Today, we take a closer look at the performance of the stock market, highlighting the top gainers and losers for the trading session.
Market Overview
The Nifty index wrapped up the trading day at 24,795.75, marking a noteworthy increase of 0.88%. Throughout the session, the index peaked at 25,044.0 and dipped to a low of 24,756.8. Similarly, the Sensex exhibited strong performance, fluctuating between 81,763.28 and 80,813.07, ultimately closing at 81,050.0. This reflects a gain of 0.72%, equating to an impressive rise of 584.81 points from its opening price.
Midcap and Small-Cap Performance
The Midcap index outshone the Nifty 50 today, as the Nifty Midcap 50 registered a considerable gain of 1.71%. Furthermore, small-cap stocks showcased even stronger performance, with the Nifty Small Cap 100 ending at 18,242.85, reflecting an increase of 374.8 points, or 2.05%.
Index Performance Over Time
The Nifty 50 has demonstrated various performance metrics throughout the past year:
- Last week: -3.05%
- Last month: +0.3%
- Last three months: +2.84%
- Last six months: +10.34%
- Last year: +28.18%
Nifty Index Top Gainers and Losers Today
In today’s trading session, several stocks stood out in terms of performance. The top gainers within the Nifty index included:
- Trent (up 7.95%)
- Bharat Electronics (up 4.83%)
- Adani Enterprises (up 4.73%)
- Adani Ports & Special Economic Zone (up 4.67%)
- Mahindra & Mahindra (up 3.45%)
Conversely, the primary losers for the day were:
- SBI Life Insurance Company (down 3.35%)
- Tata Steel (down 2.94%)
- Titan Company (down 2.67%)
- Bajaj Finserv (down 2.19%)
- JSW Steel (down 2.02%)
Bank Nifty Performance
The Bank Nifty index concluded the day at 50,478.9, achieving an intraday high of 51,176.05 while touching a low of 50,466.0. This index has shown the following performance:
- Last week: -3.6%
- Last month: -0.2%
- Last three months: -2.69%
- Last six months: +5.01%
- Last year: +16.25%
Summary of Top Gainers and Losers
Let us summarize the top gainers and losers from the trading session on October 8, 2024:
Top Gainers:
- Mahindra & Mahindra (up 3.42%)
- Reliance Industries (up 2.01%)
- HDFC Bank (up 1.95%)
- Larsen & Toubro (up 1.83%)
- State Bank of India (up 1.59%)
Top Losers:
- Tata Steel (down 2.89%)
- Titan Company (down 2.59%)
- Bajaj Finserv (down 2.27%)
- Bajaj Finance (down 1.12%)
- Tata Motors (down 0.89%)
Additional Gainers and Losers
Beyond the primary indexes, other noteworthy gainers included:
- Dixon Technologies (India)
- Indian Hotels Company
- Max Healthcare Institute
- Suzlon Energy
- Vodafone Idea
On the flip side, the following stocks were identified as significant losers:
- NMDC
- PB Fintech
- APL Apollo Tubes
- Phoenix Mills
- Hindustan Petroleum Corporation
Market Trends and Analysis
In today’s trading landscape, additional top gainers were recognized:
- Housing & Urban Development Corporation
- HFCL
- Computer Age Management Services
- Tejas Networks
- Indiamart Intermesh
In contrast, considerable losses were noted among:
- Sonata Software
- Blue Star
- R R Kabel
- National Aluminium Company
- Shyam Metalics & Energy
Final Thoughts on Today’s Market Movement
As we conclude our market review, we note some significant performers:
Top Gainers:
- Varun Beverages (up 8.88%)
- Housing & Urban Development Corporation (up 8.87%)
- Saregama India (up 8.44%)
- Rail Vikas Nigam (up 8.15%)
- HFCL (up 8.11%)
Top Losers:
- EIGHTY JEWELL-MT (down 4.84%)
- NMDC (down 4.24%)
- SBI Life Insurance Company (down 3.07%)
- Tata Steel (down 2.89%)
- Brigade Enterprises (down 2.80%)
