Top 5 stocks of the day: IndusInd Bank, HDFC Life, Eicher Motors, Apollo Hospitals, and Power Grid Corp. were among the top gainers on the Nifty, while Infosys, HCL Technologies, Tech Mahindra, NTPC, and TCS were among the losers. On a sectoral level, the information technology index fell by 2%, while the capital goods, pharmaceutical, and oil & gas indices all fell by 0.5%. The PSU Bank and Property indices, on the other hand, both increased by 1%. The BSE midcap index increased by 0.16 percent and the smallcap index increased by 0.33 percent.
Top 5 stocks of the day: Sensex and Nifty
In the extremely turbulent market, key Indian indices finished slightly higher. At closing, the Nifty was up 15.60 points or 0.09 percent at 17,828 while the Sensex was up 38.23 points or 0.06 percent at 60,431.00. A total of 1,871 shares rose, 1,526 fell, and 117 were unchanged.
NIFTY AUTO Top Stock Gainers
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Eicher Motors | 3,222.75 | 3.02 | 1.12m |
| TVS Motor | 1,168.90 | 2.92 | 1.80m |
| Tata Motors | 470.35 | 1.04 | 10.75m |
| Balkrishna Ind | 2,070.45 | 1.02 | 194.60k |
| Ashok Leyland | 138.45 | 0.69 | 5.78m |
| Bosch | 18,895.00 | 0.69 | 19.97k |
| Maruti Suzuki | 8,663.95 | 0.5 | 320.32k |
| M&M | 1,210.00 | 0.22 | 3.68m |
| MRF | 85,600.00 | 0.17 | 1.67k |
| Bajaj Auto | 4,289.20 | 0.07 | 305.65k |
Citi View on TCS
Additionally, CLSA maintained a “outperform” rating with a Rs 3,550 target price on the company. TCS had a dismal Q4 performance, but the company claimed the strong order backlog is encouraging for the near-term prospects. The stock may suffer from short-term uncertainties and ambiguous management commentary. The company anticipates support from TCS’s structural advantages and 4% dividend yield. Tata Consultancy Services’ share price, which was down Rs. 51.10 or 1.58 percent, was Rs. 3,191.00.
Disclaimer: (This piece of information is purely informational. It is important to note that offers, discounts, and/ or any other scheme/ information/ statistics must be personally verified by the readers from the respective sources. Readers are advised to invest or purchase solely at their own risk. DNP News Network Private Limited, website or the writer doesn’t validate the offers in any context. We will not be liable for any financial or other losses.)
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
