BackTop gainers, losers today: Adani Ent, HDFC twins, Sun Pharma, Indiabulls Real Estate; check full list here
Top gainers, losers today: Markets witnessed selling pressure on Wednesday due to decline in banking and financial stocks coupled with profit booking in Adani stocks. Consumer durables and healthcare shares were top gainers.
PremiumIndian markets pulled back in the closing hours of Wednesday on the back of muted global cues, stalled US debt ceiling negotiations, rising bond yields, and Fed's hawkish comments. Also, profit booking in Adani stocks coupled with a decline in HDFC twins, banking, and financial stocks dragged the performance.
Sensex moved away from its critical 62,000 mark to end at 61,773.78 down by 208.01 points or 0.34% on Wednesday. Nifty 50 closed at 18,285.40 lower by 62.60 points or 0.34%. Bank Nifty plunged by nearly 277 points to finish at 43,677.85. Also, the financial services index dipped nearly a percent.
In the broader markets, midcap and smallcap stocks witnessed a slight upside. In terms of sectoral indices, consumer durables stocks outperformed with the index on BSE rising over 511 points followed by the healthcare index which gained by 170 points. Banking and financials were top laggards.
Read here: Stock Market Today: Sensex, Nifty fall on weak global cues; BSE Midcap hits 52-week high
Talking about market performance, Vinod Nair, Head of Research at Geojit Financial Services said, "The domestic market experienced a short-lived rally that was overshadowed by subdued global market sentiment. US Treasury yields rose due to concerns over stalled US debt ceiling talks and hawkish comments from US Fed officials, which reduced the chances of a rate pause. European markets also declined, triggered by higher-than-expected UK inflation figures that bet on more rate hikes by the BoE."
On May 24th, a total of 1,677 stocks advanced, while 1,796 stocks declined, and the remaining 129 stocks were unchanged. Meanwhile, a total of 116 stocks touched a new 52-week high and 46 stocks struck their new 1-year low.
Read here: Block deal: Mahindra CIE Automotive shares hit new 52-week high as M&M sells entire 3.195% stake
Here is the list of top gainers and losers during the current trading session:
Sensex:
Top gainers: Sun Pharma (+1.96%), Titan (+1.05%), ITC (+1.01%), IndusInd Bank (+1.01%), and Tech Mahindra (+0.80%).
Top losers: Tata Motors (-1.57%), ICICI Bank (-1.30%), HDFC Bank (-1.29%), HDFC (-1.23%), and Bajaj Finserv (-0.73%).
Nifty 50:
Top gainers: Sun Pharma (+1.98%), Dr. Reddy's Lab (+1.31%), ITC (+1.13%), IndusInd Bank (+1.06%), and Titan (+0.99%).
Top losers: Adani Enterprises (-6.03%), Adani Ports (-2.21%), Tata Motors (-1.49%), HDFC Bank (-1.36%), and ICICI Bank (-1.29%).
Read here: Nykaa Q4: Net profit decline 71% to ₹2.4 cr, revenue up 34%
BSE:
Top gainers: Schneider Electric (+13.46%), Sudarshan Chemical Industries (+11.96%), Optiemus Infracom (+10.70%), Deepak Nitrate (+9.58%), and Indiabulls Real Estate (+8.81%).
Top losers: Polypex Corporation (-8.18%), Adani Enterprises (-5.9%), Cummins India (-5.36%), Sequent Scientific (-5.09%), and Johnson Controls-Hitachi Air Conditioning India (-4.39%).
NSE:
Top gainers: Schneider Electric (+14.01%), Prime Focus (+13.47%), GTL Infra (+13.33%), Dynamic Cables (+12.63%), and Visesh Infotechnics (+12.50%).
Top losers: Dishman Carbogen (-12.27%), Antony Waste Handling Cell (-11.54%), Orient Bell (-10.09%), Sanghvi Movers (-8.88%), and Polyplex Corp (-8.28%).
By the end of Wednesday's trading session, BSE-listed firms' market cap stood at over ₹279.46 lakh crore.
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