Top 5 stocks of the day: Tata Consumer Products to Adani Enterprises, these stocks gained more than 1.38%; Checkout others here

Top 5 stocks of the day: The top stocks in Nifty includes Tata Consumer Products, Tata Motors, Bajaj Auto, Nestle India and Adani Enterprises. The Nifty was down 47.30 points, or 0.22 percent, at 21,731.40, and the Sensex was down 170.12 points, or 0.23 percent, at 72,240.26 at the close. Gainers outnumbered losers in the market breadth, with roughly 1,758 shares rising, 1,533 shares falling, and 54 shares remaining unchanged. Following reports about India's plan to replace 800,000 diesel buses with electric ones by 2030, Tata Motors is leading the surge among electric bus manufacturers. The stock of Tata Motors surged by up to 6.5%, setting a new high.

Oil prices are expected to drop by roughly

The first yearly decline in two years, oil prices are expected to drop by roughly 10% by the end of 2023 as a result of production cuts, geopolitical concerns, and international efforts to control inflation. On Friday, the final trading day of 2023, Brent crude futures were up 48 cents, or 0.6%, at $77.63 a barrel at 0523 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 37 cents, or 0.5%, at $72.14. After dropping 3% the day before, oil prices steadied on Friday as more shipping companies got ready to travel the Red Sea route. After the militant Houthi group in Yemen started attacking ships, major companies had stopped using Red Sea routes.

Top 5 stocks of the day

TEECL surged more than 8% during the early trade

Techno Electric & Engineering Company Ltd. (TEECL) saw a spike in share price of more than 8% on Friday, December 29, in early trading following the company's multi-million order receipt. The construction and engineering company announced in a regulatory filing that it has received new orders totaling Rs 1,750 crore for advance metering and transmission infrastructure. Today, Godrej shares reached a record high of Rs 765.6. Right now, the stock is up 6.4%. Thus far this year, it has increased by 72.78%.

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