Top gainers, losers today: RIL, Sun Pharma, Zee, HCL Tech, ONGC; check full list here
2 min read 26 May 2023, 04:14 PM ISTSensex and Nifty 50 witnessed stellar buying, defying weak global trends on Friday on the back of Q4 earnings, upcoming GDP data, and consistent foreign funds flow. Heavyweight RIL, along with HUL, HCL Tech, and Sun Pharma contributed heavily to the upside.
PremiumSensex and Nifty 50 defied the weak trend of global cues to end in the green on Friday. Upcoming Q4 numbers along with GDP data, consistent foreign funds flow is a key focal factor for driving sentiment. The 30-scrip benchmark zoomed to close over the 62,500 mark and the Nifty 50 was comfortable near the 18,500 level. India's volatility index dipped by nearly 5%.
Sensex closed at 62,501.69 up by 629.07 points or 1.02%. While Nifty 50 ended at 18,499.35 up by 178.20 points or 0.97%. A broad-based buying was seen across indices. Bank Nifty climbed by 336.60 points or 0.77% to end at 44,018.
In the broader market, on BSE, the Sensex Next 50 outperformed with an upside of 574.40 points. Midcap and Smallcap indexes jumped by 219 points and 148 points respectively.
Meanwhile, in terms of sectoral indices, BANKEX jumped 365 points, Consumer Durables soared 338.5 points and IT stocks zoomed by 388 points. FMCG, financials, auto, capital goods, and metal stocks also contributed significantly to the broader upside.
Read here: DIIs outrun foreign investors with an inflow of ₹3,482 crore in Indian stocks this week; FIIs invest ₹3,230.5 crore
On May 26th, a total of 1,966 stocks advanced, while 1,527 stocks declined and 139 stocks were unchanged. Meanwhile, 164 stocks touched their new 52-week highs, and 37 stocks hit their fresh 1-year low.
Here is the list of top gainers and losers on Friday's trading session.
Sensex:
Top gainers: Reliance Industries (+2.79%), Sun Pharma (+2.75%), HCL Tech (+2.02%), Hindustan Unilever (+2%), and Wipro (+1.85%).
Top losers: Bharti Airtel (-0.63%), Power Grid (-0.36%), and NTPC ended flat but in red.
On Sensex, 3 stocks declined, while the rest of the 27 stocks advanced.
Nifty 50:
Top gainers: Reliance Industries (+2.82%), Sun Pharma (+2.32%), Hindalco (+2.18%), Hindustan Unilever (+2.11%), and HCL Tech (+1.97%).
Top losers: ONGC (-1.20%), Grasim (-0.96%), Bajaj Auto (-0.62%), Bharti Airtel (-0.60%), and Power Grid (-0.40%).
On this benchmark, 43 stocks advanced while only 7 stocks declined during the day.
Read here: Forex reserves decline by $6.05 billion after three-consecutive weekly rises, now at $593.48 billion
BSE:
Top gainers: Eclerx (+9.23%), JM Financial (+7.80%), Naukri (+7.66%), Zee Entertainment (+6.69%), and Borosil Renewables (+6.43%).
Top losers: Page Ind (-8.89%), Star Health (-8.50%), Manali Petrochemicals (-6.23%), Engineers India (-5.30%), and Mishra Dhatu Nigam (-4.94%).
NSE:
Top gainers: Mazda Limited and Nucleus Software froze at their 20% upper circuit each. Followed by Medplus Health (+16.25%), DPSC (+14.85%), and Voltamp Transformers (+14.68%).
Top losers: Godha Cab (-28.57%), Ashapura Minechem (-17.53%), Excel Realty (-12.50%), Sarthak Metals (-10.61%), and Elgi Rubber (-9.93%).
On the latest market performance, Vinod Nair, Head of Research at Geojit Financial Services said, "Despite weak cues from global markets, the domestic market defied the trend and experienced a widespread rally, driven by the strong growth forecast for the Indian economy. With the upcoming Q4 GDP data, it is anticipated that India's FY23 GDP will marginally surpass the earlier projected 7.0% growth rate. Additionally, the expectation of a normal monsoon and consistent FII buying further boosted confidence among domestic investors."
