• Wed. Feb 28th, 2024
Today’s top gainers, losers: Ultratech Cement, Infosys, Tech Mahindra, Wipro, TCS;  Check out the full list here

Both the Sensex and Nifty 50 closed on a flat note in Tuesday’s session, however, midcap and smallcap stocks extended their gains to touch another fresh lifetime high. Traders will closely monitor RBI’s monetary policy decisions scheduled by the end of the current week.

Both the Sensex and Nifty 50 closed on a flat note in Tuesday’s session, however, midcap and smallcap stocks extended their gains to touch another fresh lifetime high. Traders will closely monitor RBI’s monetary policy decisions scheduled by the end of the current week.

The Sensex ended up 5.41 points, or 0.01 percent, at 62,792.88. The Nifty 50, meanwhile, closed up 5.15 points, or 0.03 per cent, at 18,599.

The Sensex ended up 5.41 points, or 0.01 percent, at 62,792.88. The Nifty 50, meanwhile, closed up 5.15 points, or 0.03 per cent, at 18,599.

After touching an all-time high of 27,475.78 and 31,193.01, BSE Midcap and Smallcap gained 80 points and 131.5 points respectively.

After touching an all-time high of 27,475.78 and 31,193.01, BSE Midcap and Smallcap gained 80 points and 131.5 points respectively.

In terms of sectoral indices, the BSE IT index fell by around 486 points. Auto stocks were the best performers on the BSE with the index gaining 371 points, while capital goods gained 233 points, Bankex gained 203 points and the healthcare index gained 141 points. The Bank Nifty ended 63 points higher at 44,164.55.

In terms of sectoral indices, the BSE IT index fell by around 486 points. Auto stocks were the best performers on the BSE with the index gaining 371 points, while capital goods gained 233 points, Bankex gained 203 points and the healthcare index gained 141 points. The Bank Nifty ended 63 points higher at 44,164.55.

Talking about the latest performance, Vinod Nair, Head of Research, Geojit Financial Services said, “The domestic market experienced profit booking due to selling pressure in the IT sector. IT stocks edged lower on expectations of lower spending. However, a rally in autos and banks helped recoup losses.

Talking about the latest performance, Vinod Nair, Head of Research, Geojit Financial Services said, “The domestic market experienced profit booking due to selling pressure in the IT sector. IT stocks edged lower on expectations of lower spending. However, a rally in autos and banks helped recoup losses.

Today around 1,924 stocks advanced, 1,611 stocks declined and 124 stocks remained unchanged. A total of 207 stocks touched a 52-week high, while on the other hand, 31 stocks touched a one-year low.

Today around 1,924 stocks advanced, 1,611 stocks declined and 124 stocks remained unchanged. A total of 207 stocks touched a 52-week high, while on the other hand, 31 stocks touched a one-year low.

Here is the list of top gainers and losers during Tuesday’s trading session.

Sensex:

Top gainers: Ultratech Cement (+2.93%), Axis Bank (+1.90%), Kotak Bank (+1.88%), Tata Motors (+1.68%), Maruti Suzuki (+1.57%).

Here is the list of top gainers and losers during Tuesday’s trading session.

Sensex:

Top gainers: Ultratech Cement (+2.93%), Axis Bank (+1.90%), Kotak Bank (+1.88%), Tata Motors (+1.68%), Maruti Suzuki (+1.57%).

Top losers: Infosys (-1.98%), Tech Mahindra (-1.88%), TCS (-1.69%), Wipro (-1.09%), Bharti Airtel (-0.62%).

Top losers: Infosys (-1.98%), Tech Mahindra (-1.88%), TCS (-1.69%), Wipro (-1.09%), Bharti Airtel (-0.62%).

Nifty 50:

Top gainers: Ultratech Cement (+2.91%), Divis Lab (+2.23%), Kotak Bank (+1.94%), Grasim (+1.74%), Tata Motors (+1.60%).

Nifty 50:

Top gainers: Ultratech Cement (+2.91%), Divis Lab (+2.23%), Kotak Bank (+1.94%), Grasim (+1.74%), Tata Motors (+1.60%).

Top losers: Tech Mahindra (-1.92%), Infosys (-1.82%), TCS (-1.60%), Wipro (-1.04%), ONGC (-1%).

Top losers: Tech Mahindra (-1.92%), Infosys (-1.82%), TCS (-1.60%), Wipro (-1.04%), ONGC (-1%).

Commenting on the fall in IT stocks, Manish Chaudhary Research Stockbox said, “The sector came under pressure after US software solutions company EPAM Systems announced yesterday that it was cutting its second-quarter and full-year outlook. Moreover, we believe the recent bounce in IT sector stocks has been largely driven by gains in US technology stocks, particularly the Nasdaq Composite. Investors turn to some profit booking.”

Commenting on the fall in IT stocks, Manish Chaudhary Research Stockbox said, “The sector came under pressure after US software solutions company EPAM Systems announced yesterday that it was cutting its second-quarter and full-year outlook. Moreover, we believe the recent bounce in IT sector stocks has been largely driven by gains in US technology stocks, particularly the Nasdaq Composite. Investors turn to some profit booking.”

BSE:

Top gainers: Meghmani Finechem (+14.49%), HBL Power Systems (+12.11%), Sarada Cropchem (+10.92%), Aegis Logistics (+9.08%), Sporting India (+8.26%).

BSE:

Top gainers: Meghmani Finechem (+14.49%), HBL Power Systems (+12.11%), Sarada Cropchem (+10.92%), Aegis Logistics (+9.08%), Sporting India (+8.26%).

Top losers: Indo Count Industries (-4.72%), Coforge (-3.81%), Cient (-3.75%), Emphasis (-3.56%), Philatex India (-3.35%).

Top losers: Indo Count Industries (-4.72%), Coforge (-3.81%), Cient (-3.75%), Emphasis (-3.56%), Philatex India (-3.35%).

NSE:

Top gainers: Asahi Songwon and Man Aluminum touched 20% of the upper circuit. HBL Power (+14.06%), Nelco (+13.47%), Vardhaman Acrylics (+13.45%).

NSE:

Top gainers: Asahi Songwon and Man Aluminum touched 20% of the upper circuit. HBL Power (+14.06%), Nelco (+13.47%), Vardhaman Acrylics (+13.45%).

Top losers: Praxis Home Retail-RE (-38.46%), Sky Gold lower circuit by 20%, Giscol Alloys (-9.52%), Tirupati Forge (-9.29%), Suratwala Business Group (-6.39%).

Top losers: Praxis Home Retail-RE (-38.46%), Sky Gold lower circuit by 20%, Giscol Alloys (-9.52%), Tirupati Forge (-9.29%), Suratwala Business Group (-6.39%).

Going forward, Nair added, “The general consensus that the rate freeze will continue will have a significant impact on the RBI’s growth and inflation forecasts following the MPC meeting.

Going forward, Nair added, “The general consensus that the rate freeze will continue will have a significant impact on the RBI’s growth and inflation forecasts following the MPC meeting.

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