ONGC, Reliance Lead Gainers As Markets Start Budget Week With A Bang

  • Benzinga India
  • Stock Market News
ONGC, Reliance Lead Gainers As Markets Start Budget Week With A Bang
Credit: © Reuters.

Benzinga - In Monday’s trading session, the NIFTY 50 index experienced dynamic shifts, with Oil and Natural Gas (NS: ONGC ) Corporation and Cipla emerging as the top gainer and the biggest loser, respectively.

ONGC led the gainers with a significant surge of 7.88%, closing at ₹252.50, up from its last close at ₹234.05.

Stock Current Price Last Close % Change
Oil and Natural Gas Corporation Ltd. ₹252.5 ₹234.05 7.88%
Reliance Industries Ltd (NS: RELI ). ₹2896.1 ₹2706.15 7.02%
Coal India (NS: COAL ) Ltd. ₹412.8 ₹389.4 6.01%
Adani Enterprises Ltd. (NS: ADEL ) ₹3064.65 ₹2893.6 5.91%
Adani Ports and Special Economic Zone Ltd. ₹1196.65 ₹1146.3 4.39%

Reliance Industries followed with a 7.02% increase in its stock price, closing at ₹2,896.10. Coal India, Adani Enterprises, and Adani Ports and Special Economic Zone also showed strong performance with increases of 6.01%, 5.91%, and 4.39%, respectively.

Conversely, Cipla emerged as the biggest loser, with a decrease of 2.39% in its stock price to ₹1,336.85.

Stock Current Price Last Close % Change
Cipla Ltd. (NS: CIPL ) ₹1336.85 ₹1369.65 -2.39%
ITC Ltd (NS: ITC ). ₹449.8 ₹455.65 -1.28%
Larsen & Toubro Infotech Ltd. ₹5448.35 ₹5494.65 -0.84%
Infosys Ltd (NS: INFY ). ₹1656.6 ₹1669.1 -0.75%
Bajaj Auto (NS: BAJA ) Ltd. ₹7548.8 ₹7597.5 -0.64%

Other stocks experiencing declines included ITC, LTIMindtree (NS: LTIM ), Infosys, and Bajaj Auto, with respective decreases of 1.28%, 0.84%, 0.75%, and 0.64%.

On January 29, Indian equity indices rebounded strongly, with the Nifty and Sensex surging nearly 2% each, fueled by broad-based buying across sectors and heavyweight stocks. The Sensex gained 1,240.90 points, or 1.76%, closing at 71,941.57, while the Nifty rose 385.00 points, or 1.80%, to settle at 21,737.60. The oil & gas sector led the gains with a 5% surge, followed by a 3% rise in the power sector and a 2% increase in the capital goods sector. Additionally, the BSE Midcap index climbed 1.7%, while the Smallcap index advanced by 1%.

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