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Top Nifty gainers and losers: HCL Tech, Dr Reddy's jump, Adani Ports, Hero Motocorp tumble

About 894 shares advanced, 2,295 shares declined and 109 shares were unchanged

October 09, 2023 / 16:18 IST
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1/11
The Sensex was down 483 points or 0.73 percent at 65,512.54, and the Nifty was down 157 points or 0.8 percent at 19,497. About 968 shares advanced, 2,701 shares declined and 129 shares were unchanged. 
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2/11
HCL Tech Ltd: Shares of the IT major rose ahead of its second-quarter earnings scheduled for October 12. At mid-day, HCL is the top gainer on the Nifty. Kunal Shah of Carnelian has said that the margin pressure is behind which IT has been facing for quite some time. Trading volumes were lower by about 7 lakh shares, and about 18 lakh shares changed hands today. Shares closed at Rs 1,249, up almost a percent higher from the previous close on the NSE. 
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3/11
Dr Reddy's Laboratories Ltd: Shares of the pharma major gained over a percent in today's session, making it one of the top gainers on the index. Despite the recent upward trajectory, 'buy' calls on the Dr Reddy stock fell to 18 from 36, as valuations appear to have run ahead of the limited growth opportunities. The shares closed at Rs 5,486, up 1.2 percent on the NSE. 
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4/11
Tata Consumer Products Limited: Shares ended higher, gaining for the second day in a row. Volumes were also healthy today as 12 lakh shares changed hands as against the 1 week average of 9 lakh shares. At the close, the stock traded at Rs 880, 0.6 percent higher on the NSE.
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5/11
ONGC Ltd: Shares darted up after oil prices gained over 4 percent today at $87 per barrel, marking a significant reversal from the 8 percent fall observed the previous week. the surge comes after Hamas, a militant organization, attacked Israel escalating geopolitical tensions in the Middle East. In today's session, the share price ended higher by 0.4 percent at Rs 182 on the NSE. 
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6/11
Hindustan Unilever Ltd: Shares of the FMCG bellwether traded higher in today's session, recovering marginally after the stock fell nearly 1 percent on Friday. The stock price closed at Rs 2,508, up 0.3 percent from the previous close on the NSE.
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7/11
Adani Ports Ltd: Shares of the company tanked and became the top loser on the Nifty. The drop comes amid rising geopolitical tensions following the attack by Hamas on Israel. Earlier in the year, Adani Ports acquired Israel's Haifa Port. Given the emergency in the state, Israel has closed the port after it declared a state of war for the first time since 1973. At the close, the shares tanked 5.1 percent at Rs 788.
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8/11
HDFC Life Insurance Company Ltd: Shares tanked nearly 3 percent at Rs 614 in today's session. Volumes were also high as 34 lakh shares changed hands as against the 1 month average of 31 lakh shares changes hands.
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9/11
Hero Motocorp Ltd: Shares of the 2-wheeler tanked 2.5 percent at Rs 2,962 in today's session after sources told CNBC-TV18 that the Vasant Kunj Police Station filed a first information report (FIR) against the company and officials. The FIR relates to an old matter dating back before 2010, the source added.
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10/11
Mahindra and Mahindra Lyd: Shares tanked 2.2 percent at Rs 1,515 after investors booked a profit. Shares traded lower after gaining for two consecutive days on the NSE. Volumes were high today as 21 lakh shares changed hands against the 18 lakh shares in the last trading session. 
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11/11
Tata Steel Ltd: Shares of the steel major tanked 2 percent at Rs 123 in today's session after reporting a drop delivery volumes fall in Q2.
Veer Sharma
first published: Oct 9, 2023 12:36 pm

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