Nifty ends a volatile session mildly lower: Check top gainers and losers today
Stock market action today
Markets ended Tuesday’s volatile trading session marginally lower. Investors remained cautious about the impact of 40-year high inflation in the US and global recession. The Nifty index ended lower by 0.3% to close at 15,732 levels. Meanwhile, the sectoral indices traded mixed, Oil & Gas, Metal and Auto ended with losses whereas Realty and IT ended with gains. Here are major stock movements for the day.
Adani Wilmar Jumped 5%: Adani Wilmar jumped amid positive sentiments in Adani Group stocks due to news of a $50 billion Green Energy Investment Plan.
Zomato Gained 3%: Zomato jumped 3% after Credit Suisse retained a Buy rating on the shares with a target price of Rs 90.
Paytm Jumped 4%:Paytm ended higher after Dolat Capital said that the company has the right levers for monetization.
NTPC Up 2%: NTPC saw a rebound rally after a 8% drop in the last 5 sessions amid a rally in power stocks.
M&M Gained 1%: M&M jumped after the company announced plans to set up its first tractor plant in Mohali amid strong demand.
Federal Bank Rallied 2%: Federal Bank rallied after HDFC Securities retained a Buy call citing industry-leading Fintech partnerships.
Bharti Airtel Up 2%: Bharti Airtel rallied 2% after Jefferies retained a Bullish view on revenue market share gains.
IOC Fell 3%: IOC fell 3% amid pressure in OMC shares due to concerns about lower marketing margins going forward.
Tata Elxsi Down 1%: Tata Elxsi continued to witness profit booking after a 45% rally in the last 6 months.
HDFC Bank Ended 1% Down: HDFC Bank fell as FII stocks took a beating due to concerns around persistent selling by foreign investors.
HUL Fell 1%: HUL shares remain under pressure due to concerns of lower margins amid high inflation concerns.
BPCL Fell 1%: BPCL fell to a 52-week low amid pressure in OMC shares due to concerns about lower marketing margins going forward.
Asian Paints Fell 1%: Asian Paints edged lower on concerns around raw material costs amid higher crude oil prices.
Reliance Down 1%: Stock fell amid profit booking after a 10% rally in the last one-month period.
Goldbees down 1%: The ETF declined tracking the fall in gold prices, given the yellow metal's low correlation with equity markets.
Tech Mahindra Fell 2%: Tech Mahindra extended losses amid correction in the IT sector on the back of recession fears.
ONGC Fell 2%: ONGC declined on reports that oil firms will have to compensate ethanol makers for higher oil prices.
NALCO Dropped 3%: Nalco shares continue to remain under pressure amid demand concerns due to Covid lockdown in China.
KPIT Tech Down 4%: KPIT Tech extended losses amid caution in IT stocks on recession fears.