May 8, 2024: Hero Motocorp, Bharat Petroleum, Dr Reddys, and Asian Paints Lead the Charge in Today’s Stock Market Activity

  • The Nifty closed at 22,302.5, marking a slight decrease, while the Sensex ended 0.06% lower at 73,511.85.
  • The Nifty Midcap 50 and Nifty Small Cap 100 outperformed the Nifty 50, closing 0.98% and 0.57% higher respectively.
  • Top gainers in the Nifty index included Hero Motocorp, Bharat Petroleum Corporation, and Tata Motors, while the top losers were Dr Reddys Laboratories, Asian Paints, and Grasim Industries.

Get the latest insights on the Nifty and Sensex performance, with a detailed analysis of top gainers and losers in the stock market today.

Nifty and Sensex Performance Overview

The Nifty closed at 22,302.5, marking a slight decrease. Throughout the day, the Nifty reached a high of 22,368.65 and a low of 22,185.2. Meanwhile, the Sensex traded between 73,684.93 and 73,073.92 and ended 0.06% lower at 73,511.85, which was 45.46 points below the opening price.

Midcap and Small Cap Outperform Nifty 50

In comparison to the Nifty 50, the Nifty Midcap 50 performed better, closing 0.98% higher. Similarly, small-cap stocks outperformed the Nifty 50, with the Nifty Small Cap 100 ending at 16,367.05, up by 94.0 points or 0.57%.

Top Gainers and Losers in the Nifty Index

The top gainers in the Nifty index were Hero Motocorp (up 3.06%), Bharat Petroleum Corporation (up 2.65%), Tata Motors (up 2.38%), Power Grid Corporation Of India (up 2.29%), and Hindalco Industries (up 2.14%). On the other hand, the top losers in the Nifty index were Dr Reddys Laboratories (down 3.22%), Asian Paints (down 2.39%), Grasim Industries (down 1.80%), Ultratech Cement (down 1.68%), and Hindustan Unilever (down 1.61%).

Bank Nifty Performance

The Bank Nifty ended at 48,285.35, with an intraday high of 48,223.05 and a low of 47,851.15. The Bank Nifty’s performance over different time periods is as follows: – In the last 1 week: -2.46% – In the last 1 month: -1.15% – In the last 3 months: 6.68% – In the last 6 months: 9.99% – In the last 1 year: 10.94%.

Conclusion

Despite a slight decrease in the Nifty and Sensex, the Nifty Midcap 50 and Nifty Small Cap 100 showed promising performance. The stock market saw a mix of gainers and losers, with companies like Hero Motocorp, Bharat Petroleum Corporation, and Tata Motors leading the gains. Investors should keep a close eye on market trends and company performances to make informed decisions.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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