BackTop gainers, losers today: Bajaj twins, ITC, Hindalco, Adani Enterprises, Dilip Buildcon; check full list here
Sensex and Nifty 50 flirt near lifetime highs, boosted by decent Q4 earnings, foreign funds flow, and expectations of normal monsoon and robust GDP growth. Auto stocks led gains, while consumer durables and metal stocks lagged.
PremiumIndian market recorded an eventful trading on Tuesday with Sensex and Nifty 50 continuing to flirt near their lifetime highs. Decent Q4 earnings, consistent foreign funds flow, and expectations of normal monsoon, coupled with hopes of robust growth in GDP data and global trends dictated the upside in domestic equities. Sensex is near the psychological 63,000 mark and Nifty 50 stretched as far as over 18,660 levels.
After hitting an intraday high of 63,036.12, Sensex closed at 62,969.13 up by 122.75 points or 0.20%. Nifty 50 too ended near its day's high of 18,662.45, to 18,633.85 up by 35.20 points or 0.19%.
Auto stocks were the top gainers, while consumer durables and metal stocks were the top laggards.
Vinod Nair, Head of Research at Geojit Financial Services said, "The domestic market continued its rally as recent Q4 results indicated improvement in demand. Further, expectations of a normal monsoon and a drop in international commodity prices support a rise in the margin profile. The underlying trend is strong, supported by strong liquidity, the negative slope of the interest yield, and the forecast of strong QoQ growth in Q4 FY23 GDP vs. 4.4% in Q3."
Read here: Stock Market Today: Sensex, Nifty rise for fourth day on the trot; BSE Midcap, Smallcap indices hit fresh 52-week highs
India's volatility index ended lower by 2.33%.
On May 30th session, about 1700 stocks advanced, while 1794 stocks declined and the remaining 120 stocks were unchanged. A total of 153 stocks touched their fresh 52-week highs and 33 stocks hit their new 1-year lows.
Here is the list of top gainers and losers during the May 30th trade:
Sensex:
Top gainers: ITC (+2.31%), Bajaj Finserv (+1.08%), Kotak Bank (+1.07%), Bajaj Finance (+1.02%), and Axis Bank (+0.90%).
Top losers: Tech Mahindra (-1.27%), Tata Steel (-1.15%), Sun Pharma (-0.92%), Nestle India (-0.70%), and L&T (-0.61%).
Read here: Gold prices hit over 2-month low; should you start accumulating bullion?
Nifty 50:
Top gainers: ITC (+2.35%), HDFC Life (+1.72%), Bajaj Finserv (+1.13%), Kotak Mahindra Bank (+0.97%), and Bajaj Finance (-0.95%).
Top losers: Hindalco (-1.49%), Adani Enterprises (-1.46%), Tata Steel (-1.38%), Tech Mahindra (-1.28%), and Dr Reddy's Lab (-1.03%).
BSE:
Top gainers: Dilip Buildcon hits 20% upper circuit, Eureka Forbes (+13%), ISGEC (+9.26%), Jindal Saw (+8.65%), and Hikal (+8.60%).
Top losers: Stove Kraft (-12.30%), Best Agrolife (-11.41%), Jubilant Pharmova (-7.14%), GRM Overseas (-5.19%), Techno Electric & Engineering (-6.78%), and OnMobile Global (-6.37%).
NSE:
Top gainers: Force Motors, Venus Remedies, Dilip Buildcon, and Electrotherm (India) hit a 20% upper circuit each. A2Z Infra Engineering jumps 14.84%.
Top losers: Godha Cab Insulat (-33.33%), Technocraft Industries (-17.96%), Stove Kraft (-12.30%), Praxis Home Retail (-12.14%), and RKEC Projects (-11.62%).
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