Top gainers, losers today: SBI, ICICI Bank, Jio Financial Services, Sun Pharma, among most active stocks
Hindalco Industries Ltd (up 2.34%), Axis Bank Ltd (up 2.11%), ICICI Bank Ltd (up 1.58%), Divi's Laboratories Ltd (up 1.55%) and Larsen & Toubro Ltd (up 1.47%) were among the top gainers of Nifty 50. Adani Enterprises Ltd (down 5.89%), Jio Financial Services Ltd (down 4.99%), Adani Ports and Special Economic Zone Ltd (down 2.86%), Sun Pharmaceutical Industries Ltd (down 1.37%), and Tech Mahindra Ltd (down 1.15%) were among the laggards today.
"Global markets have restrained from making significant moves as they await the outcome of the central bankers' gathering at Jackson Hole scheduled for Friday. With the earnings season nearing its end, the heightened possibility of another rate hike in the US, along with the resultant increase in bond yields, are expected to keep the global market’s volatility high.
On the domestic front, sentiments remained positive, backed by strong demand in the banking sector, though IT and pharma limited the gains," said Vinod Nair, Head of Research at Geojit Financial Services. (more to come) Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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