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Business Upturn
11 hours ago
- Business
- Business Upturn
Nifty 50 top gainers this week (May 31): Trent, IndusInd Bank, SBI, Adani Ports, Larsen & Toubro and more
By Aman Shukla Published on May 31, 2025, 09:38 IST The Indian stock market ended the week on a mixed note, with the benchmark indices declining for the second consecutive week, despite select Nifty 50 stocks recording notable gains. On Friday, May 30, 2025, the markets closed in the red due to broad-based selling pressure. The BSE Sensex dropped by 182.01 points (0.22%), ending the session at 81,451.01, while the Nifty 50 declined by 82.90 points (0.33%) to settle at 24,750.70. Several Nifty 50 stocks posted impressive weekly gains, with Trent, IndusInd Bank and SBI leading the charge. Let's take a look at the top gainers of Nifty 50 this week, as per Trendlyne data. Nifty 50 Top Gainers This Week Trent closed at ₹5,643.5, gaining 3.8% over the week. IndusInd Bank ended the week at ₹817.0, up 3.0%. State Bank of India recorded a 2.8% weekly gain, closing at ₹812.3. Adani Ports & Special Economic Zone rose 2.7% during the week, ending at ₹1,432.8. Larsen & Toubro finished at ₹3,675.1, up 2.1% for the week. Jio Financial Services posted a weekly increase of 1.7%, closing at ₹286.7. Dr. Reddy's Laboratories gained 1.7% over the week, closing at ₹1,251.2. Bharti Airtel advanced 1.3% this week, ending at ₹1,856.2. Wipro closed at ₹249.7, with a weekly gain of 0.9%. SBI Life Insurance Company finished the week at ₹1,812.2, up 0.8%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
a day ago
- Business
- Business Standard
Sensex zooms 1,750 pts, Nifty tops 23,350; why stock markets rallied today?
Why are markets rising today: Tata Motors, L&T, IndusInd Bank, M&M, Adani Ports, HDFC Bank, Axis Bank, ICICI Bank, Bharti Airtel, Bajaj Finance, Reliance Industries, and SBI were top gainers today Shine Jacob Abhineet Kumar Why is stock market rising today, Stock Market Today:The Indian stock markets rose on Tuesday, April 15, 2025, climbing for a second straight day, as tariff reprieve by US President Donald Trump lifted stock market sentiment. The BSE Sensex index zoomed 1,750.34 points intraday to hit a high of 76,907 level, while the Nifty50 index surged 540 points to a high of 23,368. At 3:30 PM, Sensex closed 2.1 per cent higher at 76,734, while the Nifty50 ended 2.19 per cent up at 23,328. In the broader market, the Nifty MidCap, and the Nifty SmallCap indices advanced over 2 per cent each. Of the 2,574 stocks traded on the NSE today, 2,316 stocks gained today and 196 fell. Sixty two stocks were unchanged at the time of writing this report. US' key index, the S&P 500, is up 9 per cent, from April lows, on tariff pause. The Nifty, however, is up only 3 per cent from April lows; hence, we have some catching up to do. This, and some short-covering, will keep the markets strong for the day,' said VK Vijayakumar, chief investment strategist at Geojit Investments Limited. Among individual stocks, Tata Motors, L&T, IndusInd Bank, M&M, Adani Ports, HDFC Bank, Axis Bank, ICICI Bank, Bharti Airtel, Bajaj Finance, Reliance Industries, State Bank of India, and Eternal (Zomato) were the top gainers on the Sensex today, moving higher in the range of 2 per cent to 5 per cent.'
Hans India
a day ago
- Business
- Hans India
Benchmark indices rebound after 2-day fall
Mumbai: Benchmark stock indices Sensex and Nifty rebounded on Thursday after two days of decline, mirroring a rally in global markets as a US court blocked President Donald Trump's reciprocal tariffs. The 30-share BSE Sensex climbed 320.70 points or 0.39 per cent to settle at 81,633.02 in a volatile session amid monthly expiry in derivative contracts. During the day, it jumped 504.57 points or 0.62 per cent to 81,816.89. The 50-share NSE Nifty went up by 81.15 points or 0.33 per cent to 24,833.60. The index swung sharply in both directions on the monthly expiry day before ending with gains. Metal, realty, pharma and IT sector indices were major gainers. Among Sensex firms, IndusInd Bank climbed 2.41 per cent a day after markets regulator Sebi barred its former CEO, SumantKathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. Sun Pharma, Adani Ports, Eternal, Tata Steel, Tech Mahindra and Axis Bank were also among the gainers. Bajaj Finance, ITC, Bajaj Finserv and Asian Paints were among the laggards. Investors rejoiced a US federal court's decision to block President Donald Trump's sweeping reciprocal tariffs on imports. 'Global sentiment improved after a US court struck down Trump's reciprocal tax policy. However, the domestic market remained mostly rangebound during the day due to rising oil prices and higher US 10-year bond yields. Some recovery was seen toward the end of the session, driven by F&O expiry-led covering. 'Export-focused sectors like IT and Pharma performed well, supported by hopes of easing trade tensions,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE midcap gauge climbed 0.48 per cent and smallcap index went up by 0.39 per cent. Among sectoral indices, realty jumped the most 1.21 per cent, followed by metal (0.89 per cent), BSE Focused IT (0.79 per cent), services (0.69 per cent), teck (0.65 per cent), consumer discretionary (0.55 per cent) and commodities (0.53 per cent). FMCG emerged as the only laggard. As many as 2,022 stocks advanced while 1,954 declined and 135 remained unchanged on the BSE. 'While markets witnessed sideways movement in the first half, key indices rebounded on selective buying amid short covering on the monthly derivatives expiry day,' Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. 'Strong Asian and European cues also aided sentiment, even as investors await the release of the minutes of the US FOMC (Federal Open Market Committee) meeting,' Tapse said. Foreign Institutional Investors (FIIs) bought equities worth Rs 4,662.92 crore on Wednesday, according to exchange data. Also, the Reserve Bank said that the country is poised to remain the fastest-growing major economy in the world even in FY26. India's industrial production growth slowed to 2.7 per cent in April 2025 due to poor performance of manufacturing, mining and power sectors, according to official data released on Wednesday. The 30-share BSE barometer declined 239.31 points or 0.29 per cent to settle at 81,312.32 on Wednesday. The Nifty dropped 73.75 points or 0.30 per cent to 24,752.45.
Time of India
2 days ago
- Business
- Time of India
IndusInd Bank Share Price Live Updates: IndusInd Bank's beta reflects its risk profile
30 May 2025 | 08:42:14 AM IST Welcome to the IndusInd Bank Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of IndusInd Bank, including: Last traded price 824.15, Market capitalization: 64205.77, Volume: 8791159, Price-to-earnings ratio 24.93, Earnings per share 33.06. Our liveblog offers a complete overview of IndusInd Bank through a blend of fundamental and technical indicators. Stay informed about breaking news that can shape IndusInd Bank's performance in the market. Our market analysis and expert opinions empower you to make informed investment decisions. Join us as we unravel the potential of IndusInd Bank in the ever-changing market landscape. The data points are updated as on 08:42:14 AM IST, 30 May 2025 Show more
Time of India
2 days ago
- Time of India
Cyber fraud attempt at Rainbow hospitals thwarted by alert staff
Hyderabad: A cyber fraud attempt targeting Rainbow Children's Medicare Limited (RCML) was successfully thwarted on Thursday after the company's chief financial officer detected suspicious WhatsApp communications claiming to be from the organisation's chairman Dr Ramesh Kancharla. The scamsters had used a new number with Dr Ramesh's display picture (DP) to instruct the hospital to transfer Rs 20 lakh, and provided a bank account of an electronics company with IndusInd Bank's Kishoreganj branch in Ranchi. CFO Vikas Maheshwari received the first message at 9:54 am. When he was told to make immediate payment, the CFO tried to call the number at 1:17 pm. Instead of answering the call, the fraudster messaged: "I am currently in a meeting with govt officials and it's not convenient to talk." "The tone of the message was suspicious. I verified with Dr Ramesh and was told that this message was not sent by him," the CFO said in his complaint to the police. A case was registered under Section 319(2) (cheating by impersonation) of the Bharatiya Nyaya Sanhita (BNS) and Sections 66C and 66D of the IT Act against unknown offender on Wednesday.
