India’s stock benchmarks Nifty50 and BSE Sensex continued their losing streak on Wednesday as investors turned cautious amid escalating geopolitical tensions and renewed concerns over possible tariff hikes by the United States.The decline was exacerbated by continued selling by foreign investors. At 12:21 pm, Nifty50 was trading at 26,101.25, down 77 points or 0.30%. BSE Sensex stood at 84,806.54, down 257 points or 0.30%. Here’s a look at the top gainers and losers on Nifty50 and BSE Sensex at 12 noon.
Top Nifty50 Gainers at 12:00 PM
- Titan Company – 4.69%
- Jio Financial Services – 2.07%
- HCL Technology – 1.75%
- Perpetual – 1.61%
- Wipro – 1.62%
- Tech Mahindra – 1.21%
- Infosys – 0.98%
- Apollo Hospital – 0.95%
- ICICI Bank – 0.92%
- Bajaj Auto – 0.88%
Top Nifty50 Losers at 12:00 PM
- Cipla – (-) 4.63%
- Tata Motors PV – (-) 2.2%
- Maximum healthcare – (-) 2.14%
- Kotak Bank – (-) 1.69%
- Maruti-Suzuki – (-) 1.53%
- InterGlobe – (-) 1.46%
- HDFC Bank – (-) 1.45%
- Electricity grid – (-) 1.35%
- HUL – (-) 1.2%
- Tata Steel – (-) 1.2%
Top BSE Sensex Gainers at 12:00 PM
- Titan Company – 4.76%
- HCL technology – 1.7%
- Perpetual – 1.59%
- Tech Mahindra – 1.19%
- Infosys – 0.96%
- ICICI Bank – 0.94%
- TCS – 0.72%
- Sun Pharma – 0.46%
- Nestlé India – 0.01%
Top BSE Sensex Losers at 12:00 PM
- IndusInd Bank – (-) 2.04%
- Kotak Bank – (-) 1.62%
- Maruti-Suzuki – (-) 1.54%
- InterGlobe – (-) 1.46%
- HDFC Bank – (-) 1.45%
- Electricity grid – (-) 1.34%
- HUL – (-) 1.19%
- Tata Steel – (-) 1.19%
- NTPC – (-) 1.18%
- Bharti Airtel – (-) 1.02%
‘Increasing geopolitical tensions and new tariff concerns have led to higher profit bookings, keeping risk appetite in check. As a result, the market is expected to remain largely range-bound, with stock-specific and sector-driven moves dominating trading rather than a broad directional trend,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth technology company.Asian markets were mixed, with South Korea’s Kospi and China’s SSE Composite trading higher, while Japan’s Nikkei 225 and Hong Kong’s Hang Seng were lower. U.S. stocks closed higher on Tuesday. In commodities, Brent crude fell 0.87 percent to $60.17 per barrel.Foreign institutional investors sold shares worth Rs 107.63 crore on Tuesday, stock exchange data showed. However, domestic institutional investors remained net buyers and bought shares worth Rs 1,749.35 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These views do not represent the views of The Times of India)
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