Indian share market today: Nifty halts 4-day winning run; check top gainers and losers

Share Market Today In India

Nifty50 halted a four-day winning run in a choppy session on Wednesday, dragged by losses in financial and IT shares. Nifty ended 0.32% lower at 15,799.10. Poor consumer confidence data from the US dampened investor sentiments. Investors globally awaited a key GDP reading from the US due later in the day for cues.

Top Gainers and Losers in the Indian Stock Market Today

Zomato down 5%: Zomato extended losses after the Blinkit deal as analysts pointed out that the deal will extend Zomato's path to profitability. Zomato is down 20% in the last 3 days.

HDFC Life down 5%: HDFC Life fell after its annual report showed that the life insurance sector had paid Rs 60,000 cr in April-Sep 21 period, twice that of the previous year due to Covid related deaths.

HUL shares tumbled 4%: HUL lost 4% after the company's CEO noted that the situation will continue to remain challenging due to geopolitical disruptions and commodity price inflation.

IRCTC down 4%: IRCTC fell as analysts noted that gloomy global economic outlook will impact the railway giant.

Axis Bank fell 3%: Axis Bank fell 3% amid a selloff in banking stocks on the back of weak global cues.

Happiest Minds fell 3%: Happiest Minds continues to trade near 52-week lows after global brokerage firm Morgan Stanley sold its stake in the company last week.

Tata Consumer dropped 3%: Tata Consumer fell 3% amid pressure in FMCG shares due to fears of lower margins amid high inflation.

Dabur fell 2%: Dabur shares fell 2% as investors turn cautious due to recession fears ahead of the release of US GDP data later in the day.

Wipro down 2%: Wipro continues to trade near 52-week lows as investors remain cautious about the IT sector due to fears of recession.

NALCO fell 2%: Nalco dropped 2% amid profit booking after a 6% rally in the last week due to easing of Covid curbs in China.

Kotak down 2%: Kotak Mahindra Bank lost 2% amid a selloff in financial shares. The stock is down 14% in the last one month.

HCL Tech closed 1% up: HCL Tech declined 2% as investors continue to remain cautious about stocks in the IT sector due to fears of a recession.

NMDC fell 2%: NMDC fell 2% after the company said that the shareholders and creditors have approved the demerger of the company's under-construction Nagarnar Steel Plant (NSP).

Asian Paints down 1%: Asian Paints fell as analysts raised concerns over raw material inflation.

Ashok Leyland up 1%: Ashok Leyland extended gains after Religare Broking retained a Buy rating on the stock citing favourable technical factors for the stock.

Coal India up 1%: Coal India extended rally after ICICI Direct maintained a buy call. Going forward, the brokerage expects Coal India to report an offtake of 675 Million tonnes (MT) in FY23E and 700 MT in FY24E.

GAIL gained 2%: GAIL closed 2% higher amid a rally in crude oil prices on the back of supply constraints due to political unrest in Libya and Ecuador.

Reliance up 2%: Reliance Industries jumped 2% after Mukesh Ambani set the succession plan in motion by stepping down from Chairman position of Reliance Jio and promoting son Akash Ambani.

ONGC gained 3%: ONGC jumped 3% amid a rally in crude oil prices on the back of supply constraints due to political unrest in Libya and Ecuador.