Top Gainers & Losers: Hindalco and Maruti Suzuki among major winners, Asian Paints drops over 1%
Top Gainers and Losers: The Indian markets on Thursday closed on a lower note and snapped a two-day gaining streak, tracking poor global cues after the US Federal Reserve another rate hike by 25 basis points in 2023.
Top Gainers and Losers: Equity benchmark indices Sensex and Nifty declined in a volatile session on Thursday due to a sell-off in banking, financial and IT stocks amid a weak trend in European equities.
“Continued pressure on the IT majors and profit-taking in banking and financial counters turned the tone negative. In line with the trend, the broader indices too shed nearly half a percent each,” said Ajit Mishra, VP - Technical Research, Religare Broking Ltd.
Snapping the two days winning streak, the BSE Sensex fell 289.31 points or 0.5 per cent to settle at 57,925.28 and NSE Nifty dipped 75 points or 0.44 per cent to end at 17,076.90.
Hindalco was the biggest gainer in the Nifty50 pack, followed by Maruti Suzuki, Nestle India, ONGC, and Tata Motors.
In contrast, State Bank of India (SBI), Bajaj Auto, Kotak Mahindra Bank, HCL Tech, and Asian Paints were among the top laggards.
Here are some blue-chip stocks that saw maximum buzz today:
Hindalco
Hindalco’s stock ended marginally higher by Rs 5.85 or 1.49 per cent and settled at Rs 398.60 apiece making it the top gainer on NSE Nifty50.
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