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  5. Top gainers, losers on October 28: Investors gain ₹3.9 lakh crore as markets snap 5-day losing streak; check details

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Top gainers, losers on October 28: Investors gain ₹3.9 lakh crore as markets snap 5-day losing streak; check details

Upstox
By Upstox News Desk

3 min read | Updated on October 28, 2024, 17:13 IST

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SUMMARY

Investors gain ₹3.9 lakh crore as SENSEX closes 602 points higher, Nifty above 24,300. All NIFTY sectoral indices closed in green. PSU Bank, Metal, Pharma, and Realty shares were the top gainers. Shriram Finance, Adani Enterprises, and ICICI Bank emerged as the top NIFTY gainers, while Coal India was the major drag.

Stock list

SHRIRAMFIN
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ICICIBANK
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COALINDIA
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BAJAJ-AUTO
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Top gainers and losers: Shriram Finance, Adani Enterprises, ICICI Bank lead movers as benchmarks snap 5-day losing streak

Top gainers and losers: Shriram Finance, Adani Enterprises, ICICI Bank lead movers as benchmarks snap 5-day losing streak

Benchmark SENSEX and NIFTY snapped their five-day losing streak on Monday, October 28, following bargain hunting by investors across sectors and better Q2 results by bluechips.

NIFTY50 rose by 158 points, or 0.65%, to close at 24,339. As many as 36 of its constituents closed in the green and 14 in the red.

The index opened higher but dropped soon after to hit a low of 24,134 in early trade. The barometer recovered losses later and hit a high of 24,492.6 after better Q2 results by big companies across sectors.
SENSEX rose by 602 points, or 0.76%, to settle at 80,005. The barometer moved between a high of 80,539 and a low of 79,418 during the day. As many as 24 SENSEX stocks closed higher, and six ended in the negative territory.
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Bargain hunting after five straight days of losses helped benchmark indices close in the green at the start of Diwali week. Easing concerns over the Middle East conflict after Israel’s limited attack on Iran also elevated investors’ mood to some extent in the domestic markets. Broader markets also joined the rally, with midcap indices rising by 0.84% and smallcap by 1.39%.

All NIFTY sectoral indices closed in green. NIFTY PSU Bank, Metal, Pharma, and Realty are among the lead gainers.

Shriram Finance, Adani Enterprises ICICI Bank lead gainers

Shriram Finance emerged as the lead NIFTY gainer, rising by 5.35% after better-than-expected Q2 results. Its profit after tax rose by 18.3%, while net interest income (NII) jumped 16.37% in the second quarter of the current fiscal.
Adani Enterprises shares gained 4.07% ahead of its financial results announcement. Reports of the conglomerate buying a 73% stake in ITD Cementation also aided the stock's rally.
ICICI Bank jumped 3.1% after reporting a 14.47% rise in net profit to ₹11,745.88 crore and an interest income increase of 16.08% in the September quarter.
Among other NIFTY constituents, JSW Steel rose by 3% to settle near the day's high level at ₹972.15 apiece, while Wipro closed with a gain of 2.9%.

Coal India, Bajaj Auto, Axis Bank top losers

Coal India emerged as the biggest loser among NIFTY shares, dropping by 3.76% after weak Q2 results. Its consolidated net profit dropped 22% year-on-year to ₹6,274.8 crore in the September quarter.

Bajaj Auto shares declined 2.07%, while Axis Bank fell by 1.29%. Hero MotoCorp lost 1.19%, and BEL dropped 0.92% at the close. Among other NIFTY losers, Kotak Mahindra Bank, Trent, Tech Mahindra and HDFC Bank dropped between 0.37% and 0.9%.

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

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