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Stock Market Update: NIFTY 50 Drops as Heavyweights Decline, Select Stocks Show Resilience
The stock market today has seen a significant downward shift for heavyweight companies. The Nifty 50 has gone below the 24,700 mark with a decline in the stock of Titan Company, UltraTechCement, TCS, NTPC, Adani Ports, JSW Steel, Tech Mahindra, Infosys, HUL, ONGC, and many more.
Overall, the indices are trading in the red as the Sensex falls over 500 points too. However, some NIFTY 50 stocks like DR Reddy Lab, IndusInd Bank, Bajaj Finance, HDFC Life, Coal India, etc. have performed better with slight gains. Let's check the stock market today.
Dr Reddy’s Laboratories Ltd
Dr Reddy’s Laboratories Ltd has seen over 1.5% surge in its share price than its previous closing amount of Rs 1246.30. The stock is currently trading at 1270.05 and went on a day high of 1272.15. The total number of stocks traded today as of now is 1344013 and thus indicates significant investor activity. The higher trading volume often reflects increased interest and potential volatility in the stock price.
IndusInd Bank Ltd.
IndusInd Bank Ltd has seen a slight gain of 1.25% from its previous closing of Rs 987.05. The stock went to a day high over Rs 1000 and is still trading with the LTP of Rs 999.05. A total of over 2586109 stock has been traded till now which indicates strong trust of the investors on this stock.
Bajaj Finance Ltd
The Bajaj Finance Ltd has a very slight surge of 0.5% from its closing price of Rs 7186.30. The stock is trading at an LTP of 7225.00 and is expected to rise till the end of the day.
HDFC Life
HDFC Life Insurance Company Ltd has also seen a very slight surge of 0.4% in its stock price in comparison with its previous closing of Rs 632.50. The stock went on a day high of Rs 636.40 and is currently trading at Ra 635.10 indicating that it will soon touch the day high once again. As of now 1774572 stocks of this company have been traded till now.
Axis Bank
Axis Bank Ltd. has been leading in the banking sector with an increase of 0.5% from the previous closing price of Rs 1148.65. The stock went off a day high of Rs 1154.80 and currently trading at Rs 1153.80. Till now, 3194335 stock have been traded which indicates a high value and investors trust in this company’s stock.
ICICI Bank
In the banking sector, ICICI Bank is just behind Axis as of now with a slight increase of 0.3% from its previous closing price of Rs 1345.10. The stock went on a day high of Rs 1350.45 and it is currently trading at the price of Rs 1349.70 per stock and is expected to touch the day high once again. As of now, more than 6982493 stocks of this company have been traded in the market.
Coal India
Coal India has experienced a slight increase in its stock price today by 0.11% today than its previous closing price. The stock is currently trading at Rs 410.85 and is expected to gain more by the end of the day.