The Nifty 50 rose 121.50 points or 0.62% to close at 19,811.35 today, as investors remained optimistic about rate hikes in future and hopeful that the Israel-Hamas conflict will not have global repercussions.
Sectors like Metal, Realty and Media were the biggest winners.
Ultratech Cement, RIL, Hero MotoCorp and Wipro gained the most, while HCL, TCS and Coal India were among the NSE top losers today.
NSE Top 5 Losers Today
|Stocks||Previous Day’s Closing Price||Last Traded Price||Change (%)|
|HCL TECHNOLOGIES LIMITED||1261.8||1241||-1.65|
|COAL INDIA LIMITED||303.25||301.3||-0.64|
|STATE BANK OF INDIA||591.65||588.9||-0.46|
|TATA CONSULTANCY SERVICES LIMITED||3628.9||3613||-0.44|
1. HCL Technologies Ltd.: HCL Technologies features on our list of Nifty top losers today for the second time this month. A decrease in MF shareholding in the last quarter, a drop in profit margin (QoQ), declining revenue and profits for the previous two quarters and inability to generate net cash resulted in the company losing 1.65% of its share price value.
2. Coal India Ltd.: A drop in profit margin (YoY) and quarterly net profit and a decline in net cash flow led to Coal India losing 0.64% of its stock price value. The company features on our list of NSE top losers today for the third time this month.
3. LTIMindtree Ltd.: This is the first time LTIMindtree features on our list of Nifty top losers today, experiencing a 0.58% drop in share price value.
4. State Bank of India: SBI features on our list of top NSE losers today for the second time this month. High-interest payments when compared to earnings, a decrease in MF shareholding in the last quarter, a drop in cash flow from operations and a decline in net cash flow resulted in a 0.46% loss in the stock price value of the organisation.
5. Tata Consultancy Services Ltd.: TCS features on our list of Nifty top losers today for the second time this month. A drop in profit margin (QoQ) and net profit, a decrease in net cash flow and high promoter stock pledges resulted in the company losing 0.44% of its share price value.
Shrikant Chouhan, Head of Retail Research at Kotak Securities, said about today’s rally, “If the US treasury yields doesn’t spike from here on, it would bring some stability to global equity markets and encourage investors to undertake risk-on strategy. Technically, after a long time, the Nifty surpassed the 20-day SMA (Simple Moving Average), and it is also holding the bullish continuation formation on daily and intraday charts, which is largely positive. For the bulls, 19750-19700 would act as crucial support zones, while 19850-19900 could be key resistance areas for the traders. However, below 19700, the uptrend would be vulnerable.”
I’m Archana R. Chettiar, an experienced content creator with
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