Top gainers, losers today: Tata Steel, IndusInd, SBI, Axis Bank, IEX; check full list here
2 min read 09 Jun 2023, 04:27 PM ISTSensex and Nifty 50 end lower as focus shifts to upcoming economic data, including CPI inflation and IIP. IT, FMCG, consumer durables, and metal stocks were top laggards.
PremiumSensex and Nifty 50 extended their selling bias on Friday as the focus now shifts to economic data such as CPI inflation, WPI, and IIP which will be released next week. Expectations of further moderation in CPI have taken rounds especially after RBI refrained from giving a steeper cut in the inflation target. The market ended the week on a negative note with a marginal downside.
On Friday, IT, FMCG, consumer durables, and metal stocks were top laggards, while capital goods are top gainers.
Sensex ended at 62,625.63, down by 223.01 points or 0.35%. Nifty 50 ended at 18,563.40 lower by 71.15 points or 0.38%.
Talking about markets performance, Vinod Nair, Head of Research at Geojit Financial Services said, “The domestic market witnessed extended selling pressure as investors eagerly awaited the domestic inflation data due on Monday as the RBI refrained from an aggressive cut in their inflation forecast."
About 1,679 stocks advanced, while 1,862 stocks declined and the 107 stocks were unchanged. A total 170 stocks touched a new 52-week high, while 31 stocks hit a new 52-week low.
As of June 9, 2023, BSE-listed firms market cap was around ₹286.73 lakh crore.
Here are the top gainers and losers during Friday's session:
Sensex:
Top gainers: IndusInd Bank (+2.12%), Axis Bank (+1.25%), L&T (+1%), Power Grid (+0.93%), and Ultratech Cement (+0.71%).
Top losers: Tata Steel (-1.98%), SBI (-1.68%), Hindustan Unilever (-1.65%), HCL Tech (-1.48%), and Infosys (-1.33%).
Nifty:
Top gainers: IndusInd Bank (+2.03%), Axis Bank (+1.30%), Power Grid (+1.06%), Adani Enterprises (+1.02%), and L&T (+0.98%).
Top losers: Hero MotoCorp (-2.19%), HDFC Life (-2%), Divi's Lab (-2%), Eicher Motors (-1.93%), and Tata Steel (-1.80%).
BSE:
Top gainers: Sindhu Trade Links (+17.01%), Bajaj Hindusthan Sugar (+8.58%), Genus Power Infrastructure (+7.68%), India Cements (+7.09%), and HBL Power (+6.93%).
Top losers: IEX (-10.18%), Bank of Maharashtra (-6.56%), BEPL (-4.87%), Astec Lifesciences (-4.17%), and Birla Corp (-3.65%).
NSE:
Top gainers: Greenlam Industries, Heubach Colorants India, Ortin Laboratories, Shradha Infraprojects, and Urja Global ended at 20% upper circuit each.
Top losers: Praxis Home Retail-RE (-18.18%), while Usha Martin Education and Power & Instrumentation settled at 10% lower circuit each. IEX and Art Nirman followed with a drop of 10% and 9%.
Nair added, "The market is hopeful that the CPI inflation for May will further moderate from its current level of 4.7%. In addition to the domestic factors, global cues also failed to provide support, as the US reported high unemployment claims ahead of the release of the inflation figures and the Fed meeting."
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