- The Nifty closed at 22888.15, down by 0.8% today.
- The Sensex traded between 74986.22 and 74454.55, closing 0.89% down at 75170.45.
- Midcap and Small Cap indices outperformed the Nifty 50.
Get the latest insights on today’s stock market performance, including top gainers and losers, and detailed index analysis.
Market Overview: Nifty and Sensex Performance
Today, the Nifty closed at 22888.15, marking a 0.8% decline. Throughout the trading session, the Nifty touched a high of 22825.5 and a low of 22685.45. Similarly, the Sensex experienced a volatile day, trading between 74986.22 and 74454.55, ultimately closing 0.89% down at 75170.45, which was 667.55 points below the opening price.
Midcap and Small Cap Indices Outperform
The Midcap index showed resilience by outperforming the Nifty 50, with the Nifty Midcap 50 closing only 0.18% down. Small cap stocks also demonstrated strength, as the Nifty Small Cap 100 ended at 16875.6, up by 10.4 points or 0.06% higher. This performance indicates a stronger investor interest in midcap and small cap stocks compared to the large-cap counterparts.
Top Gainers and Losers in Nifty
The top gainers in the Nifty index today were Hindalco Industries (up 3.52%), Power Grid Corporation Of India (up 1.57%), Divis Laboratories (up 1.27%), Nestle India (up 1.00%), and Sun Pharmaceutical Industries (up 0.96%). On the other hand, the top losers were HDFC Life Insurance Company (down 2.87%), SBI Life Insurance Company (down 2.62%), ICICI Bank (down 2.21%), Tata Consumer (down 2.21%), and Tech Mahindra (down 2.18%).
Bank Nifty Performance
The Bank Nifty ended at 49142.15, with an intraday high of 49022.6 and a low of 48401.55. The Bank Nifty’s performance over various time frames is as follows:
- In the last 1 week: 1.54%
- In the last 1 month: -1.83%
- In the last 3 months: 5.2%
- In the last 6 months: 8.87%
- In the last 1 year: 9.5%
Detailed Analysis of Top Gainers and Losers
Here is the list of top gainers and losers during the trading session on May 29, 2024:
Sensex
Top Gainers: Power Grid Corporation Of India (up 1.52%), Sun Pharmaceutical Industries (up 0.92%), Nestle India (up 0.71%), ITC (up 0.44%), Bharti Airtel (up 0.26%)
Top Losers: Tech Mahindra (down 2.35%), ICICI Bank (down 2.19%), Axis Bank (down 1.92%), Bajaj Finserv (down 1.89%), HDFC Bank (down 1.48%)
Nifty
Top Gainers: Hindalco Industries (up 3.52%), Power Grid Corporation Of India (up 1.57%), Divis Laboratories (up 1.27%), Nestle India (up 1.00%), Sun Pharmaceutical Industries (up 0.96%)
Top Losers: HDFC Life Insurance Company (down 2.87%), SBI Life Insurance Company (down 2.62%), ICICI Bank (down 2.21%), Tata Consumer (down 2.21%), Tech Mahindra (down 2.18%)
Nifty MidCap 50
Top Gainers: Suzlon Energy, Jubilant Foodworks, Au Small Finance Bank, L&T Finance Holdings, Vodafone Idea
Top Losers: HDFC Asset Management Company, Ashok Leyland, Tube Investments Of India, Hindustan Petroleum Corporation, Astral
Nifty Small Cap 100
Top Gainers: Cochin Shipyard, Baheti Recycling Industries, Housing & Urban Development Corporation, Great Eastern Shipping Company, Finolex Cables
Top Losers: PNB Housing Finance, Ujjivan Small Finance Bank, Arham Technologies, Narayana Hrudayalaya, ITI
BSE
Top Gainers: Sumitomo Chemical India (up 8.79%), Grindwell Norton (up 8.70%), Eid Parry India (up 8.18%), BHARAT DYNAMICS (up 5.99%), Cochin Shipyard (up 5.92%)
Top Losers: IFB Industries (down 9.94%), Hatsun Agro Product (down 8.39%), EIGHTY JEWELL-MT (down 7.58%), PNB Housing Finance (down 6.69%), ICICI Prudential Life Insurance Company (down 4.41%)
NSE
Top Gainers: Sumitomo Chemical India (up 9.03%), Grindwell Norton (up 8.33%), Eid Parry India (up 8.28%), BHARAT DYNAMICS (up 6.01%), Finolex Industries (up 5.75%)
Top Losers: Master Components (down 7.06%), PNB Housing Finance (down 6.61%), Schneider Electric Infrastructure (down 5.00%), Pritika Engineering Components (down 4.95%), Ujjivan Small Finance Bank (down 4.90%)
Conclusion
Today’s market performance highlighted a mixed sentiment among investors, with midcap and small cap stocks showing relative strength. The detailed analysis of top gainers and losers provides valuable insights into the market dynamics. Investors should keep an eye on these trends and adjust their portfolios accordingly to navigate the market effectively.
