While the market opened positively today, it again plunged 0.83% at the end of the day. The Nifty 50 breached the 19200 level as well and closed at 19122.15 today, 159.60 points down from yesterday’s closing price.
The Middle East issue, oil price volatility, and rising bond yields in the US are taking a toll on the share market worldwide and on the domestic market as well. However, unlike the previous session, ten stocks ended in the green today. Let’s see five top gainers today.
Top 5 Gainer Stocks Today
| Stocks | Previous Day’s Closing Price | LTP | Change (%) |
| TATASTEEL | 120 | 121.3 | 1.08 |
| COALINDIA | 306.1 | 309.1 | 0.98 |
| HINDALCO | 456.7 | 460.5 | 0.83 |
| TATACONSUM | 883.1 | 889.05 | 0.67 |
| SBIN | 552.95 | 556.6 | 0.66 |
- Tata Steel: This, being a metal stock, has made the most significant advance; however, apart from the sectoral positive sentiment, the company itself has been granted the Amalgamation scheme, which is a boost for the business as well. The stock gained 1.08% during the day, closing at 121.30, up from its previous close at 120.
- Coal India: This oil company has also moved up the ladder in the sluggish market. The stock gained 0.98% during the day, primarily due to the cooling-down volatility of oil prices across the globe.
- Hindalco Industries: Another metal stock that went up by 0.83% during the day due to the upsurge in the metal sector. The company also had a change in its management in the previous week.
- Tata Consumer Products Ltd.: Yet another Tata group company has gained in today’s market and become the fourth top gainer stock today on the NSE. The FMCG stock gained 0.67% at the end of the day, rising from its previous close at 883.10. The gains seem to be a result of the festive demands.
- SBIN: As the PSU Bank as a sector performed well today, SBIN didn’t fail to impress. The stock gained 0.66%, too, where the pivotal role has been played by the overall sectoral rise. Still, the announcement of upcoming quarterly results on 4 November 2023 also boosted the confidence and interest of the investors, as it seems.
The market has been driven today mainly by metal stocks and, to some extent, the PSU banks. While the sectors which dragged the market include IT, Media, etc. The geopolitical turmoil is taking a toll on the markets worldwide, with other factors playing their role, too.
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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.