Stocks Soar and Drop: Key Market Changes You Should Know!

Stocks of Indian Card Clothing and others hit 52-week highs despite NSE Nifty dropping 332.25 points. Discover key market movements and top gainers.

market shutter 5

NEW DELHI: On Tuesday, the stocks of Indian Card Clothing, Kalyani Steels, Enviro Infra Engineering, RPP Infra Projects, and Rudrabhishek Enterprises reached new highs, hitting their best prices in 52 weeks during trading on the NSE (National Stock Exchange). Despite this, the main index, NSE Nifty, dropped by 332.25 points, closing at 24,336.0 due to selling pressure on major blue-chip companies.

On the downside, companies like Odigma Consultancy, Uttam Sugar Mills, Spandana Sphoorty, Avenue Supermart, and Asian Paints saw their stocks hit fresh lows, marking their worst prices in a year. In total, just one stock in the Nifty 50 index went up, while 49 fell.

Among the top gainers today in the Nifty 50 index were Cipla, Wipro, ITC, HUL, and Infosys. In contrast, Shriram Finance, Grasim Industries, Bharti Airtel, Hero MotoCorp, and JSW Steel concluded the day in the red zone, meaning their stock prices dropped.

The BSE Sensex dropped significantly, closing 1,064.12 points lower at 80,684.45. Traders showed interest in sectors like General Goods, Apparel, Beverages (Alcoholic), Engineering, and Non-Banking Financial Companies (NBFC), while there were sales in sectors like Diversified Industries, Irrigation, Cables, Education, and Industrial Supplies.

Comments

Leave a Reply