Shares of Trent Ltd. and Bharat Petroleum Corp. were the top gainers on Tuesday, while IndusInd Bank Ltd. fared the worst on the NSE Nifty 50.
The Nifty ended 0.17% or 37.60 points up at 22,497.90, while the BSE Sensex closed 0.02% or 12.85 points lower at 74,102.32. The benchmarks swung between gains and declines through the day.
Trent surged as much as 5% during the day and then closed over 4% higher at Rs 4,998 apiece. BPCL followed by closing nearly 3% up.
Another notable gainer on the benchmark was Sun Pharma Ltd. after ICICI Securities upgraded the stock to 'Buy' from 'Hold' and hiked the target price to Rs 1,895 from Rs 1,840, citing a spree to expand the speciality care portfolio. Jefferies also added the stock to its 'model portfolio' strategy.
In terms of point contribution to the Nifty, ICICI Bank Ltd. and Bharti Airtel Ltd. added the most while IndusInd Bank and Infosys Ltd. weighed.
The highlight of the day was IndusInd Bank, which eroded 27% of its stock value.
The highlight of the day was IndusInd Bank, which eroded 27% of its stock value.
The highlight of the day was IndusInd Bank, which eroded 27% of its stock value. The share price hit the lowest since November 2020 after the lender identified accounting discrepancies of 2.35% of its net worth as of December 2024 in its derivatives portfolio during an internal review.
Besides, Infosys also went down by nearly 2% as brokerages turned increasingly sour on the IT sector outlook.
Shares of Bajaj Finserv Ltd., Mahindra and Mahindra Ltd., and Power Grid Corp. also posted losses.
Overall, Nifty companies added Rs 58,000 crore to their market capitalisation.
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