Top gainers and losers in trade today: Hero Moto, ITC, IndusInd Bank; Check full list here

Although the domestic market’s long-term outlook is still positive, the US debt limit situation has acted as a short-term headwind for the market, preventing it from reaching an all-time high.

Sensex closed with a loss of 372 points, or 0.60 per cent, at 61,560.64 while the Nifty ended at 18,181.75, down 105 points, or 0.57 per cent.

Sensex is just 3 per cent away from its all-time high of 63583.07 which it hit on December 1, 2022.

A look at the top gainer & losers of the day

Nifty 50

As many as 35 stocks ended in the red in the Nifty index against 15 gainers.

Nifty gainers

Hero MotoCorp Ltd (Up 1.34%), ITC Ltd (Up 0.97%), IndusInd Bank Ltd (Up 0.96%), UPL Ltd (Up 0.91%), and Bharti Airtel Ltd (Up 0.75%).

Nifty losers

Kotak Mahindra Bank Ltd (down 1.95%), Apollo Hospitals Enterprise Ltd (down 1.74%), , SBI Life Insurance Company Ltd (down 1.65%), Tata Consultancy Services Ltd (down 1.51), and HCL Technologies Ltd (1.35%).

S&P BSE SENSEX

As many as 23 stocks ended in the red in the Nifty index against 7 gainers.

Sensex gainers

IndusInd Bank Ltd (Up 1.27%), ITC Ltd (Up 0.87%), Bharti Airtel Ltd (Up 0.68%), Maruti Suzuki Ltd (0.56%), and Ultratech Cement Ltd (Up 0.29%).

Sensex Losers

Kotak Mahindra Bank Ltd (down 1.80%), HCL Technologies Ltd (1.50%), Tata Consultancy Services Ltd (down 1.47), Asian Paints Ltd (down 1.44%), and Infosys Ltd (down 1.32%).

BSE

Top gainers: Amber Enterprises India Ltd (Up 15.81%), Tanla Platforms Ltd (12.55%), Globus Spirits Ltd (10.26%), Gujarat Mineral Development Corporation Ltd (8.69%), and CreditAccess Grameen Ltd (7.49%).

Top losers: LIC Housing Finance Ltd (down 6.26%), Thirumalai Chemicals Ltd (down 5.63%), Jindal Steel & Power Ltd (down 5%), PVR Inox Ltd (down 4.72%), and KEC International Ltd (down 5.01%).

“Global jittery spooks domestic indices. Nifty opened positive but soon gave up its gains for the second consecutive day to close with a loss of 105 points (-0.6%) at 18182 levels. Except for FMCG and Auto, all sectors ended in the red. Nifty smallcap 100 outperformed and closed with gains of +0.6%. Global markets are seeing a selloff as the debt ceiling negotiations continue. 

Investors remain cautious as the US faces the possibility of defaulting at the start of June. On the domestic front, Nifty is now facing resistance at ~18300, after moving in the last few days. We expect some consolidation over the next few days before a fresh leg of the rally starts,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.