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  1. NIFTY50 ends near 25,000, SENSEX up 144 points: Check top gainers and losers

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NIFTY50 ends near 25,000, SENSEX up 144 points: Check top gainers and losers

Upstox

3 min read | Updated on October 10, 2024, 17:03 IST

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SUMMARY

Kotak Mahindra Bank emerged as the top gainer among NIFTY constituents. The stock settled at ₹1,870 apiece, up by 3.84%, on the NSE. Bharat Electronics Limited (BEL), JSW Steel and HDFC Bank were the other top NIFTY movers. On the other hand, Cipla and Tech Mahindra were the top drags.

Top gainers and losers: Kotak Mahindra Bank, JSW Steel, BEL lead NIFTY movers; CIPLA major drag

Top gainers and losers: Kotak Mahindra Bank, JSW Steel, BEL lead NIFTY movers; CIPLA major drag

Benchmark indices SENSEX and NIFTY closed flat on Thursday, October 10. NIFTY50 continued to settle near the 25,000 level for the second day, while the BSE SENSEX recovered the losses in the previous session to end in the green.

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NIFTY50 closed at 24,998, up by 16.5 points, or 0.07%. BSE SENSEX closed at 81,611, with a gain of 144 points, or 0.18%.

Earlier today, the NIFTY50 and the SENSEX rose to intraday highs of 25,134 points and 82,002 points, respectively.

Among sectoral indices, NIFTY Private Bank and NIFTY Bank closed higher by 1.59% and 1.03%, respectively. On the other hand, NIFTY Pharma and NIFTY Healthcare closed lower by 2.01% and 1.95%, respectively.

Out of the 50 NIFTY constituents, 27 closed in the red, dragged by Cipla, Tech Mahindra, and Trent shares.

Kotak Mahindra Bank and JSW Steel emerge top gainers

Kotak Mahindra Bank shares gained the most among NIFTY constituents. The private sector lender’s shares settled at ₹1,870 apiece, up 3.84%, on the NSE. The stock gained over 4% to hit an intraday high at ₹1,884 apiece earlier in the session. The stock was also the top gainer on the NIFTY Bank index.
Jindal Group company, JSW Steel climbed nearly 2% to hit an intraday high of ₹1,012.95 apiece. The stock closed 1.85% higher at ₹1,012.85 apiece on the NSE.
Shares of HDFC Bank gained nearly 2% to hit an intraday high of ₹1,665.45 apiece on the NSE. However, the stock pared some of its early gains and settled higher by 1.71% at ₹1,661 apiece.
Defence sector company Bharat Electronics Limited (BEL) gained over 2% to trade at an intraday high of ₹289.6 apiece. The stock closed 1.59% higher at ₹286.9 apiece on the NSE.
Shares of IndusInd Bank traded northward by over 1% to hit an intraday high of ₹1,362 apiece before closing at ₹1,361.8 up by 1.51%.

Among other NIFTY constituents, Power Grid Corporation of India, Maruti Suzuki India and NTPC shares closed higher by up to 1.39% on October 10.

Cipla and Tech Mahindra emerge as top losers

Pharmaceutical company Cipla’s stock declined the most among NIFTY constituents. The stock dipped nearly 4% to hit an intraday low of ₹1614.1 apiece. The company’s stock closed at ₹1,623.90 apiece, down by 3.37%. The stock was also the second biggest loser among NIFTY Pharma stocks.
Shares of Tech Mahindra fell more than 2% to hit an intraday low of ₹1611.35 per share. The stock settled lower, down by 2.82% at ₹1,612 apiece.

Shares of Tata Group company Trent closed lower by 2.26% at ₹8,035 apiece, while Sun Pharma closed at ₹1,894.9 apiece down by 1.86%. Infosys also settled in the red at ₹1,917.55 apiece, down by 1.8%.

Hero MotoCorp, Britannia Industries and Shriram Finance shares also emerged as losers among NIFTY constituents, declining up to 1.66%.

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