These 5 stocks including HDFC Bank, Bajaj Finance command 71% of the Nifty 50 gains today
₹1,690 per share in today's trade. This heavyweight contributed a substantial 30.86 points to the overall rally witnessed in the index. Also Read: How will HDFC Bank, Axis Bank, SBI and others perform in 2024? 5 key trends that will determine banks' performance Similarly, Bajaj Finance shares experienced a noteworthy surge of 4.34%, reaching ₹7,705 apiece, following the release of the company's Q3FY24 update.
During the quarter, the company's assets under management (AUM) crossed the ₹3 lakh crore mark for the first time, reaching ₹3,11,000 crore. Also Read: Bajaj Finance shares gain over 4% on strong Q3 update with AUM growth of 35% Axis Bank also witnessed a strong uptick in its shares during the session, registering a noteworthy 2.26% increase to reach ₹1,123 apiece. This intraday surge marked the stock's most significant jump since December 01, 2023, reflecting positive momentum in the banking sector.
In the IT space, shares of Infosys experienced a strong spike in today's session, gaining 1.52% to ₹1,512 apiece. This rally came after global brokerage firm J.P. Morgan upgraded its rating on stock from Neutral to Overweight and lifted its target price to ₹1,800 from the earlier ₹1,400.
This revised target price indicates an upside of 19%. Further contributing to the market rally, telecom major Bharti Airtel saw its shares reach a new all-time high of ₹1,058.8 apiece in the intraday session. It then finished the trade at ₹1,047.90 with a gain of 1.23%.
This surge followed the company's addition of 3.52 lakh subscribers in October 2023, as per the monthly subscriber data released by TRAI today. With this addition, Airtel's wireless subscriber base jumped to 37.81 crore. Also Read: Stock Market Today: Sensex, Nifty 50
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