On Thursday, Nifty 50 fell 0.11% to close at 23,532.70. During the session, 20 stocks gained while 30 declined.
Eicher Motors emerged as the top gainer, with its stock price soaring by a whopping 6.43% to ₹4883.70, compared to its last close at ₹4588.70. The stock gained after brokerages were impressed by the company’s demand visibility for Royal Enfield models.
Hero MotoCorp followed suit, registering a 1.87% increase in its stock price, closing at ₹4604.00. HDFC Life Insurance saw a 1.31% rise in its share price, ending the day at ₹694.00. Reliance Industries also made it to the top gainers’ list, with a 1.24% increase in its stock price to ₹1267.60. Finally, Kotak Mahindra Bank rounded off the top five gainers with a 1.19% rise, closing at ₹1707.90.
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Top Gainers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Eicher Motors | ₹4883.70 | ₹4588.70 | 6.43% |
| Hero MotoCorp | ₹4604.00 | ₹4519.60 | 1.87% |
| HDFC Life Insurance | ₹694.00 | ₹685.05 | 1.31% |
| Reliance Industries | ₹1267.60 | ₹1252.05 | 1.24% |
| Kotak Mahindra Bank | ₹1707.90 | ₹1687.85 | 1.19% |
On the flip side, Hindustan Unilever led the pack of losers, with its stock price dipping by 3.07% to ₹2389.20.
Top Losers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Hindustan Unilever | ₹2389.20 | ₹2464.95 | -3.07% |
| Tata Consumer Products | ₹925.00 | ₹952.75 | -2.91% |
| Britannia Industries | ₹4915.60 | ₹5046.50 | -2.59% |
| Bharat Petroleum Corporation | ₹298.20 | ₹305.85 | -2.50% |
| Nestle India | ₹2182.80 | ₹2235.25 | -2.35% |
Tata Consumer Products followed closely, witnessing a 2.91% drop in its share price to ₹925.00. Britannia Industries saw a 2.59% decrease in its stock price, closing the day at ₹4915.60. Bharat Petroleum Corporation also took a hit, with a 2.50% drop in its share price to ₹298.20. Lastly, Nestle India rounded off the top five losers with a 2.35% decrease in its stock price, closing at ₹2182.80.
Vinod Nair, Head of Research, Geojit Financial Services said, “Today the domestic market experienced a lacklustre trading, but some stability was observed throughout from the low of the day. The sustainability of this trend remains uncertain as FIIs continue to be on the selling side. But on a positive note the degree of selling is reducing.
“Asian markets too displayed mixed sentiments as investors evaluate potential risk due to a likely change in the US policy with trade barriers. However, it looks like the muted performance of domestic Q2 earnings has been mostly factored in with the consolidation of the last 1-2 months.
“Market will look forward for improvement in domestic business and economy data, in anticipation of a rebound in government spending which reduced during the year due to national & state elections.”
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