On Wednesday, Nifty 50 closed 1.13% up at 24,486.35. This was Nifty’s best performance in the last 2 months. 40 stocks gained while 10 declined.
Top Gainers:
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| BEL | ₹301.85 | ₹286.35 | 5.41% |
| Adani Enterprises | ₹3046.25 | ₹2915.55 | 4.48% |
| TCS | ₹4139.65 | ₹3971.35 | 4.24% |
| Infosys | ₹1823.7 | ₹1754.2 | 3.96% |
| Tech Mahindra | ₹1693.55 | ₹1632.65 | 3.73% |
BEL led the gainers with a 5.41% increase, followed closely by Adani Enterprises and TCS with impressive rises as well.
Infosys and Tech Mahindra also showed strong gains, rounding out the top five performers of the day.
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Top Losers:
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| SBI Life Insurance | ₹1603.95 | ₹1633.2 | -1.79% |
| Titan | ₹3177.05 | ₹3230.25 | -1.65% |
| HDFC Life Insurance | ₹708.7 | ₹717.25 | -1.19% |
| IndusInd Bank | ₹1077.65 | ₹1090.1 | -1.14% |
| Cipla | ₹1594.05 | ₹1601.2 | -0.45% |
SBI Life Insurance saw the largest decline of 1.79%. SBI Life was followed by Titan and HDFC Life Insurance with a 1.65% and 1.19% decline. IndusInd Bank and Cipla also faced downturns.
Vinod Nair, Head of Research, Geojit Financial Services said, “The global markets experienced a relief rally following the US election results, reducing political uncertainty with Trump securing a strong mandate. This has led to strong risk-on sentiments, driven by expectations of tax cuts and increased government spending. The domestic buying was broad-based, with IT leading the charge in anticipation of rebound in IT spending in the US. BFSI spending in the US has improved as per the IT Q2 result which is positive for Indian players.”
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