Top 5 stocks of the day: Coal India, Bharti Airtel, Adani Ports, Kotak Bank and Hindalco Industries are among the top Nifty gainers, while IndusInd Bank, Cipla, Dr Reddy’s Laboratories, TCS, and Asian Paints are among the top losers. All sectoral indexes ended in the green, with the real estate index up 4% and the information technology, electricity, auto, metal, and public sector bank indices each up 1-2%. The BSE Midcap and Smallcap indices are both up 1%.
Sensex and NSE Nifty50
The Sensex closed up 566.97 points, or 0.87 percent, at 66,079.36, while the Nifty closed up 177.50 points, or 0.91 percent, at 19,689.80. Around 2481 shares rose, 1052 fell, and 135 were unchanged. On October 10, benchmark indices finished higher, with the Nifty at 19,700, owing to purchasing across sectors.
Top 5 stocks of the day
| Name of companies | Change | Volume |
| Coal India | 5.07 | 2,32,83,411 |
| Adani Ports | 3.54 | 75,91,327 |
| Bharti Airtel | 2.54 | 78,97,875 |
| Kotak Bank | 2.43 | 33,68,982 |
| Hindalco Industries | 2.38 | 78,63,825 |
Coal India’s stock reached a new 52-week high of Rs 300.4 per share
Coal India’s stock reached a new 52-week high of Rs 300.4 per share. According to Nuvama Institutional Equities, the coal player provided the triple benefit of volume growth, increased e-auction pricing, and the possibility of an all-time high payout in H2FY24.
“Despite the stock rallying ~25 percent since Sep-23, we expect further upside potential of 35 percent within a year, excluding the dividend of Rs 30 in H2FY24E and Rs 25 in FY25E,” the brokerage said in a statement.
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