May 10, 2024: Bharat Petroleum (BPCL), NTPC, Tata Consultancy (TCS), and Cipla Lead Market Activity – Full Analysis of Today’s Top Stock Movers

• The Nifty and Sensex both closed higher today, with the Nifty closing at 21957.5, up by 0.44%, and the Sensex closing 0.36% higher at 72404.17.
• The Nifty Midcap 50 and Nifty Small Cap 100 both outperformed the Nifty 50, closing 1.12% and 0.69% higher respectively.
• The top gainers in the Nifty index were Bharat Petroleum Corporation, NTPC, Power Grid Corporation Of India, Hero Motocorp, and JSW Steel, while the top losers were Tata Consultancy Services, Cipla, LTI Mindtree, Infosys, and Kotak Mahindra Bank.

Indian stock market indices Nifty and Sensex closed higher today, with midcap and small cap stocks outperforming the Nifty 50. Top gainers and losers are discussed in detail.

Nifty and Sensex Close Higher

The Nifty closed at 21957.5, marking a 0.44% increase for the day. The index reached a high of 22131.3 and a low of 21950.3 throughout the day. The Sensex traded between 72946.54 and 72366.29, closing 0.36% higher at 72404.17, which was 260.3 points above the opening price.

Midcap and Small Cap Stocks Outperform Nifty 50

In terms of performance, the Nifty Midcap 50 outperformed the Nifty 50, closing 1.12% higher. Similarly, small cap stocks outperformed the Nifty 50, with the Nifty Small Cap 100 ending at 15995.7, up by 111.05 points and 0.69% higher.

Top Gainers and Losers in Nifty Index

The top gainers in the Nifty index were Bharat Petroleum Corporation (up 4.48%), NTPC (up 2.73%), Power Grid Corporation Of India (up 2.57%), Hero Motocorp (up 2.36%), and JSW Steel (up 2.28%). On the other hand, the top losers in the Nifty index were Tata Consultancy Services (down 1.67%), Cipla (down 1.42%), LTI Mindtree (down 1.08%), Infosys (down 1.02%), and Kotak Mahindra Bank (down 0.92%).

Conclusion

Overall, it was a positive day for the Indian stock market with both the Nifty and Sensex closing higher. Midcap and small cap stocks outperformed the Nifty 50, indicating a broader market rally. However, some major IT and banking stocks like Tata Consultancy Services, Infosys, and Kotak Mahindra Bank witnessed a decline. Investors should keep a close watch on these sectors in the coming days.