Nifty reclaims 15,600 amid rebound rally: Check top gainers and losers
Nifty 50 : Check out the stock market action today
The Indian equity market rallied for the second straight day amid a lack of any negative global cues. Nifty started the day higher amid gains across other Asian markets.
All the sectors posted gains with financial, oil & gas, and IT leading the rally. Metal and PSU banks also ended higher amid value buying following the vicious selloff over the last few days due to fears of a slowdown. Nifty ended the session 1.9% higher to reclaim the crucial 15,600-mark.
Check out major stock gainers and losers today.
Top Nifty Gainers and Losers Today
JP Power up 10%: JP Power shares soared 10% amid a rebound in power stocks after a 20% drop in the last month.
SBI Cards jumped 7%: SBI Cards jumped 7% after analysts said that the company will gain from RBI's ban on loading PPI.
BHEL gained 7%: BHEL rallied 7% amid positive sentiments in the power sector after an 18% drop in the last month.
Bank of Baroda gained 6%: Bank of Baroda jumped 6% as financials led Nifty higher. Stock is down about 6% in the last 5 sessions.
Tata Power up 5%: Tata Power rebounded amid a rally in power stocks after its recent rout. Stock is down 7% in the last 5 sessions.
Coal India rose 5%: Coal India jumped after the government reiterated that power plants have sufficient fuel.
IRCTC recovered 5%: IRCTC gained 5% after the company launched the Bharat Gaurav tourist train today.
PNB gained 5%: PNB jumped amid positive sentiment in banking stocks after FM Nirmala Sitharaman took stock of developments in PSBs.
Tata Elxsi up 4%: Tata Elxsi resumed its rally after analysts retained a positive opinion of the stock due to growth opportunities.
National Aluminum up 4%: Nalco jumped 4% amid a rebound in metal stocks post the recent selloff due to inflation, and rate hike fears.
GAIL up 4%: GAIL gained 4% after global brokerage firm Jefferies noted that higher oil prices and domestic demand will bode well for the company.
Tata Motors zoomed 4%: Tata Motors gained 4% after the company said that the EV business will be cash positive by 2025.
KPIT Tech up 4%: KPIT Tech gained amid a rebound in IT shares after analysts noted that the business fundamentals remain intact despite the slowdown.
HDFC AMC up 4%: HDFC AMC gained 4% after Kotak Equities upgraded its rating to 'Add'.
NMDC up 4%: NMDC gained amid a rebound rally after falling over 5% in the last 5 days. Concerns over the export duty of 58% remain the biggest issue.
ONGC up 4%: ONGC recouped losses amid the market rally, after plunging 10% in the last 3 sessions.
Adani Wilmar gained 4%: Adani Wilmar gained amid a relief rally after falling over 20% in the last month.
Vedanta up 3%: Vedanta recouped some of the losses from yesterday after plunging 12% on the announcement to sell the Tuticorin plant.
We will come back tomorrow with a similar report on what happened in Nifty 50 stocks. Till then, stay tuned. Explore our latest product feature launch : US Stocks SIP feature