.04%
Eicher Motors₹4898.15₹4720.653.76%
SBI Life Insurance₹1661.35₹1605.903.45%
HDFC Life Insurance₹742.40₹718.253.36%

State Bank of India topped the chart with a significant rise of 5.13%, ending the session at ₹832.70.

Bharat Electronics followed with a strong gain of 5.04%. Other leading gainers like Eicher Motors, SBI Life Insurance, and HDFC Life Insurance also posted substantial increases.

See Also: More Pain Ahead For Vodafone Idea Shares, Analysts Advice Against ‘Catching A Falling Knife’

Top Losers:

StockCurrent PriceLast Close% Change
Tata Motors₹842.75₹878.45-4.06%
Maruti Suzuki₹11046.00₹11483.25-3.81%
Hero MotoCorp₹4787.45₹4927.80-2.85%
Dr. Reddy’s Laboratories₹1274.70₹1311.50-2.81%
Cipla₹1477.55₹1503.15-1.70%

Conversely, Tata Motors experienced the largest decline, dropping 4.06% to ₹842.75.

Other stocks such as Maruti Suzuki and Hero MotoCorp also saw declines of 3.81% and 2.85% respectively. Maruti Suzuki declined after its Q2 results missed analysts’ estimates. Dr Reddy’s Laboratories and Cipla’s shares also fell between 2.81% and 1.70% in the session.

Vinod Nair, Head of Research, at Geojit Financial Services said, “The domestic market is trying to show some signs of a recovery from the recent lows as the Diwali festival approaches. A notable decline in crude oil prices is bolstering market sentiment, though it also indicates a potential slowdown in global demand.

Currently, stock-specific action related to ongoing Q2 earnings, which is largely weak, is expected to drive the market sentiment in the near term. PSU Banks have rebounded from recent corrections, driven by positive initial earnings reports, while auto stocks declined due to disappointing results.”

Read Next: Voltas Q2 Net Profit Jumps 265% To ₹134 Cr, Beats Estimates


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