Shares of Asian Paints, Tata Motors, Hindalco, Shriram Finance, and ICICI Bank emerged as the top gainers among the Nifty 50 constituents. On the other hand, Bajaj Finserv, Bharti Airtel, Tech Mahindra, IndusInd, and Reliance Industries were among the laggards.
The market was primarily driven by sectors such as media, consumer durables, banking, metal, and auto.
Boosted by positive global cues, the broader market witnessed a significant surge. At 12:25 pm, Sensex was trading at 75,002.58, up by 832.63 points or 1.12%, while Nifty 50 had gained 248.20 points or 1.1% to reach 22,756.95.
In terms of the top gainers, Asian Paints led the pack with a 2.69% increase in its stock price, trading at ₹2,279.3. Tata Motors followed closely with a 2.56% rise to ₹678, propelled by the establishment of a wholly-owned subsidiary and the announcement of a price hike for commercial vehicles from April 2025.
Hindalco saw its shares climb by 2.50% to ₹697.8, Shriram Finance gained 2.36% to reach ₹637.95, and ICICI Bank saw a 2.31% increase, trading at ₹1,298.35.
On the flip side, Bajaj Finserv recorded a decline of 1.69% to ₹1,839.9 as it made headlines for acquiring Allianz SE’s stake in its joint ventures. Bharti Airtel, Tech Mahindra, IndusInd Bank, and Reliance Industries also experienced slight dips in their stock prices.
Out of the 2,879 stocks traded on the National Stock Exchange, 2,245 advanced while 573 declined. Some of the stocks hitting 52-week lows included Gensol Engineering, Hyundai, AU Small Finance Bank, and Ola Electric, with Ola Electric rallying by 13.32% amidst insolvency concerns.
Among the Sensex stocks, Jyoti Structures, Mastek, and Morepen Laboratories saw significant gains, while Gensol and Hitachi Energy witnessed declines.
The market was abuzz with the latest developments, indicating both positive and negative movements across various sectors and companies.
