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  1. Top gainers, losers on September 20: M&M, ICICI Bank, JSW Steel lead NIFTY movers, Grasim major drag

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Top gainers, losers on September 20: M&M, ICICI Bank, JSW Steel lead NIFTY movers, Grasim major drag

Upstox

2 min read | Updated on September 20, 2024, 18:17 IST

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SUMMARY

In the broader market, midcap and smallcap indices rose to 1.4%, reflecting a wider rally. All NIFTY sectoral indices closed in the green, driven by rallies in auto, banking, and realty shares.

NIFTY inches closer to 25,800, SENSEX breaches 84,000 mark: Check top gainers and losers

NIFTY inches closer to 25,800, SENSEX breaches 84,000 mark: Check top gainers and losers

Benchmark SENSEX gained nearly 1,360 points to breach the record 84,000 level, while NIFTY closed near the 25,800 mark on Friday, September 20, following a sharp rally in auto, realty and banking shares.

NIFTY rallied 375.15 points, or 1.48%, to close at 25,790 points as 44 of its constituents ended with gains and six with losses.

The index swung between losses and gains in a volatile session. The barometer opened marginally up but plunged into losses to hit a low of 25,426 in early trade. The 50-share gauge soon rebounded from lows and rallied around 380 points to hit an all-time intraday high of 25,849 as banks, auto and realty shares zoomed. The index pared some of the gains in the pre-close session.

SENSEX closed at an all-time high of 84,544, up by 1359 points, or 1.63%.

The barometer breached the historic 84,000 mark for the first time ever. It touched an all-time intraday high of 84,694, spurting over 1,370 points during the day. It hit a low of 83,187 in the early session.

In the broader market, midcap and smallcap indices also rose up to 1.4% reflecting a wider rally.

Mahindra & Mahindra, ICICI Bank, JSW Steel lead gainers

Mahindra & Mahindra was the biggest gainer among NIFTY shares, rising by 5.32% to close near the day’s high at ₹2,946.35.
ICICI Bank shares also rallied around 5% to hit a 52-week high of ₹1,362.35 before settling at ₹1,349.8 apiece, up by 4.47%, on the NSE
JSW Steel rallied over 4% to hit a 52-week high of ₹988 per share during the day after a pickup in metal shares. It closed up by 3.69%.
Eicher Motors also rallied more than 3% to a 52-week high of ₹5,062.2 apiece on the NSE.
Larsen and Toubro gained 2.97% to close at ₹3,793. Coal India shares rebounded 2.84% to ₹491.50 amid a pick up in metal shares on bullish comments by market experts.

Grasim, SBI, NTPC among lead losers

Grasim Industries declined the most among NIFTY shares. The stock closed lower by 2.33% at ₹2,675. SBI shares retreated 0.69% to emerge as second biggest loser while NTPC dropped 0.22% to ₹423 amid reports of its renewable energy arm filing for an IPO.

IndusInd Bank, TCS and HeroMotoCorp also declined marginally.

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