Top 5 stocks of the day: From Hindalco Industries to Tata Steel, here are the top gainers today

Top 5 stocks of the day: Adani Ports, SBI, IndusInd Bank, HDFC Bank and Cipla were among the biggest losers on the Nifty, while gainers were Hindalco Industries, Maruti Suzuki, Bajaj Auto, HUL and Tata Steel. Among sectors, bank, power, PSU bank and realty down 2-3 percent each. The BSE midcap index fell 1.5 percent and smallcap index shed 0.8 percent.

These are the top 5 gainers & losers in today's trade

Top 5 stocks of the day: Nifty stocks

After staying around the 14 mark for almost a month, the Nifty volatility index rose as high as 8.5% to 14.815. Stocks of Adani group companies plunged 2% to 7% after short-seller Hindenburg Research said that it has short positions in those companies through US-traded bonds and non-Indian-traded derivative instruments.

The Nifty is still trading in the 17,800 to 18,200 region, so it may be a good time to buy stocks when it reaches the 17,800 mark, which is a decent support right now, according to Dasgupta.

Technical Research, Religare Broking

Markets fell dramatically lower on the monthly expiry day, losing more than a percent. Following a flat start, the Nifty index gradually declined in the first half and remained in a narrow band thereafter. It eventually settled at 17891.95, a 1.25% decrease. Meanwhile, selling pressure was broad, with banking and financials suffering the most, followed by energy and real estate counters. The broader indices also traded in lockstep with the trend, losing between 1% and 1.5%.

Sri Lanka central bank holds rates as it awaits crucial IMF deal

The central bank of Sri Lanka held interest rates constant for the third time in a row on Wednesday, as predicted, saying the current tight monetary stance is critical to managing still-high inflation and restoring economic stability.

The island nation of 22 million people, which is attempting to get a $2.9 billion IMF loan, is experiencing its greatest economic crisis since gaining independence from Britain in 1948.

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