Top gainers and losers on October 4: M&M was the top loser as NIFTY50 fell over 0.9% today

Benchmark indices Sensex and Nifty closed in the red on Friday, October 4, amid rising geopolitical tensions in the Middle East. The disturbances are likely to disrupt crude supplies in the key oil-producing region, which can impact net importers such as India.

NIFTY50 closed at 25,014, down by 235 points, or 0.93%, after touching an intraday low of 24,966 earlier in the day. BSE SENSEX ended the session at 81,688, down by 808 points or 0.98% after recording a low of 81,532.

Sectoral indices Nifty IT and Nifty PSU Bank closed higher by 0.36% and 0.54%, respectively. In contrast, the Nifty Media and Nifty Realty indices closed lower by 2.61% and 1.64% respectively.

Out of the 50 Nifty constituents, 37 closed in the red, led by a sell-off in Mahindra & Mahindra, Bajaj Finance, and Asian Paints.

Infosys and ONGC emerge as lead gainers

Shares of HDFC Life Insurance Company gained over 1% to hit an intraday high of ₹713.5 apiece on the NSE. The stock settled in the green at ₹709.3 apiece.

Among other Nifty constituents, Axis Bank, Tech Mahindra and Titan shares closed higher by up to 0.62% on October 4.

Mahindra & Mahindra and Bajaj Finance top losers

Shares of UltraTech Cement, Hero Motocorp, and Britannia Industries also emerged as top losers among Nifty constituents, declining up to 2.13%.