Shares of Titan, Eicher Motors, Bharti Airtel, Bajaj Auto, and Hero Motocorp were among the top gainers of Nifty 50 constituents. Meanwhile, Bajaj Finance, UltraTech, IndusInd, L&T, and Apollo Hospitals slipped to trade among the major laggards.
Leading the gainers were IT, auto, and oil & gas stocks, with the broader indices continuing to surge. Sensex soared 605.27 points or 0.80%, reaching 76,054.32 at 12:50 pm, while Nifty 50 gained 195.60 points or 0.85% to reach 23,103.20. The IT index regained momentum on Thursday as the Federal Reserve maintained its rate-cut forecast for the year, aligning with market expectations.
At the time of writing, Titan shares led the gainers with a 3.55% increase to ₹3,185.45 on the NSE. Eicher Motors followed with a gain of 3.04% to ₹5,255.75. Bharti Airtel shares rose 2.96% to ₹1,685.6, while auto majors Bajaj Auto gained 2.69% to ₹7,929.8 and Hero Motocorp rose 2.60% to ₹3,629.
On the flip side, Bajaj Finance witnessed a fall of 1.02% to ₹8,642.9, while UltraTech Cement followed with a 0.70% decline to ₹10,857.25. IndusInd shares slipped 0.64% to ₹688.25, and L&T and Apollo Hospitals slipped 0.29% and 0.20%, respectively.
Of all the 2,812 stocks traded on the National Stock Exchange, 1,873 advanced and 875 declined. Shares of IndiGo, JSW Holdings, and Avanti Feeds were among the 33 stocks that hit a 52-week high today. Meanwhile, cables and wires stocks plunged on Thursday’s early trade following Adani Group’s foray into the segment, with KEI hitting a 52-week low. Major laggards among the Sensex pack included Polycab, Havells, Finolex Cables, and KEI Industries.
On the other hand, KEC International, KFin Tech, and Shipping Corporation of India scaled to trade nearly 9% higher.
(Source: The Hindu Business Line)
