On Thursday, some companies saw their stock prices reach new highs. SRF, Navin Fluorine, Mangalam Global Enterprises, Power & Instrument, and Kalyani Forge all did well on the NSE (National Stock Exchange).
However, many big companies faced selling pressure, causing the Nifty index to drop 162.46 points, closing at 23,526.5. This shows mixed feelings among traders, as some stocks like Pritish Nandy, K P Energy, Odigma Consultancy, Mamata Machinery, and Lorenzini Apparels hit their lowest prices in a year.
In the Nifty 50 index, 16 stocks gained value, while 34 lost value. Notable gainers included Bajaj Auto, Nestle India, HUL, Britannia, and M&M. On the other hand, stocks like Shriram Finance, ONGC, BPCL, Coal India, and Tata Steel saw declines.
The BSE Sensex also fell, closing down by 528.28 points at 77,620.21. In short, while some companies thrived, others struggled as traders made moves in different sectors throughout the day.
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