Top Gainers, Losers: IndusInd Bank gains on better revenue projection; Divis Labs cracks on Q3 miss - Check brokerage recommendation, target price
Top Gainers and Losers: Meanwhile, a mixed trend on the sectoral front and selective buying on the broader front kept the participants busy.
Top Gainers and Losers: Indian benchmark indices started the week on a subdued note and lost nearly half a percent, tracking feeble global cues. The Nifty 50 index hovered in a narrow range to close at 17764.60 levels. BSE Sensex closed at 60,506.90, down 334.98 points or 0.55 per cent on Monday.
Meanwhile, a mixed trend on the sectoral front and selective buying on the broader front kept the participants busy.
On NSE Nifty 50, Adani Ports, IndusInd Bank, BPCL, Apollo Hospital Enterprise and Hero Motocorp were the top gainers. While Divi’s Laboratories, JSW Steel, Hindalco Industries, Tata Steel and Infosys were among the top laggards.
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According to Ajit Mishra, VP- Technical Research, Religare Broking, the recent price action on the benchmark front indicates uncertainty among the participants, which might continue in the near term as well.
He said that traders should maintain their focus more on identifying opportunities in the sectors that are showing resilience.
However, it’s easier said than done as we’re seeing restricted participation. Also, managing overnight risk is equally important citing the prevailing volatile scenario, Mishra noted.
Here are some blue-chip stocks that saw maximum buzz today:
IndusInd Bank
IndusInd Bank stock rallied by Rs 27.45 or 2.49 per cent at Rs 1,131 apiece on NSE.
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