Market Wrap Top Gainers And Losers On Nifty And Sensex Today
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Economic TimesVerified Publisher
The Indian stock market recorded a sharp surge on Friday, with Sensex and Nifty rising more than 1% each to extend gains for the second consecutive session. This came as in-line earnings from IT heavyweight TCS, positive global cues and other factors boosted i The Indian stock market recorded a sharp surge on Friday, with Sensex and Nifty rising more than 1% each to extend gains for the second consecutive session. This came as in-line earnings from IT...
The Indian stock market recorded a sharp surge on Friday, with Sensex and Nifty rising more than 1% each to extend gains for the second consecutive session. This came as in-line earnings from IT heavyweight TCS, positive global cues and other factors boosted investor sentiment.The Sensex jumped 828 points to close at 77,569, while the Nifty 50 advanced over 244 points to end the session at 24,206, extending gains for the second consecutive session. The rally added nearly Rs 6 lakh crore to the combined market capitalisation of all BSE-listed companies, taking it to nearly Rs 482 lakh crore.Here are today’s top gainers on NiftyCompany namePriceChange% ChangeJio Financial Services241.968.63.69%HDFC Life567.715.92.88%Adani Enterprises3,15773.72.40%SBI Life1,86341.22.27%Reliance Industries1,308282.19%Bharat Electronics414.858.662.13%Axis Bank1,32426.12.02%Here are today’s top gainers on SensexCompany namePriceChange% ChangeReliance Industries1,308282.19%Bharat Electronics414.858.662.13%Axis Bank1,32426.12.02%Tech Mahindra1,45528.52.00%Tata Steel1913.291.75%Bajaj Finance1,02116.71.67%Infosys1,06817.21.64%Here are today’s top losers on NiftyCompany namePriceChange% ChangeDr. Reddys1,244-25.21-1.99%Eternal290-2.81-0.96%Bharti Airtel1,920-10.7-0.56%Nestle India1,455-8-0.55%Sun Pharma1,936-3.21-0.17%Cipla1,439-1.9-0.14%Coal India Ltd429-0.6-0.14%Here are today’s top losers on SensexCompany namePriceChange% ChangeEternal290-2.81-0.96%Bharti Airtel1,920-10.7-0.56%Sun Pharma1,936-3.21-0.17%ITC282-0.31-0.11%Trent2,903-1.3-0.05%What lies ahead?After a brief interim correction, the market appears to be on track for a strong recovery, said Vinod Nair, Head of Research at Geojit Investments. He noted that positive business updates from banks, along with a constructive outlook for the IT sector driven by in-line estimates, a potential rebound in global spending, and AI-related opportunities, have set the stage for an optimistic start to the Q1 earnings season. “A continuation of better-than-expected Q1 results should help alleviate concerns about future earnings growth. This can further the current uptrend which is supported by a broad-based rally, with strong participation from sectors such as real estate and metals,” he further said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)