Top gainers, losers today: Bharti Airtel, M&M, Titan Company, L&T, among most active stocks; check full list
2 min read 13 Sep 2023, 04:32 PM ISTTop gainers, losers today: Heavyweights including Bharti Airtel and Titan emerged as the top gainers, while M&M and L&T were the major drags
PremiumDomestic benchmark indices Sensex and Nifty brushed aside pessimism from the previous session and saw increased buying activity in various sectors on Wednesday, September 13, over upbeat macroeconomic data.
India's consumer price index (CPI) inflation eased more-than-expected to 6.83 per cent in August from a 15 month high-peak in July on declining food prices. However, retail inflation still remains above the Reserve Bank of India's upper tolerance limit of 6 per cent.
Food inflation, which accounts for nearly half of the overall basket, was up 9.94 per cent in August compared to a rise of 11.51 per cent in July. Also, India's industrial production rose by 5.7 per cent in July, compared to 3.7 per cent in June on manufacturing, mining, and power sectors.
Sensex finally closed with a gain of 246 points, or 0.37 per cent, at 67,466.99 while the Nifty ended 77 points, or 0.38 per cent, higher at 20,070. It was Nifty's fresh closing high as it was the first time Nifty ended above the 20,000 mark.
Mid and smallcaps, which suffered strong losses in the previous session, resumed their upward journey. The BSE Midcap index rose 0.19 per cent while the Smallcap index clocked a gain of 0.85 per cent.
Financials and banks rose 0.41 per cent and 0.87 per cent, respectively, while energy stocks advanced 0.93 per cent and public sector banks jumped 4.23 per cent. Out of the total 50 stocks, 31 ended in the green in the Nifty pack and the remaining 19 ended lower.
Oil prices extended 10-month highs on Wednesday, driven by expectations that crude supply will remain tight for the rest of the year. The continuing supply cuts could lift Brent futures above the $100 a barrel threshold before the end of the year, according to analysts at Bank of America.
‘’The contraction in the UK economy and rise in oil prices have created a level of uncertainty in the global market. Also, investors await US inflation data today, which holds global significance as it will provide insights into the Fed's policy outlook,'' said Vinod Nair, Head of Research at Geojit Financial Services.
Here is the list of stocks which are the top gainers and losers during September 13th trading session:
Sensex:
Top gainers: Bharti Airtel (2.72%), Titan Company (2.42%), IndusInd Bank (1.82%), Axis Bank (1.56%), State Bank of India (1.39%)
Top losers: Mahindra & Mahindra (-1.34%), Larsen & Toubro (-1.18%), Nestle India (-0.76%), JSW Steel (-0.61%), and Tech Mahindra (-0.42%)
Nifty50:
Top gainers: Coal India (3.21%), Grasim (3.13%), Tata Consumer Products (2.92%), Bharti Airtel (2.76%), and Titan Company (2.36%)
Top losers: HDFC Life Insurance (-1.47%), Mahindra & Mahindra (-1.37%), Adani Ports (-1.33%), Larsen & Toubro (-1.09%), and Cipla (-1.04%)
BSE:
Top gainers: NIIT Ltd (20%), Coffee Day Enterprises (19.77%), ITI Ltd (19.68%), IOL Chemicals and Pharmaceuticals (18.93%), and Jaiprakash Power Ventures (12.28%)
Top losers: Max Healthcare Institute (-5.72%), RattanIndia Power Ltd (-4.99%), Indian Railway Finance Corp (IRFC) (-4.81%), Data Patterns (India) Ltd (-4.48%), and Schaeffler India Ltd (-4.20%)
NSE:
Top gainers: ITI Ltd (20%), Coffee Day Enterprises (20%), Silver Touch Technologies (20%), NIIT Learnings Systems (20%), and NIIT Ltd (19.99%)
Top losers: Vikas Lifecare (-9.48%), Shekhawati Poly-Yarn Ltd (-9.09%), Adroit Infotech (-6.34%), Max Healthcare Institute (-6.12%), and Kaynes Technology India (-5.42%)
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