Profit booking in heavyweight sectors erased the past two gains for the equity benchmark index Nifty 50 as investors turned cautious before the release of macroeconomic data.
The index fell 0.43% today and ended at 20906.40 while it opened at 21018.55 during today’s session. Oil & gas, consumer durables, and realty stocks dragged the market most as selling pressure was high in these sectors.
Macroeconomic data such as CPI or retail inflation data, Index of Industrial Production (IIP) are expected which turned the market sentiment cautious.
However, there are 18 stocks, which made it to the nifty gainers today while the remaining 32 ended as nifty losers. Out of these, let’s dig deeper into the top five nifty gainers and losers today.
Top 5 Gainer Stocks Today
| Stocks | Previous Day’s closing price | LTP | Change (%) |
| HDFCLIFE | 672.5 | 707.1 | 5.14 |
| ULTRACEMCO | 9,670.90 | 9,874.70 | 2.11 |
| BAJAJ-AUTO | 6,138.40 | 6,244.00 | 1.72 |
| SBILIFE | 1,460.60 | 1,485.00 | 1.67 |
| AXISBANK | 1,116.50 | 1,131.00 | 1.3 |
- HDFC Life: This insurance company is the top Nifty gainer today, which rose 5.14% following the announcement of receiving favourable orders from Customers, Excise & Service Tax Appellate Tribunal, Bangalore. The stock previously closed at 672.50, while today, it went up to 707.10.
- Ultratech Cement: This construction material stock is on a march upward. It gained 2.11% today even though the realty sector witnessed significant selling pressure. The stock closed at 9874.70 up from its previous close at 9670.90.
- Bajaj Auto: Even though the auto sector was in red today, this auto stock made it to the top nifty gainers with its 1.72% rise. The stock closed at 6244 at the end of today’s session up from its previous close at 6138.40.
- SBI Life: In a market filled with selling pressure today, the financial services sector was more or less flat and this is why another insurance stock SBI Life has gained around 1.67% today in this sluggish market.
- Axis Bank: This private bank made it to the top nifty gainers with a rise of 1.30%, following the allotment of shares under ESOP. The stock closed at 1131 up from its previous close at 1116.50.
Top 5 Loser Stocks Today
| Stocks | Previous Day’s closing price | LTP | Change (%) |
| APOLLOHOSP | 5,547.35 | 5,430.90 | -2.1 |
| SUNPHARMA | 1,241.40 | 1,217.05 | -1.96 |
| MARUTI | 10,541.75 | 10,350.00 | -1.82 |
| COALINDIA | 353.65 | 347.8 | -1.65 |
| EICHERMOT | 4,025.65 | 3,959.85 | -1.63 |
- Apollo Hospital: This healthcare stock has lost the most today on the NSE, within the Nifty 50 index and made it to the top nifty losers. It lost 2.10% as the overall market was sluggish and both the healthcare and pharma sectors declined in today’s session.
- Sun Pharma: This pharma stock lost 1.96% and closed at 1217.05. While the price declined mostly depending on the sluggish market the company also announced its acquisition of Taro Pharmaceuticals Industries Ltd.
- Maruti Suzuki: This auto sector stock declined by 1.82% following selling pressure in the sector itself. The stock ended the day at 10350 down from its previous close at 10541.75.
- Coal India: Following the announcement of a rise in capital expenditure for the organisation by 7.6% on a YoY basis between April and November 2023, the stock price dipped 1.65%.
- Eicher Motor: Today this auto stock fell for the third consecutive session. It fell 1.63% today and closed at 3959.85, from its previous day’s close at 4025.65. The stock price fell below its 4000 level after a long time and made it to the list of nifty losers today.
Wrapping up
As macroeconomic data are crucial for every industry especially the heavyweight sectors, today, the market was driven by the anticipation of these upcoming data and investors turned cautious which dragged the market into the red.
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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.