PSU Stocks Surge Upto 10% To Dominate Nifty 50 Gainers As Markets Scale New Highs

  • Benzinga India
  • Stock Market News
PSU Stocks Surge Upto 10% To Dominate Nifty 50 Gainers As Markets Scale New Highs
Credit: © Reuters.

Benzinga - In today’s trading session, Bharat Petroleum (NS: BPCL ) Corporation Ltd. led the way as the top gainer, while Eicher Motors found itself at the tail end of the spectrum.

BPCL stood out with a remarkable increase of 9.81%, closing at INR 558.35, significantly up from its last close at INR 508.45.

Stock Current Price Last Close % Change
Bharat Petroleum Corporation Ltd. ₹558.35 ₹508.45 9.81%
Power Grid (NS: PGRD ) Corporation of India Ltd. ₹277.1 ₹265.8 4.25%
Oil and Natural Gas (NS: ONGC ) Corporation Ltd. ₹257.25 ₹247.65 3.88%
Adani Ports and Special Economic Zone Ltd. ₹1261.45 ₹1218.85 3.5%
NTPC (NS: NTPC ) Ltd. ₹332.5 ₹322.0 3.26%

Power Grid Corporation of India and Oil and Natural Gas Corporation also showcased robust performances with increases of 4.25% and 3.88%. Adani Ports and Special Economic Zone and NTPC completed the list of top gainers with their stock prices rising by 3.50% and 3.26%, respectively.

Conversely, Eicher Motors emerged as the day’s most significant loser, with a decrease of 2.74%, closing at INR 3825.55.

Stock Current Price Last Close % Change
Eicher Motors Ltd. (NS: EICH ) ₹3825.55 ₹3933.2 -2.74%
Axis Bank (NS: AXBK ) Ltd. ₹1067.05 ₹1084.25 -1.59%
HDFC Life Insurance (NS: HDFL ) Company Ltd. ₹578.8 ₹587.1 -1.41%
HDFC Bank Ltd . (NS: HDBK ) ₹1446.15 ₹1466.35 -1.38%
Hindustan Unilever Ltd. (NS: HLL ) ₹2452.6 ₹2473.6 -0.85%

Axis Bank, HDFC Life Insurance Company, HDFC Bank, and Hindustan Unilever also faced declines, with respective decreases of 1.59%, 1.41%, 1.38%, and 0.85%.

The Nifty 50 surged 2%, reaching a new all-time high of 22,126.80, before retracting slightly to close with a gain of 156 points, or 0.72%, at 21,853.80. Similarly, the Sensex rose over 2% to hit an intraday high of 73,089.40 before settling at 72,085.63, up 440 points, or 0.61%. Notably, the oil & gas sector led the gains with a 4% increase, while other sectors like Information Technology, metal, realty, and power also witnessed notable upticks ranging from 1% to 2%. However, the bank index experienced a decline of 0.5%.

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