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Market Pulse: Top Gainers and Losers of October 28, 2024 – Shriram Finance and Adani Enterprises Shine Amid Market Fluctuations!

February 21, 2025
Smart Money

Stock Market Update: Top Gainers and Losers for October 28, 2024

Market Overview
On October 28, 2024, the Indian stock market saw a noteworthy upward trend, with the Sensex gaining 602.75 points or 0.76%, closing at 79,402.29. The Nifty index also performed well, ending up 158.35 points or 0.65%, at 24,180.80. The day’s trading session reflected considerable intraday fluctuations, with the Nifty hitting a peak of 24,492.6 and a low of 24,134.9. The Midcap and Small Cap indices witnessed robust activity as well, with the Nifty Midcap 50 closing up by 0.81% and the Nifty Small Cap 100 recording a significant increase of 1.2%.

Performance Snapshot
Despite the current gains, the Nifty 50 has faced challenges in recent weeks and months, yielding a decline of 1.76% over the last week and 5.68% over the past month. However, over the last year, it has shown a substantial increase of 27.19%.

The Bank Nifty index concluded the day at 50,787.45, with intraday highs reaching 51,589.15 and lows at 51,012.55. Similar to the Nifty 50, the Bank Nifty’s performance has been mixed, witnessing a decline of 1.28% over the last week, but an overall annual gain of 19.19%.

Top Gainers and Losers

Nifty Index

  • Top Gainers:

    • Shriram Finance: Up 5.39%
    • Adani Enterprises: Up 3.91%
    • ICICI Bank: Up 2.98%
    • Eicher Motors: Up 2.81%
    • Wipro: Up 2.79%

  • Top Losers:

    • Coal India: Down 4.22%
    • Bajaj Auto: Down 1.91%
    • Axis Bank: Down 1.49%
    • Kotak Mahindra Bank: Down 1.07%
    • Hero Motocorp: Down 0.91%

Sensex Highlights

  • Top Gainers:

    • ICICI Bank: Up 2.96%
    • Wipro: Up 2.87%
    • Tata Steel: Up 2.50%
    • Mahindra & Mahindra: Up 2.36%
    • Sun Pharmaceutical Industries: Up 2.28%

  • Top Losers:

    • Axis Bank: Down 1.43%
    • Kotak Mahindra Bank: Down 1.08%
    • Tech Mahindra: Down 0.72%
    • HDFC Bank: Down 0.48%
    • Maruti Suzuki India: Down 0.12%

MidCap and Small Cap Performers
For the Nifty MidCap 50 and Nifty Small Cap 100 indices, the top performers included Vodafone Idea, Yes Bank, and Suzlon Energy, with significant increases noted, while the losers comprised CG Power & Industrial Solutions and Sundaram Finance.

On the BSE, Bandhan Bank, Vodafone Idea, and Poonawalla Fincorp stood out as major gainers, while losses were seen in IFB Industries and Interglobe Aviation among others.

Conclusion

As the market fluctuates, investors are advised to stay informed about the performance of key stocks and indices. The current trends indicate a mixed yet cautiously optimistic outlook, particularly with a focus on mid-cap and small-cap stocks, which have outperformed large caps today.

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