The stock market today saw a mix of gains and losses, with some companies making significant moves. Shriram Finance, Power Grid Corp, Wipro, Titan Company, and Adani Enterprises were the top gainers on the NSE Nifty 50 index, while Maruti Suzuki India, Dr Reddy’s Lab, Ultra Tech Cement, Tata Steel, and Tata Motors were the top laggards.
In other news, Purnartha Investment Advisers crossed the AUM of Rs 2,000 Crore in Portfolio Management Services, showing significant growth since its establishment in 2011. Paytm’s share price jumped 4% following positive developments, including talks with Zomato for a potential acquisition.
Meanwhile, Som Distilleries and Breweries saw a decline of 16% after reports of child labor at their plant in Madhya Pradesh. On a positive note, Nandan Denim surged 18% after announcing a stock split, and ixigo shares hit a 20% upper circuit.
In the pre-market outlook, the bull market appeared unstoppable, with Nifty hitting a new record high and Sensex peaking. Foreign institutional investors (FII) and domestic institutional investors (DII) also showed strong buying activity. Asian markets were set to open higher, and crude oil and US Dollar Index updates were also provided.
Overall, the stock market today was filled with a mix of positive and negative movements, showcasing the dynamic nature of the financial markets.
