Top gainers and losers on June 17: Trent up 7%, BEL up 3%, Hindalco up 3%; Tata Motors PV down 8%, among top movers

At 3:30 pm, the NIFTY50 index closed 0.40% or around 96 points higher at 24,085.70 points after the trading session on June 17, compared to 23,989.15 points at the previous stock market close, as per NSE data.

Meanwhile, the BSE SENSEX index closed 0.45% or 347 points higher at 77,155.62 points on Wednesday, compared to 76,808.48 points at the previous market close, according to the exchange data.

Crude oil prices in the global market dropped under $80 per barrel on Wednesday’s trading session, adding to the support for the equity markets, as focus now remains on the final leg of the US-Iran peace deal, which will reopen the Strait of Hormuz by the end of this week.

Investors around the world are now focused on the upcoming US Federal Reserve’s key monetary policy meeting, which will determine the interest rates for the US economy. Market experts predict the rates are set to be kept unchanged at 3.50-3.75% range amid elevated inflation.

NIFTY50 top gainers & losers today

Stocks like Trent, Bharat Electronics (BEL), Hindalco, SBI Life Insurance, Eternal, HDFC Life Insurance, Tata Steel, Bharti Airtel, Coal India and Sun Pharma were among the top gainers on the NIFTY50 index as of Monday’s stock market close.

Trent gained 7%, BEL gained 3%, Hindalco gained 3%, SBI Life Insurance gained 2%, Eternal gained 1.6%, HDFC Life Insurance gained 1.4%, Tata Steel gained 1.4%, Bharti Airtel gained 1%, Coal India gained 1%, and Sun Pharma gained 1% on June 17.

Other NIFTY50 stocks like Tata Motors PV, Cipla, Bajaj Finance, ONGC, Axis Bank, Kotak Mahindra Bank, Eicher Motors, and Dr Reddy’s were among the top losers after Wednesday’s trading session.

Tata Motors PV lost 8%, Cipla lost 1.6%, Bajaj Finance lost 1.2%, ONGC lost 1%, Axis Bank lost 1%, Kotak Mahindra Bank lost 0.9%, Eicher Motors lost 0.6%, and Dr Reddy’s lost 0.6% after the trading session on June 17.

Out of the 50 stocks listed on the benchmark NIFTY50 index, 32 stocks ended in the positive territory, while the remaining 18 ended in the red, according to the exchange data.

Midcap & Smallcap stocks today

Bharat Dynamics up 6%, Cochin Shipyard up 5.6%, GE Vernova up 5.2%, Yes Bank up 5.2%, Dixon Tech up 5%, KEI Industries up 4.7%, Blue Star up 4.6%, and Nykaa up 3.6% were among the top gainers in the Nifty Midcap 100 index after the trading session on June 17.

While others like BSE down 3.8%, Colgate Palmolive down 3%, Fortis down 2%, Dabur India down 1.6%, Patanjali Foods down 1.5%, and PI Industries down 1.5% were among the top losers after Wednesday’s trading session.

While on the Nifty Smallcap 100 index, stocks like IDBI Bank gained 16%, Data Patterns gained 6.4%, GRSE gained 6.3%, Wockhardt gained 5.2%, Five Star Business Finance up 4.5%, and Brigade Enterprises gained 4.5% during the session on June 17.

Others like Aarti Industries down 3.5%, Mangalore Refinery and Petrochemicals down 2.6%, Afcons Infra down 2.4%, City Union Bank down 2.4%, Godawari Power down 1.7%, and Anant Raj was down 1.7% as of Wednesday’s market close.