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Nifty Closing: NSE Top Gainer & Losers on 2st January ’24

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Nifty Closing: NSE Top Gainer & Losers on 29th December ’23
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The second market session of 2024 ended in red as the geopolitical tensions spiking crude prices are now taking a toll on the domestic markets. On top of that, as the December earning sessions will begin shortly, the investors are in a mood to book profits, as it seems. 

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Source: NSE

The equity benchmark index Nifty 50 declined 0.35% and dipped below the 19700 level, closing at 21665.80. Except for pharma and healthcare, which poured some significant gains in today’s adverse market session, other sectors either remain sluggish or fell significantly. Auto and IT sectors dragged the market most as the geopolitical situation worsened. 

Here in this article, we will read about the top nifty gainers and losers today. 

Top 5 Gainer Stocks Today

StocksPrevious Day’s Closing Price LTPChange (%)
DIVISLAB3,915.904,037.003.09
ADANIPORTS1,047.851,079.002.97
SUNPHARMA1,260.251,295.152.77
COALINDIA381.8391.752.61
CIPLA1,251.001,282.852.55
Source: NSE

  1. Divi’s Lab: This pharma stock gained 3.09% following a rise in the pharma stocks and concerns over rising COVID-19 cases across the country. 
  2. Adani Port: Adani Group stocks have been on the rise since the last two market sessions and this Adani stock rose 2.97% to become the second top nifty gainer of the day. 
  3. Sun Pharma: This pharma stock surged 2.77%, which is due to the positive sentiments of investors around the pharma and healthcare sector today. The stock closed at 1295.15 while it was at 1260.25 during the closing of yesterday’s market session. 
  4. Coal India: This power stock gained 2.61% following the volatility in the oil and gas sector today. The stock closed at a price of 391.75 while yesterday it closed at 381.80. 
  5. Cipla: The fifth top nifty gainer is a pharma giant, which gained 2.55% during today’s market session, which is also due to the effect of rising coronavirus cases, pushing the pharma sector higher. 

Top 5 Loser Stocks Today 

StocksPrevious Day’s Closing Price LTPChange (%)
EICHERMOT4,038.353,894.00-3.57
M&M1,703.301,661.00-2.48
ULTRACEMCO10,464.0010,205.10-2.47
LT3,525.453,440.90-2.4
KOTAKBANK1,909.151,864.80-2.32
Source: NSE

  1. Eicher Motors: The auto sector was one of the primary sectors that dragged the entire market today. This auto giant lost 3.57% primarily due to profit booking and the auto sector’s negative performance and today also; this is the top Nifty loser. 
  2. Mahindra & Mahindra: This auto stock lost 2.48% and closed at a price of 1661, down from its previous day’s close at 1703.30. Sell-off in the auto sector was the primary reason for the decline. 
  3. Ultratech Cement: This construction material stock lost 2.47% and the price of the stock dipped to 10205.10, from its previous day’s price of 10464. The decline in the prices can be justified as the company released its Q3 data yesterday where the domestic sales of grey cement increased only 1%, while the export declined on a QoQ basis. The overall sales volume only increased by 2% on a QoQ basis.
  4. Larsen & Turbo: This realty giant also lost 2.40% and the stock closed at 3440.90. The slip in the prices can be due to the overall sluggishness in the market today.
  5. Kotak Bank: The private banking sector was also in the red and this private bank lost 2.32%. The closing price of the stock today is 1864.80 while yesterday it was at 1909.15. 

Wrapping up

The domestic market today in the country was fully under the influence of global cues, which were adverse, and the oil prices spiking along with the high volatility level is adding fuel to this already panicked market. 

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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.

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