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Top gainers and losers on August 29: Tata Motors, Bajaj Finserv among top NIFTY movers

Upstox
By Upstox News Desk

3 min read | Updated on August 29, 2024, 19:19 IST

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SUMMARY

Shares of Tata Motors surged the most among constituents of the NIFTY50 index. The auto stock closed 3.57% higher at ₹1,112.9 apiece on the NSE. Among other NIFTY constituents, Bajaj Finserv, Britannia Industries and Bajaj Finance were the major gainers. Grasim and M&M emerged as the top losers.

Stock list

TATAMOTORS
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BAJAJFINSV
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GRASIM
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M&M
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Top gainers and losers on August 29: Bajaj Finserv, Tata Motors and Britannia Industries among top NIFTY movers

Top gainers and losers on August 29: Bajaj Finserv, Tata Motors and Britannia Industries among top NIFTY movers

Benchmark indices closed in the green on Thursday, August 29, extending the gains after touching record highs intraday. Benchmark NIFTY closed at 25,151, up by 99.6 points, or 0.4%, after reaching a new high of 25,192 during the intraday trade.

BSE SENSEX gained 349 points, or 0.43%, to settle at 82,134. The index touched a high of 82,285 in intraday trade.

Among the sectoral indices, NIFTY FMCG and Oil & Gas were the top gainers, closing higher by 0.72% and 0.94%, respectively. On the other hand, NIFTY Metal and NIFTY Pharma closed in the red.

Out of the NIFTY50 constituents, 22 closed in negative territory, dragged by Grasim, Mahindra & Mahindra, and JSW Steel.

Tata Motors and Bajaj Finserv emerge as top NIFTY gainers

Shares of Tata Motors gained the most among the constituents of the NIFTY. The stock closed 3.57% higher at ₹1,112.9 apiece. The automotive company’s stock rallied over 6% to touch an intraday high of ₹1,142 apiece on the NSE. The stock also emerged as the biggest mover on the NIFTY Auto index.
Bajaj Finserv shares advanced over 3% to hit an intraday high of ₹1,772 apiece amid buzz around the Bajaj Housing Finance IPO launch in September. Bajaj Finserv is a promoter of the IPO-bound housing finance company. The stock settled 2.61% higher at ₹1,758.3 apiece on the NSE. Another Bajaj Group stock, Bajaj Finance, also jumped more than 3% to trade at an intraday high of ₹7,158 apiece before closing at ₹7,066.65, up by 2.42%. The non-Bank Finance Company (NBFC) stock gained as it is also a promoter of Bajaj Housing Finance.
Shares of FMCG major Britannia Industries gained over 2% to hit an intraday high of ₹5,845 apiece on the NSE. The stock closed higher by 2.45% at ₹5,842.85 apiece.

Oil-to-telecom conglomerate Reliance Industries shares rose over 2.5% intraday after the company’s 47th annual general meeting. The company made several key announcements, including plans to consider a 1:1 bonus issue in the board meeting on September 5.

Read more: Key highlights from Reliance Industries’ 47th AGM

Among other NIFTY constituents BPCL, HCL Tech and Bajaj Auto closed with gains up to 2.4%.

Grasim and Mahindra & Mahindra among top losers

Aditya Birla Group company Grasim shares declined the most among NIFTY stocks. Shares of Grasim slid over 2% to hit an intraday low of ₹2,640.05 apiece. The stock closed at ₹2,674.95 apiece, down 1.5%.
Automaker Mahindra & Mahindra shares declined over 2% to hit an intraday low of ₹2741.65 per share. The stock closed lower by 1.25% at ₹2,763 apiece.
Shares of JSW Steel settled in the red at ₹938.2 apiece, down 1.2%, and Eicher Motors stock dropped 0.89% to ₹4,902.65 apiece. Private sector lender Kotak Mahindra Bank shares also closed 0.75% lower at ₹1,777.85 apiece.

Among other NIFTY draggers, Hindalco Industries, Sun Pharma Pharmaceutical Industries, and Dr Reddy’s Laboratories shares dropped to 0.72%.

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