return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Stocks
    /
  5. Top gainers and losers today on 14 October: Wipro, Tech Mahindra, HDFC Life top NIFTY movers

Market News

Top gainers and losers today on 14 October: Wipro, Tech Mahindra, HDFC Life top NIFTY movers

Upstox
By Upstox News Desk

3 min read | Updated on October 14, 2024, 17:05 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

According to experts, buying in IT and banking shares supported the uptrend on expectations of good quarterly results. IT major Wipro emerged as the lead gainer among NIFTY stocks, rising by 4.24%. ONGC was the biggest loser among NIFTY shares, declining 2.05%.

Stock list

WIPRO
--
TECHM
--
ONGC
--
MARUTI
--
Top gainers and losers: Wipro, Tech Mahindra, HDFC Life top NIFTY movers; ONGC lead drag

Top gainers and losers: Wipro, Tech Mahindra, HDFC Life top NIFTY movers; ONGC lead drag

Benchmark indices SENSEX and NIFTY closed in the green Monday, October 14, on the back of a rally in IT and banking shares.

NIFTY50 regained the 25,000 level and closed at 25,127, up by 163 points, or 0.66%. After a gap-up opening, the key index moved between a high of 25,159 and a low of 25,017 in intraday trade. As many as 33 NIFTY shares closed higher while 17 ended in the red.

On the NSE, around 94 stocks hit the 52-week high levels while 20 traded at 52-week low levels.

Benchmark SENSEX rose by 591 points, or 0.73%, to settle at 81,973. SENSEX moved between a high of 82,072 and a low of 81,541 during the day.

ALSO READ | FMCG sector Q2FY25 earnings preview

According to experts, buying in IT and banking shares supported the uptrend on expectations of good quarterly results.

In the broader market, NIFTY Midcap Indices closed higher by up to 0.6% and NIFTY Smallcap by 0.4%. Among sectoral indices, NIFTY Bank, NIFTY IT and NIFTY Realty were lead gainers. NIFTY Media and Metal indices closed lower.

Wipro, Tech Mahindra, HDFC Life lead gainers

IT major Wipro emerged as the lead gainer among NIFTY stocks, rising by 4.24%. The company announced that its board will meet on October 17 to consider and approve Q2 financial results and a proposal for a bonus issue of shares.
Tech Mahindra hit a 52-week high of ₹1,697 per share amid an uptick in IT shares. The stock rose by 2.88% to close near its year-high level at ₹1,694.5 apiece on the NSE.
HDFC Life also settled near the day's high at ₹ 741.2 apiece, up by 2.4% ahead of its financial results.
HDFC Bank gained 2.3% amid gains in banking shares. The lender will declare Q2 results on October 19.
Larsen & Toubro shares rose by 2.02% following bullish comments by market experts. The company is expected to post a core revenue growth of 16% and a core margin expansion of 60 basis points over FY24-FY27E, according to experts.

Among other NIFTY gainers, ITC, IndusInd Bank, Kotak Bank and Infosys also gained up to 1.75% at close.

ONGC, Maruti Suzuki, Tata Steel lead losers

ONGC was the biggest loser among NIFTY shares. The stock declined 2.05%. The oil explorer has announced plans to set up small LNG plants.
Maruti Suzuki dropped 1.77% ahead of Hyundai Motors India IPO launch tommorow.
Tata Steel declined 1.48% amid concerns that cheap metal imports are likely to hurt domestic players. Market experts, however, sounded bullish on the stock.
Bajaj Finance shares fell by 1.22%, while Adani Enterprises lost 1.22%.

Ultratech Cement, Hindlaco, Bajaj Finserv and Nestle were also among the major NIFTY losers.

Uplearn

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story