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Nifty Closing: Top Gainer And Loser Stocks on 7th Nov ’23

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Today, the domestic stock market was flat due to the mixed trade data from China and sluggish Asian market performance. Nifty 50 ended with a mere 0.03% dip, closing at 19406.70 while the previous close was 19411.75.

image 19
Source: NSE

As the Asian markets slowed down, the domestic market responded to the same, and thus, the broad market index again went down to a low of 19329.10 during today’s market session. Another reason for the sluggish performance of the domestic market today is the selling pressure by FIIs. Yesterday, FIIs withdrew around Rs. 3613.87 crore from Indian markets.

Even though the market was slow today, 29 stocks managed to gain and become Nifty gainers for the day. The remaining 20, as one stock remained unchanged, become a part of Nifty losers today.

Let’s look at the top five Nifty gainers and losers today to understand which stock pushed and dragged the overall market the most.

NSE Top 5 Gainer Stocks Today

StocksThe previous day’s closing priceLTPChange (%)
Source: NSE

  1. Sun Pharma: This is the top Nifty gainer today, which pushed the market upward. The pharma stock gained 2% during the day and closed at 1173, up from its previous close of 1150. The stock has been gaining steadily after the release of its positive Q2 results, which were out on 1 November.  The company grew in the quarter ended on 30 September on both gross sales and net profit front on a YoY basis.
  2. BPCL: This petroleum giant has gained today 1.69% after the conference call regarding Q2 financials. The gains must have also poured in due to the 15-year agreement that BPCL entered with GAIL for supplying 600 KTPA of Propane. Also, the cooling down of oil prices affects the stock prices of BPCL.
  3. NTPC: Another Maharatna company on the list of Nifty gainers today. NTPC has gained 1.57% during the market session today and closed at 239.55 from yesterday’s close at 235.85. The power giant recently successfully commissioned 50 MW out of its 150 MW Dayapar Wind Energy Project Phase-I.
  4. Dr Reddy: Following the announcement of ESOPs issuance, the company’s share price went up 1.38% today. The stock lost significantly last Friday, but it also regained its previous 5340 level yesterday, and today, it closed at 5411.65, up from yesterday’s close of 5338.10.
  5. IndusInd Bank: This private sector bank has been active in the past few market sessions. Today, this is one of the Nifty gainers, which helped the broad market index to not fall flat on its face. The stock gained 1.10% during the day following the release of its RuPay credit card.

NSE Top 5 Loser Stocks Today

StocksThe previous day’s closing priceLTPChange (%)
Source: NSE
  1. Hero Moto Corp: India’s favorite motorcycle brand is among the top Nifty losers today. The stock lost 1.04% as the market was sluggish and the auto sector was down.
  2. Bajaj Finance: The stock has been losing for the past few market sessions. Today, it lost 0.83% and closed at 7499, while yesterday, it closed at 7562.05. The company has recently announced equity share issuance for QIBs.
  3. JSW Steel: The steel giant has dipped 0.77% during today’s negative market session. The stock closed at 748.20, while yesterday, it closed at 754.
  4. Divi’s Lab: This pharma stock gas lost 0.72% during the day and closed at 3481.30, down from its previous close of 3506.70. While the overall flat and sluggish market has a role to play in the performance of the share today, it also has to do with the losses of Q2, which might be pulling the stock price down.
  5. Reliance Industries: The conglomerate dropped today in the stock market as its price closed at a low of 0.68%. The negative market sentiments were pivotal in dragging Reliance Industries into the list of Nifty losers.

Wrapping up

Apart from the sluggishness in the overall Asian market and mixed sentiments coming from China. Realty, consumer durables, and auto sectors were amongst the forces behind the flat market today. However, the top five, each Nifty gainers and losers today, made significant movements that helped the investors take their call.

*Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

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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.

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