Shares of Infosys Ltd., Tata Consultancy Services Ltd., Tata Motors Ltd., Mahindra & Mahindra Ltd. and Kotak Mahindra Bank Ltd. were the top gainers among the NSE Nifty 50 stocks on Wednesday.
Among the losers were shares of Bharti Airtel Ltd., ITC Ltd., Maruti Suzuki India Ltd., Asian Paints Ltd. and Hindustan Unilever Ltd.
The NSE Nifty 50 and BSE Sensex extended their gains to the second day as information technology stocks led the advance during the day. On Wednesday, the Nifty 50 advanced as much as 0.9% to 23,163.1, and the Sensex rose 0.82% to 76,526.15.
Meanwhile, the benchmarks, Sensex and Nifty, are set for their fourth straight month of losses in January, the longest losing streak in 23 years.
Top Gainers
Information technology stocks led the gains during the day with advances in Infosys and Tata Consultancy Services giving boost. Technology stocks recovered sharply on Wednesday, following overnight gains in the world's largest technology companies on Wall Street.
Nvidia Corp. rallied 8.9% after suffering the biggest market-cap loss for a single stock in market history. The S&P 500 and the tech-heavy Nasdaq Composite rose 0.92% and 2.03%, respectively.
Shares of Infosys Ltd. and Tata Consultancy Services Ltd. ended higher by 2.81% and 1.47%, respectively. Tata Motors closed with a gain of 3.3% while M&M rose 1.8%.
Top Losers
Bharti Airtel Ltd., ITC Ltd., and Maruti Suzuki India Ltd. were the top losers in trade. The telecom major ended 1.11% lower at Rs 1,600 per share on Wednesday. While, ITC closed 0.48% lower at Rs 433.3 per share.
The current selloff is a buying opportunity with an understanding that it is hard to time the bottom, Morgan Stanley said earlier in a note. "A growth slowdown has unnerved the market and believe that growth is returning soon," the brokerage said.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
