Government stocks held up on the stock marketImage credit source: Unsplash
There was an astonishing scene in the stock market today. The US Federal Reserve cut its policy interest rates by 0.50 percent after four years. In such a situation, its impact was seen in the global market. Indian stock markets also opened with an upward trend on Thursday morning, but by the end of the day the market returned to its previous level. Meanwhile, there were tremendous ups and downs as to who would emerge as the biggest winner and the biggest loser.
BSE Sensex hit a high of 83,773.61 points during Thursday’s trade but by the end of trade it closed at 83,184.80 points with a gain of just 236.57 points. Similarly, NSE Nifty also hit a high of 25,611.95 points. In the afternoon it closed at 25,415.80 points with a gain of 38.25 points.
This government action became the ‘king of the market’
Today, amid a volatile environment, the ‘market king’ got a government stake. NTPC was the top gainer on both BSE Sensex and NSE Nifty. Its share price closed at Rs 424 on BSE with a rise of 2.45 per cent. While on NSE its shares rose 2.38 per cent and closed at Rs 424. NTPC’s market capitalisation stood at Rs 4,11,138.64 crore.
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If we talk about the top five gainers, Kotak Bank, Titan, Nestle India and Hindustan Unilever gained on BSE. While on NSE, shares of Titan, Nestle India, Kotak Bank and Tata Communications rose the most respectively.
Adani Port suffered a huge loss
Adani Port was tagged as the top loser in the stock market today. The company’s shares settled at Rs 1,410, down 1.30 per cent on the BSE. Its market capitalisation touched Rs 3,04,579.59 crore. While the biggest faller was in the shares of Bharat Petroleum on NSE. It fell 3.41 per cent and touched Rs 324.65. Its mcap stood at Rs 1,40,739.94 crore.
Now, if we look at the top five losers, shares of L&T, TCS, JSW Steel and HCL Tech were the weakest on BSE, while shares of Coal India, ONGC, Adani Port and Shriram Finance registered the maximum fall on NSE.
