On May 27, the Indian stock market started the week with high anticipation and moderate finishes as both Nifty 50 and Sensex set new record highs during the trading session after a bullish week on the week ending May 24th. Opening with positive momentum, the Nifty 50 reached an all-time intraday high of 23,110.80, and the Sensex peaked at 76,009.68. However, despite the strong start, the day ended nearly flat due to significant profit booking at higher levels. Nifty 50 concluded the session at 22,932.45, reflecting a slight increase of 0.11%, while Sensex slightly adjusted by 0.026% to close at 75,390.50.
Here are some of the top gainers for the day that helped the Indices get to fresh highs today.
DIVISLAB
DIVISLAB showed a strong performance today, starting at an opening price of 4,298.75 and reaching a high of 4,359.00 before settling at 4,245.55. Despite the market’s general trend of profit booking, DIVISLAB managed a notable intraday gain of 2.99%.
INDUSINDBK
The shares of INDUSINDBK were traded actively, with the stock opening at 1,447.85 and hitting a high of 1,475.60. The day’s trading concluded with the stock at 1,461.90, marking a growth of 1.39% from its previous close.
ADANI PORTS
The stock witnessed a steady rise in its share price, initiating the day at 1,445.00, reaching a high of 1,457.05, and closing at 1,432.70. This increased by 1.17%, highlighting a positive trading session.
AXIS BANK
Axis Bank opened the day at 1,178.90 and climbed to a high of 1,196.00. The stock eventually closed at 1,187.25, slightly up by 1.13% compared to its previous session.
LTIM
Starting the trading day at 4,849.95, LTIMindtree Ltd reached a high of 4,915.20 and closed at an impressive 4,890.00, gaining 1.04% over the day.
BAJFINANCE
BAJFINANCE opened at 6,859.00 and touched a high of 6,959.55 before concluding at 6,895.00, marking a modest increase of 0.85%.
HINDALCO
HINDALCO’s trading began at 685.05, reaching a high of 689.50, and ending the day at 678.50, which is a slight gain of 0.78%.
HDFCBANK
HDFCBANK shares opened at 1,523.35, reached a high of 1,545.00, and closed slightly higher at 1,528.00, reflecting a growth of 0.71%.
LT
L&T started the day at 3,644.90, peaked at 3,695.00, and finally settled down at 3,647.90, recording an upward movement of 0.58%.
SBIN
State Bank of India (SBIN) opened at 832.60, reached an intraday high of 839.40, and concluded at 833.35, showing a minimal change of 0.57%.
Today’s stock market performance encapsulates a scenario where early gains set by record highs eventually succumbed to profit-booking, indicating a cautious approach by investors amid mixed global signals. This strategic selling at higher levels suggests a market sentiment that, while optimistic, remains vigilant of the ongoing economic and geopolitical contexts.
