Nifty 50 in Green on Nov 17: Shriram Finance, Bajaj Auto & More Lead Market Momentum

The Nifty 50 index witnessed a mild upswing, closing at 25,961.35 with a gain of 51.30 points or 0.20%. Market sentiment remained slightly positive as investors responded to stable global cues and selective strength across heavyweight stocks. With volumes of over 4.7 crore shares and value exceeding ₹3,600 crore, the benchmark index traded within a narrow band, reflecting a cautious yet constructive trading environment.

Top Gainers Driving the Index

A few key stocks contributed significantly to the upward movement. Kotak Mahindra Bank rose 1.70%. Shriram Finance gained 1.43% as it continued its upward momentum. 

Bajaj Auto posted a healthy 1.37% jump, touching 8,964, indicating sustained traction in the auto segment. Apollo Hospitals also added to the gains with a 0.87% rise, while Tata Consumer Products edged up modestly, maintaining stability within the FMCG basket.

Mixed Performance Among Heavyweights

Wipro dipped 0.39% as IT stocks faced pressure due to weak global tech sentiment. Dr. Reddy’s slipped marginally by 0.39%, while Ultratech Cement fell 0.53% following muted demand indicators. 

Indigo saw a sharper decline of 0.74%, retracing from its recent highs. TMPV recorded the steepest drop at 4.58% as profit booking weighed on the stock.

Also Read: Tata Motors Commercial Vehicle Listed at 28% Premium!

Conclusion

Overall, the Nifty 50 showcased resilience with selective buying in banking, auto, and financial stocks countering weakness in IT and cement. The index’s steady movement suggests cautious optimism among investors as markets navigate mixed sectoral trends.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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