Stock Market Today 11 October 2022: Axis Bank top gainer for second day in row; Divi’s Lab, JSW Steel, IndusInd top laggards - Check Top Gainers and Losers

Stock Market Today 11 October 2022: The domestic markets extended their declining trend for the third straight session on Tuesday as both benchmark indices – Sensex and Nifty50 – closed nearly 1.5 per cent lower today amid weak global cues and massive selling sentiment.

The 50-share Nifty gave up key 17000-level, to conclude today’s session at 16983.55, down 257.45 points or 1.49 per cent, while the 30-share BSE Sensex slipped by almost 850 points or 1.46 per cent to settle at 57,147.32.

Sectorally, pressure in the IT pack combined with a slide in index majors across sectors was weighing on the sentiment. While the broader indices too witnessed a decline and lost nearly 2 per cent each.

Ajit Mishra, VP - Research, at Religare Broking said, “As we’re not seeing any respite on the global front, any disappointment on earnings or the macroeconomic front may put further pressure.”

“On the index front, we are now eyeing 16,800 in Nifty and its decisive break would reverse the recovery trend.  Traders should align their positions accordingly,” Mishra added.

Stock Market Top Gainers and Losers:      

In the 30-share BSE Sensex, 2 stocks were gainers at the closing time and the remaining 28 were losers.      

Sensex Top Gainers:      

1) Axis Bank shares ended at Rs 785.70, up over 1 per cent from Monday’s closing price.      

2) Asian Paints shares ended at Rs 3300.35, up over 0.5 per cent from Monday’s closing price.     

Sensex Top Losers:      

1) IndusInd Bank shares ended at Rs 3281.00, down around 2 per cent from Monday’s closing price.     

2) Nestle India shares ended at Rs 2679.60, down around 2 per cent from Monday’s closing price.     

3) Tata Steel shares ended at Rs 327.95, down around 2 per cent from Monday’s closing price.

4) Infosys shares ended at Rs 2405.75, down over 1 per cent from Monday’s closing price.    

5) HCL Tech shares ended at Rs 2302.80, down over 1 per cent from Monday’s closing price. 

In the 50-share Nifty index, 03 stocks were gainers at the closing time and the remaining 47 were losers.  

Nifty50 Top Gainers:

1) Axis Bank shares ended at Rs 785, up over 1 per cent from Monday’s closing price.      

2) Adani Enterprises shares ended at Rs 3,274, up around 1 per cent from Monday’s closing price.     

3) Asian Paints shares ended at Rs 3,293.55, up around 0.5 per cent from Monday’s closing price.      

Nifty50 Top Losers:

1) Divi’s Lab shares ended at Rs 3,500.25, down over 5 per cent from Monday’s closing price.    

2) JSW Steel shares ended at Rs 640.40, down around 4 per cent from Monday’s closing price.    

3) IndusInd Bank shares ended at Rs 1,164.80, down around 4 per cent from Monday’s closing price.    

4) Eicher Motors shares ended at Rs 3,408.00, down 3.5 per cent from Monday’s closing price.    

5) Nestle India shares ended at Rs 18,525.00, down over 3 per cent from Monday’s closing price.