Produced by: Prashun Talukdar Designed by: Mohsin Shaikh
Benchmark indices fell on Friday, dragged by banks, financials and energy stocks. Headline index NSE Nifty settled below 19,750-level. Top losers on the Nifty50 platform were State Bank of India (SBI), Axis Bank, ONGC, BPCL and Bajaj Finance while gainers included SBI Life Insurance, Apollo Hospitals, HDFC Life, L&T and Tata Consumer Products.
Stocks such as SBI, HDFC Bank, Bajaj Finance, Axis Bank and ICICI Bank were most active on NSE, in terms of value. Tata Steel, PowerGrid and Coal India were the other buzzing stocks on the platform, in terms of volume.
Shares of RBL Bank emerged as the top laggard in the NSE 500 index. The stock dived 7.76% on NSE today to settle at Rs 234.8.
L&T Finance Holdings shares declined 5.71% to close at Rs 141.15. At this price, the company commanded a market capitalisation (m-cap) of Rs 35,093.7 crore.
Shares of Aditya Birla Capital slipped 5.66% to end at Rs 170.95 today. The company's market cap came at Rs 44,437.5 crore.
Shares of SBI Cards and Payment Services fell 5.14% today to settle at Rs 732.85. The company's market valuation stood at Rs 69,609 crore.
Shares of Tata Investment Corporation rose sharply today. The stock jumped 20% to close at Rs 3,908.9 on Friday.
Varroc Engineering shares surged 16.88% to end the session at Rs 554.75. The company's m-cap stood at Rs 8,475.8 crore today.
Shares of Saregama India were also among top gainers in the NSE 500 pack today. Saregama's stock gained 9.75% to settle at Rs 372. The company's market cap was at Rs 7,172.5 crore. FSN E-Commerce Ventures (Nykaa's parent), Ircon International, Solar Industries and PCBL were some of the other gainers.
"Nifty needs a decisive break from 19,200-19,500 levels for the next move. Meanwhile, stay focused on identifying the sectors and themes that are performing well and utilize intermediate dips to add quality stocks," said Ajit Mishra, SVP - Technical Research at Religare Broking.
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