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  1. Markets end 6-day losing streak, NIFTY50 closes above 25,000: Check top gainers and losers

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Markets end 6-day losing streak, NIFTY50 closes above 25,000: Check top gainers and losers

Upstox

2 min read | Updated on October 08, 2024, 16:57 IST

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SUMMARY

Trent Ltd was the biggest NIFTY50 gainer, rallying 7.95% following positive commentary by market experts. The stock hit a high of ₹8,073.4 before closing at ₹8,042 per share. Meanwhile, SBI Life was the top loser among NIFTY50 stocks as the stock tanked 3.24% to settle near the day's low at ₹1,730 apiece.

Top gainers and losers:  Trent, BEL, Adani Enterprises, Adani Ports lead movers as NIFTY settles above 25,000

Top gainers and losers: Trent, BEL, Adani Enterprises, Adani Ports lead movers as NIFTY settles above 25,000

Key stock indices SENSEX and NIFTY rebounded nearly 1% on Tuesday, October 8, ending a six-day losing streak. This was driven rally in index heavyweights like HDFC Bank, Reliance Industries and Mahindra & Mahindra.

NIFTY50 gained 217.4 points, or 0.88%, to settle at 25,013. As many as 36 NIFTY shares closed with gains.

The index opened higher and stayed in the positive territory throughout the session. The key index oscillated between an intraday high of 25,044 and a low of 24,756.8.

Benchmark SENSEX rebounded by 584 points, or 0.72%, to close at 81,634 with 19 of its constituents ending in green and 11 in the red.

Media, banking, pharma, auto, IT, and realty shares witnessed value buying while metal shares declined.

Trent, BEL, Adani Enterprises lead gainers

Tata Group company Trent Ltd emerged as the biggest NIFTY gainer, rallying 7.95% following positive commentary by market experts. The stock hit a high of ₹8,073.4 before closing at ₹8,042 per share.
Bharat Electronics was the second biggest gainer as the stock soared after the announcement of a ₹500-crore order win. The stock rallied 5.29% to end at the day's high of ₹281.5 apiece on the NSE.
Adani group shares were also in focus on Tuesday. Adani Enterprises spurted 4.94% to settle near day's high at ₹3,166 per share. Adani Ports rose by 4.86% to settle at ₹1,421 per piece.
Mahindra & Mahindra gained 3.56% to end at ₹3,169, after hitting a high of ₹3,176.

SBI Life, Tata Steel, Titan major losers

SBI Life was the lead loser among NIFTY shares as the insurance sector stock tanked 3.24% to settle near the day's low at ₹1,730 apiece.
Tata Steel shed 2.72% amid profit taking in metal shares after reports that China may hold back further stimulus measures.
Tata group firm Titan lost 2.35% amid noted investor Rekha Jhunjhunwala sold shares worth ₹400 crore of the company. Bajaj Finserv declined by 2.3% to settle near day's low at ₹1,836.
JSW Steel also retreated 1.66% to ₹1,001.80, while Hindalco lost 1.27%.
Among other NIFTY losers, Bajaj Finance, Wipro, HUL, Tata Motors and ITC dropped up to 0.75%.

In Asian markets, Tokyo, Hong Kong and Seoul settled lower, while Shanghai ended on a positive note. Meanwhile, Global oil benchmark Brent crude declined 1.84% to USD 79.44 a barrel.

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Upstox
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