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  1. Top gainers, losers for October 1: IndusInd Bank, ONGC, Asian Paints major drag as NIFTY close below 25,800

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Top gainers, losers for October 1: IndusInd Bank, ONGC, Asian Paints major drag as NIFTY close below 25,800

Upstox

3 min read | Updated on October 01, 2024, 20:54 IST

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SUMMARY

Among NIFTY sectoral indices, IT and media shares saw buying while oil & gas shares dropped. Among top NIFTY losers, IndusInd Bank dropped the most by 2.66% to ₹ 1,409.15 apiece. ONGC dropped 1.73% to settle near the day's low of ₹292.45 amid a decline in crude oil prices. Tech Mahindra, M&M and Infosys were the top NIFTY gainers.

Top gainers and losers: IndusInd Bank, ONGC lead drags as NIFTY, SENSEX end flat in a volatile session

Top gainers and losers: IndusInd Bank, ONGC lead drags as NIFTY, SENSEX end flat in a volatile session

Benchmark indices SENSEX and NIFTY closed lower for the third straight day in a volatile session on Tuesday, October 1.

The key indices moved in a range before closing marginally down as gains in IT and auto shares were offset by a decline in oil and select FMCG stocks.

NIFTY50 closed lower by 13.95 points, or 0.05%, at 25,796. The broader index opened lower at 25,788 and moved between a high of 25,907 and a low of 25,739 in the intraday trade.

As many as 29 NIFTY shares closed in the red while 21 stocks closed in the green. Market breadth was positive as 1,639 stocks closed higher, 1,144 dropped and 90 ended unchanged on NSE.

SENSEX closed lower by 33 points, or 0.04%, at 84,266 after moving in a range. The index moved between a high of 84,648 and a low of 84,098 in the day trade.

In the broader markets, NIFTY midcap indices closed higher up to 0.4% while smallcap indices ended up 0.8%.

Among NIFTY sectoral indices, IT and media shares saw buying while oil & gas shares dropped.

Stock markets edged down as a Purchasing Managers’ Index (PMI) survey showed that India's manufacturing activity declined to an eight-month low in September.

IndusInd Bank dropped the most

Among top NIFTY losers, IndusInd Bank dropped the most by 2.66% to ₹ 1,409.15 apiece. The private lender last week announced the reappointment of Sumant Kathpalia as its Managing Director and CEO for three years with effect from March 24, 2025.
ONGC dropped 1.73% to settle near the day's low of ₹292.45 amid a decline in crude oil prices. Brent Crude dropped over 2%. Asian Paints lost 1.52% to close at ₹3,278.65 apiece on the NSE after recovering from the day's lows as reports cast doubts over revenue growth in the current fiscal.
Bajaj Auto shares declined 1.31% to ₹12,184.35 at close even as two-wheeler major reported 20% rise in September sales. Titan fell by 1.1% to settle at ₹3,781.95.

Tech Mahindra, M&M and Infosys major gainers

Among top NIFTY movers, Tech Mahindra rose the most by 2.9% to close at ₹1,623 apiece amid an uptick in IT shares.
Mahindra & Mahindra rose by 2.37% to settle at ₹3,168 apiece on the NSE as its India sales rose by 24% in September. Britannia Industries gained 1.8% to close at ₹6,452 apiece.
Infosys rose by 1.62% to close at ₹1,906 apiece on the NSE helping the broader index cut losses. Adani Enterprises gained 1.57% while Kotak Mahindra Bank, Adani Ports and HCL Tech advanced 1% to 1.5% to end in the green.

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