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  5. Top gainers, losers on Sept 30: Hero MotoCorp, Axis Bank, RIL major drag as NIFTY drops below 25,900

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Top gainers, losers on Sept 30: Hero MotoCorp, Axis Bank, RIL major drag as NIFTY drops below 25,900

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By Upstox News Desk

3 min read | Updated on September 30, 2024, 17:25 IST

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SUMMARY

JSW Steel gained the most among benchmark NIFTY constituents, rising 2.93% to settle at ₹1,030 apiece. NTPC, Britannia Industries and Hindalco emerged as the other major gainers among NIFTY constituents. On the other hand, Hero Motocorp, Axis Bank and Trent were the top drags among NIFTY shares.

Stock list

JSWSTEEL
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NTPC
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HEROMOTOCO
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AXISBANK
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Top gainers and losers: Hero MotoCorp, Axis Bank, RIL major drag as NIFTY drops below 25,900; JSW Steel, NTPC lead movers

Top gainers and losers: Hero MotoCorp, Axis Bank, RIL major drag as NIFTY drops below 25,900; JSW Steel, NTPC lead movers

India equity benchmark indices, SENSEX and NIFTY, closed in the red, declining up to 1.5% on Monday, September 30, amid profit booking and mixed global trends.

NSE NIFTY50 closed at 25,810 points, down by 368 points, or 1.41%, while the BSE SENSEX plunged more than 1,200 points to settle 1.49% lower at 84,299.

Earlier, the NIFTY50 and the SENSEX fell to intraday lows of 25,794.1 points and 84,257 points, respectively.

Also Read: Key reasons behind today's market fall

The sectoral indices NIFTY Metals and NIFTY Media closed higher by 1.33% and 1.12%, respectively. On the other hand, the NIFTY Auto and NIFTY Financial Services indices closed lower by 2.11% and 1.72%, respectively.

Out of the total 50 NIFTY constituents, 41 closed in the red, dragged by Hero Motocorp, Trent and Axis Bank shares.

JSW Steel and NTPC emerge as top NIFTY gainers

JSW Steel shares gained the most among NIFTY constituents. The Jindal group company’s shares closed at ₹1030.85 apiece, up by 2.93%. The stock surged over 3% to hit an intraday high at ₹1032.9 apiece.
State-owned power sector company NTPC shares traded higher by more than 2% to hit an intraday high of ₹448.45 apiece. The stock settled 1.37% higher at ₹442.9 apiece on the NSE.
Shares of FMCG major Britannia Industries gained over 1% to hit an intraday high of ₹6,362.9 apiece on the NSE. The stock closed higher by 1.06% at ₹6,334.95 apiece.
Hindalco Industries stock gained over 2% to hit an intraday high of ₹764.45 apiece. The stock closed 1.14% higher at ₹755.65 apiece on the NSE.
Tata Steel stock gained over 2% to trade at an intraday high of ₹170.18 apiece before closing flat at ₹167.95 up by 0.84%.

Among other NIFTY constituents, BPCL, Grasim and Asian Paints shares closed higher by up to 0.63% on September 30.

Hero MotoCorp and Axis Bank emerge as top losers

Hero MotoCorp stock declined the most among NIFTY constituents. The auto stock dipped over 4% to hit a low of ₹5,690.5 apiece. The company’s shares closed at ₹5,717 apiece, down by 4.03%. The stock was also the biggest loser among NIFTY Auto stocks.
Shares of private sector lender Axis Bank declined more than 3% to hit an intraday low of ₹1,229.35 per share. The stock closed lower by 3.29% at ₹1,231.3 apiece.
Shares of Tata Group company Trent closed lower by 3.2% at ₹7,583.4 apiece, while Reliance Industries Ltd closed at ₹2,956.7 apiece down by 3.13%. Bharat Electronics Ltd (BEL) shares also closed at ₹284.5 apiece, down 3.05%, on the NSE.

Mahindra and Mahindra, Bajaj Auto and ICICI Bank shares also emerged as losers among other NIFTY constituents, declining up to 2.6%.

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