Mumbai: The Indian stock markets witnessed a day of mixed performance on December 4, 2024, with several stocks seeing notable movements. While some stocks soared, others faced significant declines, reflecting a volatile trading session. Here's a look at the top gainers and losers of the day.
Top Gainers
Reliance Industries
Shares of Reliance Industries surged by over 3.5% to reach a new 52-week high, fueled by strong investor sentiment following the announcement of new partnerships in the retail and telecom sectors. The company’s diversification strategies continue to attract significant market attention.Tata Motors
Tata Motors gained around 2.8% on the back of positive Q2 earnings, as strong sales figures from their electric vehicle division boosted investor confidence. The company is seen as a key player in India's shift towards green mobility.HDFC Bank
HDFC Bank witnessed a rise of 2.2%, supported by robust credit growth and a strong performance in its quarterly earnings report. The bank continues to benefit from its diversified portfolio and strong presence in the retail banking segment.
Top Losers
Adani Enterprises
Adani Enterprises witnessed a sharp decline of nearly 4%, as the stock faced pressure due to concerns over rising commodity prices and market uncertainties surrounding its infrastructure projects. Investors remained cautious, leading to significant selling pressure.Bharti Airtel
Shares of Bharti Airtel fell by approximately 3.1% after reports of regulatory challenges and concerns regarding increasing competition in the telecom sector. Despite strong subscriber growth, the company faces margin pressures from aggressive pricing strategies by rivals.Maruti Suzuki
Maruti Suzuki lost 2.5% in today’s session after weak demand for certain car models and concerns over rising input costs weighed on the stock. Analysts have cautioned about potential slowdowns in vehicle sales in the upcoming months.
The markets saw significant action across various sectors, with auto, banking, and telecom stocks being particularly volatile. The Nifty 50 and Sensex both closed the day on a slightly negative note, reflecting the broader mixed market sentiment. Investors are likely to remain cautious in the short term, given the ongoing macroeconomic uncertainties and global market volatility.