Top 5 stocks of the day: Adani Enterprises, Bajaj Auto, UPL, Tata Steel and Infosys were among the top losers on the Nifty, while gainers were ICICI Bank, Kotak Mahindra Bank, Power Grid Corporation, SBI and HDFC Life. Except bank and realty, all other sectoral indices ended lower. The BSE midcap index down 0.6 percent and smallcap index fell 1 percent.
Sensex and NSE Nifty50
On February 27, benchmark indices finished lower for the seventh session in a row, with Nifty hovering around 17,400. The Nifty was down 73.10 points or 0.42% at 17,392.70 at close, and the Sensex was down 175.58 points or 0.30% at 59,288.35. 2511 shares fell, 944 shares rose, and 174 shares remained unchanged.
Top Stock Gainers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Macrotech Dev | 816.45 | 13.47 | 110.26k |
| Indiabulls Real | 61.05 | 2.43 | 2.03m |
| Mahindra Life | 372.10 | 1.99 | 16.52k |
| Sobha | 590.55 | 1.96 | 6.84k |
| Oberoi Realty | 856.25 | 1.34 | 3.66k |
| DLF | 350.00 | 1.13 | 75.38k |
| Phoenix Mills | 1,328.10 | 1.03 | 4.20k |
| Godrej Prop | 1,091.90 | 1.02 | 24.38k |
| Brigade Ent | 469.35 | 0.58 | 2.25k |
Top 5 stocks of the day: Softening in the RBI’s tightening stand, a trigger for Indian market
According to Shankar Sharma, founder of GQuant Investech, the trigger for the Indian market will be a softening in the RBI’s tightening stance because there is enough proof that the rate-tightening cycle has an effect on consumer demand, both in rural and urban India.
You can tell there is a softening in demand by looking at the numbers of consumer companies like Asian Paints and others. Therefore, he continued, I believe the trigger will occur at the following policy meeting, when the RBI should likely pause or provide a strong enough hint that it is shifting from a hawkish to a dovish stance.
Top 5 stocks of the day: Power Grid shares gain
The board of directors of Power Grid Corporation of India has approved four projects totaling Rs 803.57 crore, including the implementation of the north-eastern region expansion scheme-XX and the western region expansion scheme-XXV.
Power Grid Corporation of India’s share price rose 0.30 percent to Rs 215.65, or Rs 0.65.
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