Top Gainers and Losers in the Stock Market: Bajaj Twins and Bharti Airtel Surge, Tech Mahindra and Eicher Motors Falte

Sensex and Nifty 50 reached new all-time highs, although the overall market gains were tempered by divergent trends in different sectors. The automotive and oil & gas stocks experienced losses, whereas the information technology (IT) and banking sectors performed strongly.

Share Market News Updates: Sensex and Nifty 50 continued their upward trajectory, reaching new record highs. However, the overall gains were limited due to mixed performance across different sectors. Auto and oil & gas stocks faced losses, while IT stocks performed well in anticipation of upcoming quarterly results, starting with TCS next week. Banking and consumer durable stocks also saw substantial gains. Midcap stocks, on the other hand, were under pressure.

The Sensex closed at 65,479.05, up 274 points or 0.42%, while the Nifty 50 settled at 19,389, rising by 66.45 points or 0.34%.

Earlier in the day, both the Sensex and Nifty 50 hit new lifetime highs at 65,672.97 and 19,434.15 respectively.

Vinod Nair, Head of Research at Geojit Financial Services, noted that while the market remains optimistic, profit-booking tendencies are observed as the recent rally pushed the market to historic new highs. The market momentum has shifted from frontliners to sectors like IT, commodities, and PSUBs.

Nair further mentioned that the market is taking a breather ahead of the upcoming Q1 results. Pharma and banking sectors displayed positive trends, whereas the auto sector experienced selling pressure due to mixed sales data for June.

Out of the 3,623 stocks listed on BSE, approximately 1,643 stocks advanced, 1,860 stocks declined, and 120 stocks remained unchanged. Moreover, 196 stocks hit new 52-week highs, while 44 stocks touched new 52-week lows.

Here are the stocks that saw the most significant gains and losses on July 4th during the trading session:

During the trading session on July 4th, the Sensex witnessed notable gains and losses. Some of the top gainers included Bajaj Finance (+7.17%), Bajaj Finserv (+5.76%), Tech Mahindra (+2.39%), Sun Pharma (+1.61%), and NTPC (+1.54%). On the other hand, the top losers comprised Bharti Airtel (-1.54%), Axis Bank (-1.18%), Reliance Industries (-1.03%), IndusInd Bank (-0.89%), and Tata Steel (-0.57%).

Nifty 50:
In the Nifty 50 index, there were notable gainers and losers during the trading session. The top gainers included Bajaj Finance (+7.30%), Bajaj Finserv (+5.71%), Hero MotoCorp (+4.70%), Tech Mahindra (+2.46%), and Sun Pharma (+2.01%). On the other hand, the top losers consisted of Eicher Motors (-6.06%), Bharti Airtel (-1.46%), Grasim (-1.46%), Axis Bank (-1.12%), and Reliance Industries (-1.06%).

In the BSE (Bombay Stock Exchange), certain stocks stood out as top gainers and losers during the trading session. The notable gainers were Genus Power Infrastructures (+8.80%), FDC (+7.42%), Bajaj Finance (+7.17%), Tata Teleservices (+6.70%), and J&K Bank (+6.04%). On the other hand, the top losers included IOL Chemicals & Pharmaceuticals (-8.42%), Eicher Motors (-6.26%), Anant Raj (-4.52%), South Indian Bank (-3.61%), and Sindhu Trade Links (-3.28%).

In the NSE (National Stock Exchange), several stocks emerged as top gainers and losers during the trading session. Notable gainers included Bedmutha Industries, HPL Electric, and Alankit, each settling at their respective upper circuit limit of 20%. Swelect Energy Systems (+16.34%) and Aster DM Healthcare (+16.17%) also experienced significant gains.

On the other hand, the top losers consisted of Excel Realty N Infra (-12.50%), IOL Chemicals and Pharma (-8.17%), HMA Agro Industries (-7.33%), Mold-Tek Technologies (-6.94%), and ADF Foods (-6.75%).