Tata Stock Jumps 3% To Lead Nifty 50 Gainers

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Tata Stock Jumps 3% To Lead Nifty 50 Gainers

Benzinga - The star performer on Tuesday was Tata Motors (NS: TAMO ), with a notable 3.51% increase, closing at ₹1,021.90. The stock outperformed its previous close of ₹987.20, marking a significant uptick.

Following closely was Bharti Airtel (NS: BRTI ), which saw a 3.12% rise in its stock price. The telecom giant ended the trading session at ₹1168.90, compared to its last close at ₹1133.50.

Company Name Current Price Last Close % Change
Tata Motors ₹1021.90 ₹987.20 3.51%
Bharti Airtel ₹1168.90 ₹1133.50 3.12%
Bajaj Auto (NS: BAJA ) ₹8351.75 ₹8207.30 1.76%
Oil and Natural Gas (NS: ONGC ) Corporation ₹283.75 ₹279.20 1.63%
State Bank of India (NS: SBI ) ₹783.95 ₹772.05 1.54%

Two-wheeler manufacturer Bajaj Auto also had a good run with a 1.76% increase, closing at ₹8351.75. The stock had closed at ₹8207.30 in the previous trading session.

Public sector entities Oil and Natural Gas Corporation (ONGC) and State Bank of India (NS: BOI ) (SBI) also had a positive day, gaining 1.63% and 1.54% respectively. ONGC closed at ₹283.75, while SBI ended the day at ₹783.95.

Company Name Current Price Last Close % Change
Bajaj Finserv (NS: BJFS ) ₹1550.50 ₹1619.30 -4.25%
Bajaj Finance (NS: BJFN ) ₹6324.25 ₹6602.45 -4.21%
Nestlé India ₹2538.65 ₹2589.10 -1.95%
Infosys (NS: INFY ) ₹1606.50 ₹1637.20 -1.88%
SBI Life Insurance (NS: SBIL ) ₹1491.25 ₹1517.95 -1.76%

On the flip side, Bajaj Finserv emerged as the biggest loser, with a decline of 4.25%. The stock closed at ₹1,550.50, compared to its last close at ₹1,619.30. Another major setback was for Bajaj Finance, which saw a drop of 4.21%, closing at ₹6,324.25. The stock had previously closed at ₹6,602.45.

FMCG major Nestlé India also faced a downturn, with a 1.95% decrease in its stock price. The stock ended the day at ₹2538.65, compared to its last close at ₹2589.10.

IT giant Infosys and insurance provider SBI Life Insurance also experienced a dip in their stock prices, with a decline of 1.88% and 1.76% respectively. Infosys closed at ₹1606.50, while SBI Life Insurance ended the day at ₹1491.25.

After a volatile trading session, the Indian benchmark indices closed lower. The Sensex ended the day down 195.16 points or 0.26% at 73,677.13, while the Nifty was down 49.30 points or 0.22% at 22,356.30.

The sectoral performance was mixed, with the auto index gaining 1.3% led by Tata Motors and Bajaj Auto and the PSU Bank index rising by 2.5%. On the other hand, the IT and FMCG indices shed 1% each, while sectors like oil & gas, power, and realty managed to gain around 0.5% each.

Read Next: Bajaj Auto’s ₹4,000 Share Buyback Plan: Here’s How High Rajiv Bajaj Thinks Share Price Should Climb

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