Produced by: Prashun Talukdar Designed by: Mohsin Shaikh
Benchmark indices settled with sharp gains on Wednesday. Headline index NSE Nifty closed at 19,675-level. Top gainers on the Nifty50 platform were Eicher Motors, Tech Mahindra, Hindalco, Infosys and Tata Motors while losers included Bajaj Finance, PowerGrid, IndusInd Bank, Dr Reddy's and Cipla.
Stocks such as HDFC Bank, ICICI Bank, Reliance Industries, Bajaj Finance and Coal India were most active on NSE today, in terms of value. Tata Steel and ONGC were the other buzzing stocks on the platform, in terms of volume.
Shares of Network18 Media & Investments emerged as the top gainer in the NSE 500 index. The stock jumped 10% on NSE today to settle at Rs 83.6.
Motilal Oswal Financial Services shares surged 8.25% to close at Rs 1,223.85. At this price, the company commanded a market capitalisation (m-cap) of Rs 18,142.1 crore.
Shares of Angel One gained 7.82% to end at Rs 3,035.1 today. The company's market cap came at Rs 25,465.4 crore.
Shares of Manappuram Finance rose 7.23% today to settle at Rs 150.5. The company's market valuation stood at Rs 12,738.8 crore.
Shares of Rajesh Exports fell sharply today. The stock dived 8.05% to close at Rs 403.4 on Wednesday.
Natco Pharma shares slipped 4.48% to end the session at Rs 758.65. The company's m-cap stood at Rs 13,588.2 crore today.
Shares of NMDC were also among top gainers in the NSE 500 pack today. NMDC's stock declined 3.11% to settle at Rs 169.8. The company's market cap was at Rs 49,761.7 crore.
"Nifty has decisively crossed the trendline hurdle and looks set to test 19,850 now. Interestingly, noticeable contributions from heavyweights like Reliance, Infosys and TCS, which were on the sidelines, largely fuelled the up move. And, we expect their participation to continue thus reiterating our view to maintain a 'buy on dips' approach and focus on stock selection," said Ajit Mishra, SVP - Technical Research at Religare Broking.
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position