Indian share market today: HCL Tech falls after muted earnings; Nifty ends 0.6% down: Check top stock movers

Share Market Today In India

Nifty lost 0.57% to end below the crucial 16,000-mark amid a selloff in IT and baking stocks. After witnessing volatility in the first half, markets moved downward in the last hour of the trade as weak global indices dampened sentiment. However, gains in FMCG, metal and pharma stocks capped losses. 

Top Gainers and Losers in the Indian Stock Market Today

HDFC down 3%: HDFC share price fell amid a selloff in financial stocks. Stock is down 20% in the last 6 months.

Bharti Airtel down 2%: Bharti Airtel shares extended losses after reports of Adani group entering 5G telecom spectrum auction.

HDFC Bank slumped 2%: HDFC Bank share price fell amid a selloff in banking stocks. Stock is down 12% in the last 6 months.

Adani Power dropped 2%: Adani Power fell amid profit booking in Adani group stocks after a recent rally. The stock had gained 8% in the last 5 days on reports of Adani foraying into the telecom space.

Reliance Industries fell 2%: Reliance Industries fell 2% amid investors remaining concerned about the impact of export tax on petroleum products.. Stock is down 10% in the last month.

Adani Wilmar lost 1%: Adani Wilmar fell amid profit booking in Adani group stocks after a recent rally. The stock had gained 10% in the last 5 days on reports of Adani foraying into the telecom space.

Zomato sheds 1%: Zomato closed 1% lower as concerns around economic recession dented sentiments for loss-making new-age tech stocks.

HCL Tech shed 1%: HCL Tech share price fell after the company reported a muted 2.4% on-year rise in net profit to Rs 3,283 crore, missing street estimates.

Bank of Baroda down 1%: Bank of Baroda lost 1% amid caution in banking stocks.

ICICI Bank closed 1% down: ICICI Bank share price fell 1% amid profit booking. The stock had jumped 10% in the last 2 weeks, after positive brokerage calls from global firms lifted sentiments.

Tata Motors slumped 1%: Tata Motors extended losses after analysts noted that the company's UK-based subsidiary, Jaguar Land Rover continues to be plagued by semiconductor shortages.

Tech Mahindra fell 1%: Tech Mahindra shares extended losses after global brokerage firm Jefferies downgraded the stock to 'Hold' with a target price of Rs 1,070 citing lower margins due to recession. Stock is down 5% in the last one week.

Wipro slipped 1%: Wipro shares extended losses after global brokerage firm Jefferies downgraded the shares to 'underperform' and slashed the target price to Rs 360 from Rs 545.

Paytm closed 2% higher: Paytm shares jumped after the company reported a 9x jump in total loan value to Rs 5,554 crore.

HUL up 2%: HUL share price gained 2% amid positive sentiments due to monsoon progress, strong outlook for Q1 earnings.

NMDC up 2%: NMDC recouped some losses from Tuesday to end 2% up. NMDC shares had plunged 5% after Kotak Institutional Equities cut its earnings estimates for the company due to pressure on domestic prices and decline in sales volume.

Laurus Labs gained 4%: Laurus Labs share price jumped after the company said that it is increasing its capacity by adding five plants, one of which would be commercialised soon and the rest would go on stream with necessary approvals by 2025.