The broad market index, Nifty 50, fell by 0.25% today as FIIs continue withdrawing investments from Indian markets. The global cues remain mixed, fueling the selling spree in the domestic market today. [Source: NSE]
Nifty 50 ended at 19443.50 yesterday, while today, it dipped below the 19400 level and closed at 19395.30. Of 50 stocks, 28 constituting stocks ended in red, while 22 gained and ended in the green.
Let’s look at the top nifty gainers and losers today to know which stock performed the best and the worst.
Top 5 NIFTY Gainer Stocks Today
| Stocks | Previous Day’s Closing Price | LTP | Change (%) |
| M&M | 1,487.40 | 1,550.00 | 4.21 |
| APOLLOHOSP | 5,110.95 | 5,300.00 | 3.7 |
| COALINDIA | 317.4 | 323.9 | 2.05 |
| POWERGRID | 207 | 210 | 1.45 |
| INDUSINDBK | 1,488.95 | 1,509.90 | 1.41 |
- Mahindra & Mahindra Ltd.: Today, the top nifty gainer stock is Mahindra & Mahindra, which gained 4.21% during the session. With the rise in the auto sector, this stock has gained the most today. A wholly owned subsidiary of M&M, Mahindra Aerospace Australia Pty Ltd. today entered into an agreement [Source: NSE] to sell its stakes in Gipps Aero Pty Ltd and other similar companies as the subsidiary discontinued its aircraft manufacturing business.
- Apollo Hospitals Enterprise Ltd.: This healthcare stock has been the second top nifty gainer today, which gained 3.70%. The stock closed at 5300, up from its previous close at 5110.95. Today, the organization announced its financial results for the quarter ended on 30 September 2023 and its expansion plans worth Rs. 34350 million. The income for the quarter mentioned here has increased on both YoY and QoQ basis, and the same goes for the profit.
- Coal India: With a rise of 2.05%, this stock has become the third top gainer of the day. The stock price closed at 323.90, while the previous close was 317.40. While the company’s positive quarterly results push the stock price to go up, it is also for the change in the management, which was announced a day back.
- Power Grid: This stock is on the rise, and today, it went up by 1.45% from yesterday’s close at 207. The profits have gone up for the quarter from Rs. 3597.16 crore to Rs. 3781.42 crore, which is one of the prime factors behind the surge in the stock price.
- IndusInd Bank: This is the fifth top gainer today, up 1.41%. The stock closed at 1488.95 yesterday, while it closed at 1509.90 today. The growth in its income for Q2 has a positive effect on the stock price. Apart from that, the new schemes they are introducing for the festival season also help in better revenue generation.
Top 5 NIFTY Loser Stocks Today
| Stocks | Previous Day’s Closing Price | LTP | Change (%) |
| ADANIENT | 2,259.95 | 2,219.95 | -1.77 |
| HINDUNILVR | 2,519.35 | 2,479.80 | -1.57 |
| ADANIPORTS | 818.7 | 806.05 | -1.55 |
| TATACONSUM | 916.3 | 902.95 | -1.46 |
| ONGC | 195.35 | 192.55 | -1.43 |
- Adani Enterprise: The top nifty loser today has been Adani Enterprise, which has plummeted by 1.77%, which is a result of the negative global cues, as the half-yearly and quarterly results of the company have been promising. EBITDA for the Q2 has increased by 39%, while for the H1 FY24, it has risen by 43%.
- Hindustan Unilever: The second top nifty loser is HUL, which dipped today by 1.57%, closing at 2479.80. This FMCG stock has been losing for the previous two sessions owing to the market sentiments, which are mixed or negative for the week.
- Adani Port: Another Adani group stock on the list of Nifty losers. This stock has lost 1.55% following the release of its Q2 results. As the company’s profits dipped compared to the previous quarter, the investors got into a selling mode today. The profits dropped by 16.88%, while on a YoY basis, it increased marginally by 1.37%.
- Tata Consumer: This FMCG stock fell by 1.46% today following the mixed global cues.
- ONGC: This Oil & gas stock fell by 1.43% due to the global market’s volatile oil prices. The company’s board meeting is due tomorrow, which could be another reason behind its volatile stock price. Still, the company already announced the dividend’s record date to be 21 November, which is positive for the investors.
Wrapping up
So, while the overall market was sluggish today and ended in the red, there were nifty gainers with some significant gains. The mixed global cues are killing the festive ride in the domestic market and making the market all the more volatile.
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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.