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Home Business

Grasim Industries Lead Nifty 50 Gainers As Market Ends Volatile Session In Green

February 9, 2024
in Business
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Grasim Industries Lead Nifty 50 Gainers As Market Ends Volatile Session In Green
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Grasim Industries Lead Nifty 50 Gainers As Market Ends Volatile Session In Green

Benzinga – Today’s trading session witnessed a mixed bag of performances on the NIFTY 50 index. Among the top gainers, Grasim Industries (NS:) Limited stole the limelight with a significant 5.40% surge, while Mahindra & Mahindra Limited led the pack of losers with a 2.34% drop.

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Starting with the top performers, Grasim Industries Limited closed at ₹2168.50, up from its last close of ₹2057.30. The stock has been on a steady upward trajectory, making it the top gainer of the day.

Stock
Current Price
Last Close
% Change
Grasim Industries Limited ₹2168.5 ₹2057.3 5.41%
State Bank of India (NS:) ₹725.25 ₹699.55 3.67%
Apollo Hospitals (NS:) Enterprise Limited ₹6437.35 ₹6231.0 3.31%
Sun Pharmaceutical Industries Limited ₹1534.8 ₹1491.1 2.93%
ICICI Bank (NS:) Limited ₹1010.7 ₹989.3 2.16%

Following closely, the State Bank of India (NS:) saw a robust growth of 3.67%, closing at ₹725.25. The stock has been gaining traction, reflecting the overall positive sentiment in the banking sector.

Healthcare giant Apollo Hospitals Enterprise Limited also had a good run, with a 3.31% rise, ending the day at ₹6437.35. The stock has been performing well, mirroring the growth in the healthcare sector.

Pharmaceutical major Sun Pharmaceutical Industries Limited wasn’t far behind, registering a 2.93% increase, closing at ₹1534.80. Lastly, ICICI Bank Limited rounded off the top five gainers with a 2.16% gain, closing at ₹1010.70.

On the flip side, the auto sector faced a setback with Mahindra & Mahindra Limited witnessing a 2.34% fall, closing at ₹1646.40.

Stock
Current Price
Last Close
% Change
Mahindra & Mahindra Limited ₹1646.4 ₹1685.9 -2.34%
Oil and Natural Gas (NS:) Corporation ₹267.55 ₹273.15 -2.05%
Bharti Airtel (NS:) Limited ₹1120.25 ₹1142.15 -1.92%
NTPC Limited (NS:) ₹324.9 ₹330.9 -1.81%
Hindalco Industries (NS:) Limited ₹591.3 ₹601.3 -1.66%

Energy sector player Oil and Natural Gas Corporation also faced a slump, with a 2.05% drop, ending the day at ₹267.55. Telecom giant Bharti Airtel Limited saw a 1.91% decrease, closing at ₹1120.25.

Power sector heavyweight NTPC Limited recorded a 1.81% fall, closing at ₹324.90. Lastly, Hindalco Industries closed at ₹591.30, marking a 1.66% drop, rounding off the list of bottom five performers.

In a day marked by volatile trading, India’s benchmark indices exhibited resilience by rebounding from the day’s lows to conclude the week on a positive note. Despite broader market indices registering a downturn of approximately 1%, specific sector indices, particularly Metal and Oil & Gas, experienced declines exceeding 1%.

At the closing bell, the displayed a gain of 167.06 points, equivalent to a 0.23% increase, settling at 71,595.49. Simultaneously, the demonstrated an upward movement of 64.55 points, translating to a 0.3% rise, concluding the day at 21,782.50.

Read Next: Ashish Kacholia Picks Up Stake In Micro Cap Stock, Shares Hit Upper Circuit

Read the original article on Benzinga

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