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  5. Top gainers, losers on September 23: Bajaj Auto, M&M, ONGC lead movers as NIFTY50 close above 25,900

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Top gainers, losers on September 23: Bajaj Auto, M&M, ONGC lead movers as NIFTY50 close above 25,900

Upstox
By Upstox News Desk

3 min read | Updated on September 23, 2024, 17:39 IST

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SUMMARY

Bajaj Auto shares surged the most among NIFTY constituents. Mahindra & Mahindra, ONGC and Hero MotoCorp were the other major gainers among NIFTY constituents. On the other hand, Eicher Motors and ICICI Bank emerged as the top drags.

Stock list

BAJAJ-AUTO
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M&M
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EICHERMOT
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ICICIBANK
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NIFTY above 25,900, SENSEX hits all-time high: Check top gainers and losers

NIFTY above 25,900, SENSEX hits all-time high: Check top gainers and losers

Benchmark indices hit fresh record highs on Monday, September 23, aided by strong foreign fund inflows and largely firm trends in the Asian markets following the US Fed rate cut last week.

SENSEX and NIFTY hit all-time highs, driven by strong buying in banking stocks, especially public-sector banks and auto stocks.

NIFTY surged to an all-time high of 25,956 points in intraday trade, while the SENSEX soared to a record-high of 84,980 points.

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The 50-share index closed at 25,939, up by 148 points, or 0.57%. BSE SENSEX settled at 84,928, up by 384 points or 0.45%.

The sectoral indices NIFTY PSU Bank and NIFTY Realty closed higher by 3.31% and 1.91%, respectively. On the other hand, the NIFTY IT index closed in the red, down by 0.62%.

Out of the total 50 NIFTY constituents, 16 closed in the red, including Eicher Motors, ICICI Bank and Divi’s Laboratories.

Bajaj Auto and Mahindra & Mahindra emerge as top NIFTY gainers

Bajaj Auto shares emerged as the top gainer among constituents of the benchmark NIFTY index. The automotive company’s shares closed at ₹12,378 apiece, up by 3.66%. In intraday trade, the stock touched a high at ₹12,380 apiece. The stock also emerged as the biggest gainer on the NIFTY Auto index.
Mahindra & Mahindra shares traded higher by more than 3% to hit an intraday high of ₹3056.9 apiece. The stock settled 3.26% higher at ₹3,047 apiece on the NSE.
Shares of ONGC gained over 3% to hit an intraday-high of ₹296.4 apiece on the NSE. The stock closed higher by 3.06% at ₹295 apiece.
Auto major Hero MotoCorp shares gained over 3% to hit an intraday high of ₹6,210 apiece. The stock settled with gains of 2.94% at ₹6,190 apiece on the NSE.
Shares of SBI Life Insurance Company gained nearly 3% to trade at an intraday high of ₹1,925 apiece before closing at ₹1,920, up by 2.66%.

Among other NIFTY constituents, State Bank of India, HDFC Life Insurance Company and Bharti Airtel shares closed higher by up to 2.42% on September 23.

Eicher Motors and ICICI Bank emerge as top losers

Eicher Motors stock declined the most among NIFTY constituents. The stock dipped over 2% to hit a low of ₹4854.65 apiece. The company’s stock closed at ₹4,882 apiece, down by 1.62%.
Shares of private sector lender ICICI Bank declined more than 2% to hit an intraday low of ₹1,308.5 per share. The stock closed lower by 1.23% at ₹1,322 apiece.
Shares of Divi’s Laboratories closed lower by 1.19% at ₹5,386 apiece, and shares of Wipro fell 1.13% to close at ₹533 apiece. IndusInd Bank stock also closed lower at ₹1,465.25 apiece, down by 1.01% at the close.

Asian Paints, Tech Mahindra and Hindalco shares also top NIFTY drags, declining up to 1%.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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