🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

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

Published 29-01-2024, 04:50 pm
© Reuters ONGC, Reliance Lead Gainers As Markets Start Budget Week With A Bang

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%.

Read Next: Adani Ent ‘Too Big To Ignore’: U.S. Brokerage Sees 51% Upside For Firm

Engineered by Benzinga Neuro, Edited by

Utkarsh Roshan

The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you.

Learn more.

Original Article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.