return to news
  1. Top gainers, losers on October 29: SBI rose over 5%, while Maruti Suzuki falls 4.1% after subdued Q2 results; check details

Market News

Top gainers, losers on October 29: SBI rose over 5%, while Maruti Suzuki falls 4.1% after subdued Q2 results; check details

Upstox

2 min read | Updated on October 29, 2024, 17:21 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Maruti Suzuki was the lead loser among NIFTY stocks, dropping by 4.16% at close. The largest public sector lender, the State Bank of India, emerged as the lead NIFTY gainer, rising by 5% at close. Among sectoral indices, NIFTY Bank, Realty, and Financial Services gained the most, while Pharma and Auto declined.

Top gainers and losers: SBI, BEL among lead movers as benchmark indices extend gains

Top gainers and losers: SBI, BEL among lead movers as benchmark indices extend gains

Benchmark SENSEX and NIFTY recovered the early losses to settle with gains for the second day in a row on Tuesday, October 29.

After a volatile session, NIFTY50 closed higher by 127.7 points, or 0.52%, at 24,466. As many as 31 NIFTY shares closed higher, while 18 declined and one remained unchanged.

The index started on a weak note and slipped below the 24,150 level in early morning deals after selling in pharma and auto shares. However, a recovery in banking and consumer stocks helped pare losses and end the day higher.

The 30-share SENSEX also rose by 363.99 points, or 0.45%, to settle at 80,369. As many as 16 SENSEX constituents gained and 14 declined.

Domestic investors' buying after a recent fall and a slump in crude oil prices supported the rally in Indian stocks.

Among sectoral indices, NIFTY Bank, Realty and Financial Services gained the most while Pharma and Auto declined.

SBI, BEL, Eicher Motors emerge top gainers

Largest public sector lender the State Bank of India, emerged as the lead NIFTY gainer, rising by 5% at the close. The bank’s plans for expansion in unbanked areas to drive growth aided the rally in the stock.
Bharat Electronics rose by 4.89% after its second-quarter results. Experts were optimistic about the stock after its positive EBITDA in the second quarter of the current fiscal.
Among others, Eicher Motors and HDFC Life gained over 3.3% while SBI Life gained 3.18%.

Among other NIFTY constituents, ICICI Bank, Bajaj Finserv, Adani Ports and Tata Consumer were the gainers rising between 1.7% and 3% at close.

Maruti Suzuki, Tata Motors lead losers

Maruti Suzuki was the lead loser among NIFTY stocks as it dropped by 4.16% at close. The company reported a 17% year-on-year (YoY) decline in September quarter net profit, while its revenue remained flat amid a slowdown in domestic sales.
Tata Motors declined by 3.92 % amid a fall in auto shares on sales growth concerns. HeroMotoCorp ended lower by 2.88%.

Pharma shares Dr Reddy’s and Sun Pharma also dropped by 2.52% and 2%, respectively.

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