How are NIFTY 50 stocks trading today? Know More

As of 11:17 AM, the Nifty 50 index showed positive movement, climbing 0.71% to reach 24,320.35 points, marking an increase of 172.15 points. Here’s a closer look at the performance of the top 50 companies in the Nifty 50 and how individual stocks contributed to this overall gain:

Gainers and Losers

• Top Gainers:
  • Power Grid Corp led the gains with a 4.32% increase, trading at ₹329.90.
  • Tata Motors followed with a 2.76% rise, reaching ₹827.65.
  • BPCL and Bharat Electronics also performed well, gaining 0.40% and 1.60%, respectively.
• Top Losers:
  • Asian Paints took the biggest hit, dropping 8.12% to ₹2,544.45.
  • Infosys and Hero MotoCorp also saw declines, down 0.42% and 0.17%, respectively.
  • ONGC and Nestle dropped by 0.67% and 0.19%, respectively, while HUL saw a minor dip of 0.17% to ₹2,503.40.

Key Observations

1. Banking Sector:
   • Axis Bank rose by 0.91% to ₹1,171.50, while HDFC Bank showed a notable 1.51% increase, reaching ₹1,781.00. ICICI Bank also climbed by 1.22% to ₹1,274.25.
2. Automobile Sector:
   • Bajaj Auto saw a growth of 1.03%, trading at ₹10,012.10, while Hero MotoCorp experienced a slight decline, down 0.17% to ₹4,760.95.
3. Energy Sector:
   • Coal India moved up slightly by 0.14% to ₹424.65, and Power Grid Corp demonstrated strong performance with a 4.32% increase.
   • ONGC struggled with a 0.67% decline, trading at ₹260.80.
4. Technology Sector:
   • TCS gained 1.71% to trade at ₹4,218.00, while Tech Mahindra advanced by 1.53% to ₹1,707.00.
   • Infosys dipped slightly, trading 0.42% lower at ₹1,859.75.
5. Consumer Goods:
   • Britannia and HUL saw declines, with Britannia down by 0.51% to ₹5,717.70 and HUL by 0.17% to ₹2,503.40.
   • ITC rose slightly by 0.62%, trading at ₹481.00.

Summary

The positive movement in the Nifty 50 is supported by gains in key sectors such as banking, energy, and technology. However, the decline in stocks like Asian Paints and Hero MotoCorp has limited the overall index gain. The market sentiment remains optimistic with major banking and auto stocks showing strength, indicating positive expectations in these sectors.