The Indian stock market saw significant gains in select sectors on August 30, 2024, with pharmaceutical and financial stocks dominating the list of top performers in the Nifty index. Here’s a breakdown of the day’s top 10 gainers:
- Cipla led the pack with a 2.25% increase, closing at ₹1,654.90. The stock touched a high of ₹1,663.70, showing strong momentum throughout the day.
- Bajaj Finance followed closely, gaining 1.93% to close at ₹7,200.15. Despite being off its 52-week high of ₹8,192.00, the stock showed resilience.
- Mahindra & Mahindra (M&M) rose 1.73%, ending at ₹2,805.40. The automotive giant continues to trade near its all-time highs.
- Divi’s Laboratories saw a 1.62% uptick, closing at ₹5,093.90. Notably, the stock hit a new 52-week high of ₹5,132.50 during the session.
- Bajaj Finserv rounded out the top five with a 1.56% gain, closing at ₹1,783.05. Like Divi’s Lab, it too touched a new 52-week high of ₹1,793.50.
Other notable gainers included NTPC (+1.54%), Hero MotoCorp (+1.51%), Bharti Airtel (+1.48%), Dr. Reddy’s (+1.45%), and Sun Pharma (+1.25%).
It’s worth noting that several of these stocks, including Bharti Airtel, Sun Pharma, and Bajaj Finserv, hit new 52-week highs during the trading session, indicating strong bullish sentiment in these sectors.
Here’s a summary table of the top 10 Nifty gainers:
| Stock | LTP (₹) | Change (%) | Open (₹) | High (₹) | Low (₹) | Close (₹) | 52W High (₹) | 52W Low (₹) |
|---|---|---|---|---|---|---|---|---|
| CIPLA | 1,654.90 | +2.25 | 1,615.00 | 1,663.70 | 1,615.00 | 1,618.55 | 1,663.70 | 1,132.00 |
| BAJFINANCE | 7,200.15 | +1.93 | 7,071.05 | 7,215.05 | 7,071.05 | 7,063.55 | 8,192.00 | 6,187.80 |
| M&M | 2,805.40 | +1.73 | 2,780.00 | 2,821.55 | 2,765.00 | 2,757.60 | 3,013.50 | 1,450.00 |
| DIVISLAB | 5,093.90 | +1.62 | 5,019.50 | 5,132.50 | 5,019.50 | 5,012.55 | 5,132.50 | 3,295.30 |
| BAJAJFINSV | 1,783.05 | +1.56 | 1,769.95 | 1,793.50 | 1,750.05 | 1,755.65 | 1,793.50 | 1,419.05 |
| NTPC | 416.20 | +1.54 | 412.70 | 419.20 | 411.50 | 409.90 | 426.30 | 216.15 |
| HEROMOTOCO | 5,455.40 | +1.51 | 5,400.00 | 5,518.00 | 5,385.85 | 5,374.50 | 5,894.55 | 2,890.05 |
| BHARTIARTL | 1,589.05 | +1.48 | 1,576.00 | 1,608.40 | 1,561.60 | 1,565.90 | 1,608.40 | 847.05 |
| DRREDDY | 7,031.35 | +1.45 | 6,938.00 | 7,045.00 | 6,938.00 | 6,931.15 | 7,107.45 | 5,205.55 |
| SUNPHARMA | 1,821.65 | +1.25 | 1,798.15 | 1,828.15 | 1,791.30 | 1,799.20 | 1,828.15 | 1,068.35 |
The performance of these stocks suggests a positive outlook for the pharmaceutical and financial sectors, with investors showing confidence in their growth prospects. As always, investors are advised to conduct their own research and consider their risk tolerance before making investment decisions.
