Top gainers, losers today: Adani stocks, SpiceJet, NCC, Tech Mahindra; check full list here
Although markets ended on a muted note, however, the overall sentiment still remained positive with Nifty 50 sustaining above 18,300 levels. Among most active stocks were Adani Enterprises, Adani Wilmar, SpiceJet, Bajaj Finserv, Tech Mahindra and HCL Tech.
PremiumDespite closing on a broadly muted note, the market's mood remained optimistic with the Nifty 50 sustaining above 18,300 positions on Tuesday. During the day, Sensex crossed near 62,100 levels and Nifty 50 touched over the 18,400 mark before correcting. Adani stocks remained in key focus with stellar buying in the majority of them. Midcap stocks also outperformed the benchmarks.
Sensex ended at 61,981.79 up by 18.11 points or 0.03%. Nifty 50 surpassed its counterpart to finish at 18,348 higher by 33.60 points or 0.18%. Earlier, in the day, Sensex and Nifty 50 touched an intraday high of 62,245.19 and 18,419.75 respectively.
In two trading sessions of this week, the Nifty 50 has seen better movement than Sensex.
Nevertheless, Bank Nifty rebounded from its previous selloff to close at 43,954.45 up by 69.35 points or 0.16%.
In the broader market, on BSE, the Midcap index advanced by over 111 points, and Sensex Next 50 jumped by 148 points. These two indices saw the most buying compared to other cues.
Read here: Stock Market Today: Sensex, Nifty end flat on profit booking; US debt ceiling uncertainty weighs on sentiment
Meanwhile, in the case of sectoral indices, auto, and oil & gas stocks were the top gainers, while capital goods and consumer durables were the top underperformers.
On the market performance, Vinod Nair, Head of Research at Geojit Financial Services said, "Domestic benchmark indices closed flat after a positive session, driven by buying in the metal, pharma, and auto sectors. However, market sentiment was challenged by a sell-off in IT stocks, influenced by weak signals from the US market."
About 1,777 stocks advanced, while 1,730 stocks declined and 117 stocks remained unchanged. A total of 128 stocks touched a new 52-week high and about 42 stocks hit their fresh 1-year low.
Here is the list of top gainers and losers on exchanges during Tuesday's session:
Sensex:
Top gainers: Bajaj Finserv (+1.75%), Tata Motors (+1.18%), Asian Paint (+1.07%), ITC (+1%), and IndusInd Bank (+0.98%).
Top losers: Tech Mahindra (-1.21%), Titan (-1.11%), HCL Tech (-1.07%), Kotak Bank (-0.97%), L&T (-0.88%).
Nifty 50:
Top gainers: Adani Enterprises (+13.49%), Divi's Labs (+3.61%), Baja Finserv (+1.82%), Eicher Motors (+1.54%), and UPL (+1.54%).
Top losers: Apollo Hospital (-1.40%), HCL Tech (-1.33%), Grasim (-1.18%), Tech Mahindra (-1.18%), and Kotak Bank (-0.99%).
BSE:
Top gainers: Valiant Organics (15.85%), Adani Enterprises (+13.19%), Reliance Power (+12.99%), Adani Wilmar (+10% upper circuit), and Optiemus Infracom (+8.78%),
Top losers: SpiceJet (-13.93%), NCC (-8.40%), Borosil (-8.31%), HEG (-7.36%), and KEC International (-5.97%).
Read here: SpiceJet share price extends 6-days losing streak, dips 19% today; here's what investors should know
NSE:
Top gainers: Indo Tech hits 20% upper circuit, Zuari Agro (+16.42%), Dangee Dums (+16.28%), NACL Industries (+15.80%), Valiant Organics (+15.18%).
Top losers: NRB Bearing (-10.53%), Arihant Superstructures (-9.78%), Shree Ram Proteins (-9.57%), Balaxi Pharma (-8.69%), and NCC (-8.62%).
Going ahead, Nair added, "The direction of the US market is anticipated to impact global equities, with investors closely monitoring upcoming events such as the release of FOMC minutes, US PMI, and progress in debt-ceiling talks."
In regards to the Nifty 50, Rupak De, Senior Technical Analyst at LKP Securities said, despite the lack of significant fluctuations, market sentiment remained optimistic as the Nifty managed to sustain its position above the support level of 18300. However, a notable resistance was observed at 18500. If the Nifty manages to break through this resistance decisively, it could potentially trigger a rally toward the 18800 level.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
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