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Top gainers and losers on March 6: Reliance rises 3.05% as NIFTY50 ends higher for second straight session
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4 min read | Updated on March 06, 2025, 17:00 IST
SUMMARY
The Indian equity benchmarks rose for the second straight session on Thursday driven by a rally in index heavyweights such as Reliance Industries, Axis Bank, NTPC, Tata Consultancy Services and Asian Paints.
Stock list
The SENSEX rose as much as 660 points and the NIFTY50 index touched an intraday high of 22,556.45.
The Indian equity benchmarks rose for the second straight session on Thursday driven by a rally in index heavyweights such as Reliance Industries, Axis Bank, NTPC, Tata Consultancy Services and Asian Paints. The SENSEX rose as much as 660 points and the NIFTY50 index touched an intraday high of 22,556.45. The SENSEX ended 610 points or 0.83% higher at 74,340.09 and NIFTY50 index advanced 207 points or 0.93% to close at 22,545.
Top gainers and losers
As many as 38 shares in the NIFTY50 basket ended higher while 12 closed lower. Asian Paints was top gainer in the NIFTY50 basket of stocks, the stock rose 4.75% to close at ₹2,267. Coal India (3.77%), Bharat Petroleum (3.56%), Hindalco (3.51%), Reliance Industries (3.05%) and NTPC (2.87%) were also among the gainers.
On the flipside, Tech Mahindra was top NIFTY50 loser, the stock fell 2.35% to close at ₹1,501.90. Trent (-1.12%), Bharat Electronics (-0.88%), Britannia Industries (0.68%), Kotak Mahindra Bank (0.67%) and HDFC Life (-0.66%) were also among the losers.
Market statistics
As many as 2,996 stocks traded on the NSE on Thursday. Out of this, 2,207 advanced and only 716 stocks declined, while 73 scrips remained unchanged.
A total of 17 stocks hit their 52-week highs, while 53 stocks touched their one-year lows. Besides, 290 stocks hit their upper circuit limits, and 124 touched their lower circuit bands on Thursday.
India VIX, the volatility gauge, stood at 13.73 levels, rising 0.40%.
Broader market
The broader market continued with its rally and outperformed the main indices again on Thursday. Nifty Midcap 100 settled 0.37% higher at 49,348.10 while Nifty Smallcap 100 rallied 1.32% to 15,400.35 level.
Sector watch
Buying was visible across board as all the major sector gauges compiled by the National Stock Exchange ended higher led by Nifty Oil & Gas index's 2.6% gain. Nifty Metal, Healthcare, Pharma and FMCG indices also rose between 1.2-2.3%.
On the flipside, nifty Realty index slipped 0.17%.
Stocks in news
Jefferies said that RIL's underperformance compared to the benchmark NIFTY50 index is due to a slowdown in retail and subdued earnings in the O2C business.
In the past 12 months, RIL's stock price has fallen 21%, while the NSE's NIFTY50 index has slipped less than 1%. Moreover, shares of the company (as of Wednesday's close) are trading 37% lower from its all-time high level of ₹1,608.80, touched on July 8, 2024.
Among them, Asian Paints was one of the top gainers during the day. During the intraday trade, the scrip was trading 3.41% higher on NSE at ₹2,238.05 apiece. It was one of the biggest contributors on the 50-share index.
The price of Brent crude has plunged 6.5% in the previous four sessions, dropping to its lowest since December 2021 on Wednesday, while WTI fell 5.8% over the same period to its lowest since May 2023.
On Thursday, the scrip was trading 1.12% lower on the National Stock Exchange at ₹56.30 apiece.
The stock rose as much as 11.87% to ₹1,120 per share on the NSE. At 9:57 am, it was trading 8.23% higher at ₹1,083.55 per unit.
Proximus Global, the promoter of Route Mobile Ltd, has announced that it will partner with Nokia to offer network API solutions to support developers in creating new applications for enterprises.
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