Here are the top Nifty gainers and losers for the day:
1. At 12:14 pm, the Sensex was up 250 points at 65,881, while the Nifty was up 72.5 points or 0.37 percent at 19,618.50. About 1,869 shares advanced, 1,179 shares declined, and 95 shares remained unchanged.
2. Bajaj Finserv Ltd: Shares surged as the top gainer on the Nifty 50 after its subsidiary, Bajaj Finance, approved Rs 10,000 crore fundraising via QIP and preferential issue. Post the conversion of shares, Finserv's stake in the subsidiary company would rise to about 53 percent. The stock closed at Rs 1,629, marking a 5.6 percent increase on the NSE.
3. Bajaj Finance Ltd: Shares also rose significantly after the company approved Rs 10,000 crore fundraising via QIP and preferential issue. Post the conversion of shares, Finserv's stake in Bajaj Finance would rise to about 53 percent. The shares closed higher by 3.8 percent at Rs 8,150 on the NSE.
4. IndusInd Bank Ltd: Shares of the lender gained over 2 percent at Rs 1,422 during the session. The bank has maintained its market share of systemic advances, supported by its leadership position in the vehicle finance and MFI segments, which constitute 26 percent and 10 percent of its advances, respectively, as of 1QFY24.
5. Tata Consumer Products Ltd: Shares advanced and became one of the top gainers on the Nifty. The company aims for double-digit growth in its coffee business, driven by an expansion in both portfolio and reach. Share prices stood at Rs 871, marking a 1.5 percent increase on the NSE.
6. Titan Company Ltd: Shares surged, extending gains for a third consecutive day. The company's wearables business, focused on smart tech products under the Fastrack and Titan brands within Titan Company Limited, is set to broaden its current product offerings in the smartwatch and Truly Wireless (TWS) categories. Shares closed at Rs 3,305, up 2.8 percent.
7. ONGC Ltd: The stock price declined, making it the top loser on the Nifty index. In the last six months, the public sector unit behemoth has yielded a return of 20 percent. Volumes remained low, with only 29 lakh shares changing hands, compared to the 1-week average of 1 crore shares. The shares dropped 0.38 percent at Rs 181.5 on the NSE.
8. HUL Ltd: Shares of the largest FMCG player in the country traded lower in today's session, ending a gaining streak of four days. Volumes were relatively low at mid-day, with only three lakh shares changing hands compared to a monthly average of 18 lakh shares. Shares closed nearly 1 percent lower at Rs 2,499 on the NSE.
9. Bharti Airtel Ltd: Shares fell at mid-day after investors didn't react positively to the telecom major's plans to attract cricket fans ahead of the World Cup. The company launched two plans, including unlimited data for two days for Rs 99 and 6GB of additional data with one day validity for Rs 49. Shares traded down by 0.25 percent at Rs 925 on the NSE.
10. Asian Paints Ltd: Shares closed lower during today's session. Volumes traded lower than the weekly average, with only 9 lakh shares changing hands compared to 10 lakh shares. Shares closed at Rs 3,197, down by 0.29 percent during today's session.
11. Coal India Ltd: Shares slid to Rs 287, down by 0.64 percent in today's session after trading in green in the last trading session. Volumes remained low, with only 39 lakh shares changing hands compared to the 1-week average of 89 lakh shares.
Valiant Laboratories IPO GMP
1. At 12:14 pm, the Sensex was up 250 points at 65,881, while the Nifty was up 72.5 points or 0.37 percent at 19,618.50. About 1,869 shares advanced, 1,179 shares declined, and 95 shares remained unchanged.
2. Bajaj Finserv Ltd: Shares surged as the top gainer on the Nifty 50 after its subsidiary, Bajaj Finance, approved Rs 10,000 crore fundraising via QIP and preferential issue. Post the conversion of shares, Finserv's stake in the subsidiary company would rise to about 53 percent. The stock closed at Rs 1,629, marking a 5.6 percent increase on the NSE.
3. Bajaj Finance Ltd: Shares also rose significantly after the company approved Rs 10,000 crore fundraising via QIP and preferential issue. Post the conversion of shares, Finserv's stake in Bajaj Finance would rise to about 53 percent. The shares closed higher by 3.8 percent at Rs 8,150 on the NSE.
4. IndusInd Bank Ltd: Shares of the lender gained over 2 percent at Rs 1,422 during the session. The bank has maintained its market share of systemic advances, supported by its leadership position in the vehicle finance and MFI segments, which constitute 26 percent and 10 percent of its advances, respectively, as of 1QFY24.
5. Tata Consumer Products Ltd: Shares advanced and became one of the top gainers on the Nifty. The company aims for double-digit growth in its coffee business, driven by an expansion in both portfolio and reach. Share prices stood at Rs 871, marking a 1.5 percent increase on the NSE.
6. Titan Company Ltd: Shares surged, extending gains for a third consecutive day. The company's wearables business, focused on smart tech products under the Fastrack and Titan brands within Titan Company Limited, is set to broaden its current product offerings in the smartwatch and Truly Wireless (TWS) categories. Shares closed at Rs 3,305, up 2.8 percent.
7. ONGC Ltd: The stock price declined, making it the top loser on the Nifty index. In the last six months, the public sector unit behemoth has yielded a return of 20 percent. Volumes remained low, with only 29 lakh shares changing hands, compared to the 1-week average of 1 crore shares. The shares dropped 0.38 percent at Rs 181.5 on the NSE.
8. HUL Ltd: Shares of the largest FMCG player in the country traded lower in today's session, ending a gaining streak of four days. Volumes were relatively low at mid-day, with only three lakh shares changing hands compared to a monthly average of 18 lakh shares. Shares closed nearly 1 percent lower at Rs 2,499 on the NSE.
9. Bharti Airtel Ltd: Shares fell at mid-day after investors didn't react positively to the telecom major's plans to attract cricket fans ahead of the World Cup. The company launched two plans, including unlimited data for two days for Rs 99 and 6GB of additional data with one day validity for Rs 49. Shares traded down by 0.25 percent at Rs 925 on the NSE.
10. Asian Paints Ltd: Shares closed lower during today's session. Volumes traded lower than the weekly average, with only 9 lakh shares changing hands compared to 10 lakh shares. Shares closed at Rs 3,197, down by 0.29 percent during today's session.
11. Coal India Ltd: Shares slid to Rs 287, down by 0.64 percent in today's session after trading in green in the last trading session. Volumes remained low, with only 39 lakh shares changing hands compared to the 1-week average of 89 lakh shares.
