Top Gainers of the Day: Nifty 50’s Biggest Movers Include JSW Steel, Tata Steel, and Hindalco

India’s main stock indices, the BSE Sensex and Nifty 50, made a strong recovery on November 05, 2024 afternoon, gaining back some of Monday’s losses. 

The BSE Sensex rose by 694 points, or 0.88%, closing at 79,476.63. Meanwhile, the Nifty 50 climbed 218 points, or 0.91%, finishing above 24,200 at 24,213.

Out of the 50 stocks in the Nifty50 index, here are the top 5 gainers for the day- 

• JSW Steel Limited

JSW Steel share price closed at ₹998.50, reflecting a 4.57% rise. JSW Steel announced that its consolidated crude steel production for October 2024 reached 22.81 lakh tonnes.

• Tata Steel Ltd

Tata Steel Ltd share price closed at ₹52.45, reflecting a 3.74% rise.

• Hindalco Industries Ltd

Hindalco Industries Ltd share price closed at ₹698.00, reflecting a 3.51% rise.

• Bajaj Auto Limited

Bajaj Auto Limited share price closed at ₹9,844.95, reflecting a 3.35% rise. The company reported its October sales, showing a modest 2% year-on-year increase to 4,79,707 units, up from 4,71,188 units in October 2023. Domestic sales in the 2-wheeler segment reached 2,55,909 units, marking an 8% drop from the 2,78,486 units sold a year ago. However, exports rose significantly, increasing by 22% year-on-year to 1,58,463 units.

• Axis Bank Ltd

Axis Bank Ltd share price closed at ₹1,170.15, reflecting a 2.71% rise. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.