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  5. NIFTY50 below 24,200, SENSEX tanks over 660 points: IndusInd Bank leads drag, check top gainers and losers

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NIFTY50 below 24,200, SENSEX tanks over 660 points: IndusInd Bank leads drag, check top gainers and losers

Upstox
By Upstox News Desk

3 min read | Updated on October 25, 2024, 16:45 IST

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SUMMARY

ITC shares gained the most among benchmark NIFTY constituents. The stock closed at ₹482.25 apiece, up by 2.24%, on the NSE. Axis Bank and BEL emerged as the other gainers among NIFTY constituents. On the other hand, IndusInd Bank and Adani Enterprises were the top losers.

Stock list

ITC
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AXISBANK
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INDUSINDBK
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NICKEL
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Benchmark indices SENSEX and NIFTY closed flat on Friday, October 25, extending the losses for the fifth straight session.

The NIFTY50 closed at 24,180.8 points down by 218.6 points, or 0.9%. The key index hit an intraday low of 24,073.9 and a high of 24,440.25 earlier in the session.

The BSE SENSEX closed at 79,402.29, down by 662.87 points, or 0.83%. The 30-share index fell to an intraday low of 79,137.98 points and touched a high of 80,253.19.

The continued selling by Foreign Institutional Investors (FIIs), weak Q2 earnings reports and a strong US dollar made the investors remain cautious. The benchmark indices closed lower for the fourth straight week.

Among the sectoral indices NIFTY FMCG and NIFTY Healthcare closed higher by 0.88% and 0.43%, respectively. On the other hand, Oil & Gas and Consumer Durables declined the most, closing lower by 2.54% and 2.6%, respectively.

Out of the total 50 NIFTY constituents, 38 closed in the red dragged by IndusInd Bank, Adani Enterprises and BPCL shares.

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ITC and Axis Bank emerge as top NIFTY gainers

ITC shares gained the most among benchmark NIFTY constituents. The FMCG giant’s shares closed at ₹482.25 apiece, up by 2.24%. The stock surged over 4% to hit an intraday high at ₹493.5 apiece after the company mentioned in a media presentation that its Earnings Before Interest Depreciation Amortisation (EBITDA) for Q2FY25 grew 5% on a year-on-year basis, despite subdued demand.
Private sector lender Axis Bank shares traded higher by nearly 3% to hit an intraday high of ₹1201.75 apiece on the NSE, after the Board nod for the reappointment of Amitabh Chaudhry as the Managing Director & CEO of the Bank, for a period of 3 years. The stock settled 1.85% higher at ₹1,189 apiece on the NSE.
Shares of state owned company Bharat Electronics Ltd (BEL) closed at ₹275.55 apiece, up by 1.55%. Earlier today the stock gained over 1% to hit an intraday high of ₹276 apiece after the company posted a growth of 34% in its consolidated net profit for Q2FY25 as it grew to ₹1,091.27 crore compared to ₹812.34 crore in Q2FY24.
Shares of Britannia Industries gained over 1% to hit an intraday high of ₹5,706.45 apiece on the NSE. The stock closed higher by 1.24% at ₹5,682 apiece.
Hindustan Unilever shares gained over 1% to trade at an intraday high of ₹2,540 apiece. The stock closed at ₹2,530.3 apiece, up by 1.1%.

Shares of ICICI Bank, Sun Pharmaceuticals and Kotak Mahindra Bank were also the gainers among other NIFTY constituents.

IndusInd Bank and Adani Enterprises emerge as top losers

IndusInd Bank’s stock declined the most among NIFTY constituents. The stock dipped over 19% to hit a 52-week low of ₹1,025.5 apiece after the private sector lender’s consolidated net profit declined 39% to ₹1,331.29 crore in Q2FY25 compared to ₹2,202.16 crore in Q2FY24.

The company’s stock closed at ₹1,037 apiece, down by 18.99%.

Shares of Adani Enterprises declined more than 6% to hit an intraday low of ₹2,654.7 per share. The stock closed lower by 4.9% at ₹2,691.5 apiece.
Shares of Bharat Petroleum Corporation Limited closed lower by 4.82% at ₹305.95 apiece, shares of Shriram Finance closed at ₹3,118 apiece down by 3.92%. Coal India shares also closed at ₹459.95 apiece, down by 3.62% on the NSE.

Mahindra & Mahindra, Larsen & Toubro and Hero MotoCorp shares also closed in the red, declining up to 3.53%.

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