Market Wrap: Key Gainers and Losers on NSE Nifty50 and BSE Sensex Today
Dalal Street closed on a positive note on Thursday, with the benchmark equity indices Sensex and Nifty rising nearly 1%. The BSE Sensex gained 579.48 points, or 0.75%, finishing at 77,502.12, while the NSE Nifty increased by 169.85 points, or 0.71%, to close at 24,175.70. The rally was driven by a surge in IT stocks and a decline in crude oil prices amid easing geopolitical tensions.
Top Gainers of BSE Sensex
Infosys led the gains on the BSE Sensex, rising 5.65% to close at Rs 1,041. Tech Mahindra followed with a 4.34% increase, reaching Rs 1,421. Other notable gainers included TCS, which rose 4.32% to Rs 2,068, and HCL Tech, up 4.25% to Rs 1,078. Bajaj Finserv and Adani Ports SEZ also saw significant gains, closing at Rs 1,856 and Rs 1,883, respectively.
Top Losers of BSE Sensex
On the downside, L&T fell 0.82% to Rs 4,059, while Axis Bank decreased by 0.45% to Rs 1,363. Reliance Industries saw a decline of 0.35%, closing at Rs 1,304. Other losers included Maruti Suzuki, down 0.33% to Rs 14,348, and Kotak Bank, which fell 0.29% to Rs 399.30.
Top Gainers of NSE Nifty50
The Nifty50 mirrored the Sensex’s performance, with Infosys again leading the pack with a 5.65% rise to Rs 1,041. Tech Mahindra and TCS also featured prominently, with increases of 4.34% and 4.32%, respectively. HCL Tech and Bajaj Finserv rounded out the top gainers, closing at Rs 1,078 and Rs 1,856.
Top Losers of NSE Nifty50
Max Healthcare was the biggest loser on the Nifty, dropping 1.10% to Rs 1,127. L&T and Tata Motors PV followed, with declines of 0.82% and 0.54%, respectively. Axis Bank and SBI Life also faced losses, closing at Rs 1,363 and Rs 1,784.
Meanwhile, Brent crude, the global oil benchmark, fell 1.45% to $70.53 per barrel. The domestic market received support from easing oil prices and new strategic agreements between India and Japan. These initiatives include an economic partnership framework and a defense pact for co-developing military hardware.
Investor sentiment improved following these announcements. Ponmudi R, CEO of Enrich Money, noted that Indian equities continued their upward trend despite global market pressures. Ajit Mishra, SVP-Research at Religare Broking, commented on the recovery in IT stocks, which helped drive the market higher, although profit booking in banking shares limited overall gains.
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