Nifty closed at 23,063, -1.64% down from the previous day close. The Indian equities had their worst day in 10 weeks.
The indices declined by over 1.5 percent on Thursday, dragged by a rise in the US benchmark Treasury yield to its highest level since 2007 and a surge in crude oil prices above $100 per barrel.
India VIX: India Vix rose by 22.69% today and reached at 12.69
Sectoral Snapshot:
Top Gainers: Nifty India Defence gained 2.5%, Nifty Media gained 1.31% and Nifty Pharma gained 0.77%
Top Losers: Nifty MS Finserv saw the sharpest fall of -4.37%, Nifty Metal lost -1.96% and Nifty Auto fell by -1.57%
Trending Stocks:
Top Gainers:
- Allied Blenders and Distillers Ltd: +8.5%
- ICICI Lombard General Insurance Company Ltd: +5.1%
- Cello World Ltd: +4.8%
- Sun TV Network Ltd: +4.6%
Top Losers:
- PB Fintech: -36%
- Max Financial Services Ltd: -9.8%
- L&T Finance Ltd: -9.0%
- HDFC Life Insurance Company Ltd: -6.2%
Company News and Updates:
- Insurance stocks feel the heat after Irdai proposes new insurance distribution rules.
- JSW Cement received GST show-cause notice for ₹229.85 crore demand, plus interest and 10% penalty for FY22-FY24.
- Dr Lalpath Labs board approves 70% acquisition of SN Genelab for up to ₹199.5 crore; completion by Nov 30, 2026.
- Waaree Clean Energy Solutions enters specialty gases market; building plant at GIDC Saykha, Dahej, Gujarat.