After the losing streak of last week, the Nifty turned red again, ending at 0.47%, lower than yesterday’s closing at 19079.60. Today, the market was sluggish primarily due to the upcoming Fed policy meeting in the US, as investors remain sceptical about the Fed rate.
Only 14 stocks advanced today, while 36 fell during today’s market session. Out of these, here are five top gainers today followed by 5 top losers stocks today.
Top 5 Gainer Stocks Today
| Stocks | Previous Day’s Closing Price | LTP | Change (%) |
| SUN PHARMA | 1,088.60 | 1,117.00 | 2.61 |
| BPCL | 349.25 | 357 | 2.22 |
| HDFCLIFE | 618.35 | 623.7 | 0.87 |
| HINDALCO | 459.5 | 462.45 | 0.64 |
| TATACONSUM | 900.5 | 904.75 | 0.47 |
- Sun Pharma: This pharma company has been the top gainer on NSE today, gaining around 2.61% during the day. The stock closed at 1117 today, up from its previous close at 1088.60. The gains poured in following the release of its Q2 results, in which there has been an 11% growth in its gross sales on a YoY basis, while the net profits have gone up by 5% during the same period.
- BPCL: This oil and gas company has been another top gainer today, gaining around 2.22%, after the announcement of a change in management. However, the company has been gaining in the past few market sessions, as the oil prices are still not as highly volatile as it was expected to be after the Middle East conflict.
- HDFC Life Insurance Company: This financial services company has gained 0.87% during the day, following another day of gains.
- Hindalco Industries Ltd.: Another top gainer stock today which gained 0.64% during the market session, even though the overall market sentiment was negative. The stock has been gaining for the previous three market sessions as well.
- Tata Consumer Products Ltd.: This FMCG stock has gone up by 0.47% during the day following its gaining streak of the last four sessions. It closed today at 904.75, while the previous close was at 900.50. This stock has been rising due to multiple reasons, which includes a change in its management that happened yesterday only. Mr. Ajit Sukumar Krishnakumar has been appointed as the Executive Director and CEO of the company.
NSE Top 5 Loser Stocks Today
| Stocks | Previous Day’s Closing Price | LTP | Change (%) |
| ADANIENT | 2,294.65 | 2,215.90 | -3.43 |
| COALINDIA | 314.25 | 306.95 | -2.32 |
| TATASTEEL | 118.75 | 116.15 | -2.19 |
| SBILIFE | 1,367.85 | 1,338.75 | -2.13 |
| ADANIPORTS | 784.75 | 769 | -2.01 |
- Adani Enterprise: The top loser today has been Adani Enterprise, losing 3.43% from yesterday’s close at 2294.65, today, it closed at 2215.90. As the price of crude oil increases, this metals and mining company comes under the selling radar of the investors.
- Coal India: This consumable fuel company has lost 2.32% during the day, which is both linked to the rise in oil prices as well as the fed policy outcome, which the investors are looking at. On top of that, there has been a change in its management, which may have also affected the stock price.
- Tata Steel: Another metal stock down by 2.19% following the price rise of the oil globally. The overall market sentiment and the declining metal sector have pulled all these metal stocks down today.
- SBI Life Insurance Company: While one life insurance company has been in the top gainers today, another ended up in the list of top losers stocks today. The stock dipped by 2.13% during the day following the resignation of Mr. Vinod Koyande from the position of Company Secretary.
- Adani Ports: This transport and service sector stock of Adani Group has declined by 2.01%, which is again a result of rising crude prices mainly. The stock fell from 784.75, yesterday’s closing price, to 769 today. In addition, the company announced its scheduled meeting on 9 November 2023, which might have also induced the selling pressure.
Wrapping up
The overall market declined today, with the metal sector dragging it the most. The top gainer stocks today rose mostly due to Q2 results, while the top loser stocks today have been primarily affected by overall dull market sentiment.
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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.