Top Gainers & Losers: Indian equity benchmarks Sensex and Nifty closed higher for the second straight session on Tuesday, helped by buying in power and utility stocks amid positive quarterly numbers announced by heavyweight companies.

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In a highly volatile trade, the 30-share BSE Sensex rose 74.61 points or 0.12 per cent to settle at 60,130.71 and NSE Nifty gained 25.85 points or 0.15 per cent to end at 17,769.25.

Adani Enterprises led the Nifty gainers' chart, followed by Bajaj Finance, Britannia, Bajaj Finserv and Bharti Airtel. 

On the flip side, HDFC Life Insurance, UPL, HDFC Bank, HDFC, and Tech Mahindra were among the main laggards.

"As Nifty is approaching its previous swing high of 17,863 it is witnessing some profit booking as the speed of up move has reduced. As we are in the final week of the April series expiry volatility can be high for the next couple of trading sessions. So, the crucial support zone to keep a watch is 17,620 to 17,600. Until the Nifty manages to hold and trade above this zone, we can expect the up move to continue. On the upside, the initial hurdle stands at 17,863 to 17,880," said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas

Here's a look at some of the blue-chip stocks that moved the most on Tuesday:

Bajaj Finance 

Bajaj Finance stock was among the top gainers on Nifty50, it rose over 2 per cent to Rs 6,075 per share on the NSE.

Investec has recommended selling shares of Bajaj Finance for a target price of Rs 4,800 apiece which is a downside of 21 per cent. 

The brokerage believes that the company has the following challenges ahead of it: 

a) Bajaj Finance’s size is a constraint 

b) Competition picking up in unsecured credit, 

c) Barriers to entry in unsecured shrinkingstock market updates here. For more news on sports, politics follow Zee Business