Geojit Financial Services said, "Positive sentiment initially propelled domestic equities, buoyed by softer US labour market data that caused a retreat in US bond yields, alleviating concerns about rate hikes. This positive outlook was reinforced by Chinese banks' move to reduce existing mortgage rates, favourably impacting Indian metal stocks.'' ‘’However, gains were tempered as the day progressed, primarily due to weakness in global markets attributed to lacklustre economic data from Europe.
Banking stocks bore the brunt of this downturn, while mid- and small-cap segments displayed resilience amid the market dynamics,'' he added. Top gainers: Jio Financial Services (4.99%), Tata Steel, (2.09%), Mahindra Mahindra (1.53%) , Maruti Suzuki (1.50%), and Infosys (1.19%) Top losers: Power Grid Corporation (-1.59%), State Bank of India (-1.315), ICICI Bank (-0.97%), HDFC Bank (-0.71%), and IndusInd Bank (-0.55%) Top gainers: Jio Financial Services (4.99%), Tata Steel, (2.09%), Maruti Suzuki (1.755), Eicher Motors (1.24%), and Mahindra & Mahindra (1.19%) Top losers: Power Grid Corporation (-1.49%), Bharat Petroleum Corporation Ltd (BPCL) (-1.49%), Hero MotoCorp (-1.42%), Dr Reddy's Laboratories (-1.31%), and State Bank of India (-1.28%)Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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