Shares of Trent, Sun Pharma, ICICI Bank, Bharti Airtel, and BPCL were the top gainers among the Nifty 50 pack, while IndusInd, Infosys, Bajaj Finserv, M&M, and Wipro saw a decline.
Realty stocks saw an increase in momentum, while IT and banking stocks experienced a downturn. The broader market recovered from early losses to trade flat as of 12.56 pm, with Sensex at 74,018.07 and Nifty 50 at 22,458.35.
Out of 2,807 stocks traded on the National Stock Exchange, only 723 stocks advanced. IndusInd, 3i Infotech, Allcargo Gati, Dalmia Bharat, and Gensol Engineering were among the 160 stocks that hit a 52-week low.
Trent led the gainers by soaring 3.61% to ₹4,972.95 on the NSE, followed by Sun Pharma, which gained 2.76% to trade at ₹1,655.95. ICICI Bank rose 2.26% to ₹1,242.3, while Bharti Airtel and BPCL increased by 1.99% and 1.97% respectively.
On the losing side, IndusInd shares plummeted by 26% to ₹670 due to discrepancies in the derivative portfolio. Infosys declined by 2.91% to ₹1,652, Bajaj Finserv fell by 2.28% to ₹1,798.3, and auto major M&M and Wipro dropped by 1.76% and 1.74% respectively.
Among the Sensex pack, shares of Chennai Petroleum and Tata Communications rallied over 7%, while IndusInd crashed by 26%. Dodla Dairy tumbled by 8% and Nuvama fell by 6%.
Overall, the market showed a mix of gains and losses in different sectors. The stock market continues to be volatile, with certain stocks performing well while others see a decline in value. It is important for investors to closely monitor market trends and make informed decisions based on thorough research and analysis.
