BackTop gainers, losers today: Tata Steel, Maruti, Hindalco, Infosys, Adani Enterprises; check full list here
Indian market ends volatile week on positive note, with Sensex and Nifty 50 rebounding and auto stocks in focus. Also, metal stocks witnessed massive buying. BSE Midcap hits all-time high, while smallcap stocks extended their gaining spree.
PremiumIndian market ended the current trading week on a volatile note. However, on Friday, Sensex and Nifty 50 managed to rebound to a certain degree on the back of a positive domestic outlook accompanied by global cues. Auto stocks were in focus as monthly sales figures came in strong. BSE Midcap touched an all-time high, while smallcap stocks extended their winning streak.
Sensex closed at 62,547.11, up by 118.57 points or 0.19%. Nifty 50 jumped by 46.35 points or 0.25% to end at 18,534.10. Banking stocks saw gaining momentum after facing selling pressure in the previous two trading sessions. Bank Nifty 50 closed at 43,937.85 up by 148 points. BSE Bankex surged by 185 points.
Metal stocks were top gainers with the index on BSE climbing by 332.5 points primarily due to their monthly production data. Auto and Capital Goods stocks followed with an upside of 322 points and 312 points. Consumer durables, FMCG, and healthcare also recorded substantial gains. Oil and gas and IT stocks were top laggards.
Read here: Stock Market Today: Sensex, Nifty end higher amid positive global cues; BSE Midcap hits all-time high
Talking about the market performance, Vinod Nair, Head of Research at Geojit Financial Services said, "This week the Indian market was volatile, however, it was able to regain the momentum led by positive domestic outlook accompanied by global cues. Auto stocks garnered attention as sales numbers for May came in strong, with a sequential recovery boosting sentiment across the sector."
He added, "The hope that the Fed will refrain from a rate hike has provided comfort to the global equity market."
More stocks advanced on June 2nd trading session than declined. About 2,181 stocks advanced, while 1,364 stocks declined and 130 stocks remained unchanged.
A total of 203 stocks touched their fresh 52-week high, while 37 stocks touched their new 52-week low.
Here is the list of stocks that were top gainers and losers on Friday:
Sensex:
Top gainers: Tata Steel (+1.93%), Maruti Suzuki (+1.73%), M&M (+1.71%), Sun Pharma (+1.20%), and L&T (+1.19%).
Top losers: Infosys (-1.58%), Wipro (-0.60%), TCS (-0.46%), HCL Tech (-0.38%), Reliance Industries (-0.29%).
Read here: 5 stocks near 52-week highs that still look undervalued
Nifty 50:
Top gainers: Hindalco (+3.43%), Hero MotoCorp (+3.09%), Apollo Hospital (+3.03%), Tata Steel (+1.98%), and Maruti Suzuki (+1.84%).
Top losers: Adani Enterprises (-2.09%), BPCL (-1.30%), HDFC Life (-1.05%), TCS (-0.53%), and Wipro (-0.44%).
BSE:
Top gainers: Graphite India (+12.26%), Best Agrolife (+11.27%), Lloyds Steels Industries (+10.05%), HEG (+9.69%), and Globus Spirits (+9.18%).
Top losers: VRL Logistics (-6.52%), Dilip Buildcon (-4.92%), Optiemus Infracom (-3.42%), NIIT (-3.18%), and Valiant Organics (-2.88%).
NSE:
Top gainers: Godha Cab Insulat (+100%), Hardwyn India (+20% upper circuit), Ganga Forging (+19.48%), KDDL (+16.77%), and Hi-Tech Gears (+16.61%).
Top losers: VRL Logistics (-6.35%), Setubandhan Infrastructure (-6.25%), Bhartiya International (-6.10%), S.E. Power (-5.26%), and Ind-Swift (-5.05%).
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