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Nifty Closing: Top Gainer And Loser Stocks on 8th Nov ’23

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As crude prices fell today, along with global markets mainly in the green, the domestic stock market followed and ended in the green. However, the gains are insignificant as Nifty 50 closed at 19443.50, 0.19% above yesterday’s closing price.

image 20
Source: NSE

“Moderation in U.S. bond yields, positive earnings, and a drop in crude oil prices are positive for the markets,” said analysts at Centrum Institutional Research.

With the fall in oil prices, energy stocks are rising in today’s market session, primarily pulling the market upward. There were 29 Nifty gainers today, while the remaining 21 were Nifty losers.

Let’s have a look at the top nifty gainers and losers today.  

NSE Top 5 Gainer Stocks Today

StocksPrevious Closing PriceLTPChange (%)
Source: NSE

  1. BPCL: This Maharatna Company has been the top nifty gainer of the day. The stock gained 2.74% during the day and closed at 383, while in the previous session, it closed at 372.80. The stock price rose due to decreasing oil prices in the global market and owing to the new agreement signed by BPCL and GAIL.
  2. Adani Ports: With the announcement of the US International Development Finance Corporation to finance Adani’s project, the stock price skyrocketed today. The stock price went up by 2.46% and closed at 817.20 today. The company also announced its investors meeting schedule, which will be on 22 November.
  3. Asian Paints: This festive season calls for new paints, which leads to an increase in demand, and Asian Paints is no exception. The stock price of the paint giant went up by 2.13% in today’s market session. While it became a top nifty gainer today, the stock has gained momentum for two weeks.
  4. Cipla: This pharma stock rose 1.94% today following its acquisition of Generics Business Undertaking. While the stock price significantly rose today after the announcement, in the past two weeks, the stock moved from Rs. 1152 to 1240.
  5. Titan: India’s favorite watches & wearables company gained 1.27% today due to increased festive demands.

Top 5 Loser Stocks Today

StocksPrevious Closing PriceLTPChange(%)
Source: NSE

  1. ICICI Bank: This private sector bank fell by 1.31% today as the overall financial services ended in the red. The bank also declared ESOPs, which could have impacted the stock price of the company.
  2. Infosys: The IT giant fell 0.98% during today’s market session despite announcing its new collaboration with AWS for accelerating Financial Institutions’ cloud transformation across multiple countries in Europe, Africa, and the Middle East.
  3. NTPC: This Power giant lost 0.92% today after yesterday’s gains. While the company has been on track with its projects, especially the 150 MW project, it is the overall market sentiments that must have pulled the stock down.
  4. Tech Mahindra: Another IT company on the list of Nifty losers today. The stock lost 0.88% due to the overall market and sectoral performance.
  5. Tata Consumers: Despite being an FMCG stock that would move up during the festive season, Tata Consumers fell 0.78% during the day owing to the average market conditions.

Wrapping up

As the market was flat today, with nominal gains, both nifty losers and gainers ended with marginal losses and gains. The financial services sector, banks, and PSU banks have dragged the market most, with sectors like pharma, realty, oil & gas given the required push upward, resulting in a flat market today.

*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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