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  1. Top gainers and losers on Nov 19: SENSEX, NIFTY50 rebound to close higher; M&M rise over 3%

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Top gainers and losers on Nov 19: SENSEX, NIFTY50 rebound to close higher; M&M rise over 3%

Upstox

2 min read | Updated on November 19, 2024, 17:11 IST

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SUMMARY

Among NIFTY sectoral indices, media, realty, auto and consumer durables shares rallied the most while metal, oil & gas, and PSU bank declined. Mahindra & Mahindra was the top NIFTY gainer, rising by 3.15%.

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Top gainers and losers: M&M, Tech Mahinda, HDFC Bank lead movers as NIFTY snaps 7-day losing streak

Benchmark indices SENSEX and NIFTY settled higher on Tuesday, November 19, ending their losing streak driven by buying in select banking, IT and auto shares.

Snapping its seven-day slide, NIFTY50 closed higher by 64 points, or 0.28%, at 23,518. As many as 23 NIFTY stocks advanced and 27 closed lower.

The index opened higher and gained 326 points to hit a high of 23,780.65 in the afternoon session. However, profit-taking emerged at a high level, dragging the index down to a low of 23,464.8 before closing.

The 30-share SENSEX snapped its four-day losing streak, closing higher by 239, or 0.31%, at 77,578. The index surged over 1,100 points to hit a high of 78,451 before paring most of the gains.

Among NIFTY sectoral indices, media, realty, auto, and consumer durables shares rallied the most, while metal, oil and gas, and PSU bank shares declined.

Mahindra & Mahindra, Tech Mahindra, HDFC Bank top gainers

Mahindra & Mahindra was the top NIFTY gainer, rising by 3.15%. The stock gained amid reports that M&M's talks with Skoda Auto Volkswagen India for a 50:50 JV have hit a roadblock.
Tech Mahindra also gained 1.88% at close after the company announced the launch of new GenAI solutions. HDFC Bank rallied 1.81% on value buying.
Dr Reddy's gained 1.66% to settle near the day's high levels, while Eicher Motors advanced 1.59%.

Among other NIFTY constituents, Titan, Sun Pharma, Wipro and Trent, rallied up to 1.5%.

SBI Life, Hindalco, Reliance Industries top losers

SBI Life emerged as top loser among NIFTY stocks, declining by 2.92% amid a fall in insurance shares. Insurance sector shares declined after Finance Minister Nirmala Sitharaman asked banks to focus on core activities and avoid mis-selling of insurance products.
Hindalco dropped by 2% to emerge as the second biggest NIFTY loser.
Reliance Industries retreated 1.85% dragging the indices from the day's high levels. HDFC Life dropped 1.67%, while largest lender the State Bank of India dropped 1.46%.

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