The Indian stock market witnessed moderate advances today, continuing its uptrend from last week, with both the Nifty 50 and the BSE Sensex registering gains. The Nifty 50 closed at 22,597.80, up by 68.75 pts, 0.31%, moving between a low of 22,483.15 and a high of 22,629.50. Similarly, the BSE Sensex ended the day at 74,221.06, marking an increase of 267.75 pts, 0.36%, and ranged from 73,860.33 to 74,307.7
Let’s now dive broadly and look at Nifty 50 top 5 gainer stocks and top 5 loser stocks having covered the top 10 best-performing stocks of May 22, 2024
CIPLA
Cipla emerged as one of the top gainers in today’s trading, with its last trading price (LTP) hitting 1482.5, a growth of 2.79%. The pharmaceutical giant saw a trading volume of 42,16,347, indicating strong investor interest possibly driven by positive developments within the healthcare sector or favorable regulatory news.
TATA CONSUMER
Following closely, Tata Consumer Products Limited recorded an LTP of 1121.4, up by 2.51%. The company’s shares moved amidst a volume of 20,92,291, showcasing its continued resilience and investor confidence in its consumer goods portfolio, especially in a market environment leaning towards essential services.
HINDUNILVR
Hindustan Unilever Limited also saw positive movement, with its shares up by 2.29% to an LTP of 2366. The FMCG leader traded volume hit 19,14,951 times today, underscoring its solid market positioning and consistent performance even in fluctuating market conditions.
COAL INDIA
Coal India Limited wasn’t far behind, with its stock price increasing by 2.28% to an LTP of 501.55. A total of 2,83,46,931 shares were traded, possibly influenced by sector-specific shifts or governmental policies impacting the energy sector.
RELIANCE
Reliance Industries Limited, always a focal point for investors, advanced by 1.70% to an LTP of 2921. The trading volume reached 51,40,902, reflecting ongoing investor trust in its diversified operations and strategic business expansions.
Nifty 50 Top 5 Losers
SHRIRAM FIN
On the other end of the spectrum, Shriram Finance Limited experienced a decrease, down 1.53% with an LTP of 2397. The finance sector has been volatile and Shriram’s trading volume of 6,93,109 might indicate a cautious approach from the investors.
APOLLO HOSP
Apollo Hospitals Enterprise Limited saw its shares decrease by 1.32% to an LTP of 5870. Despite the negative turn, the volume of 7,35,701 suggests that the health services sector remains a key area of focus for market watchers.
HINDALCO
Hindalco Industries Limited also faced a downturn, losing 1.17% at an LTP of 685.5. With a volume of 80,04,434, the metals and mining company reflects the broader challenges faced by the industrial sectors amidst economic adjustments.
HEROMOTOCO
Hero Motocorp Ltd declined by 1.12% to an LTP of 4997. The multinational motorcycle and scooter manufacturer traded 4,22,638 shares today, continues to navigate through the intensely competitive motor industries landscape.
HDFC LIFE
Lastly, HDFC Life Insurance Company Limited rounded out the top losers, with a decrease of 0.86% to an LTP of 560.75. The insurer’s trade volume of 38,20,060 points to significant activity, likely driven by shifts in investor sentiment towards the insurance sector amidst changing regulatory and market conditions.
