Top Gainers & Losers Today: HCLTech, TCS, DMart Gain; Adani Energy, Torrent Pharma Fall

As of now, at 9:50 AM in Indian Standard Time, the Indian Nifty-50 is down by 1.95%, with the value at 22,236.80. The BSE Sensex is down by 1.95%, with the value at 71,710.72. The rest of the Asian market is down by almost 2% after US President Donald Trump declared that the US will attack Iran “extremely hard” in the coming weeks. The US President stated that the “core strategic objectives” of the US in the Iran War were nearing completion.

Top Gainers

HCL Technologies 

HCLTech is a global IT services company providing software, consulting, and digital transformation solutions. The stock has opened at ₹1,347 and has been trading in a range of ₹1,363.60 to ₹1,341.20. Currently, the stock is quoting at ₹1,361, up by ₹6.60 or 0.49 percent. The stock has been trading in a volume of 12,64,042 shares. There are no stock-specific triggers, and the stock is moving on market positioning.

Tata Consultancy Services

TCS is the largest IT services company in India. The company offers consulting, IT services, and business solutions across the globe. The TCS share price has opened at ₹2,386.00. The stock has seen a high of ₹2,421.80 and a low of ₹2,375.70. The stock was trading at ₹2,417.90. The stock has gained by ₹9.70 or 0.40%. The volume was at 10,73,484 shares. The movement in the stock can be considered due to the general market conditions. There has been no specific news flow in the stock

Avenue Supermarts

DMart is a retail supermarket group in India. The company operates in the business of value retail and daily consumer goods. Avenue Supermarts share price has opened at Rs. 4,228.40. The stock has traded in the range of Rs. 4,306.60 to Rs. 4,190.30. The stock was quoting at Rs. 4,287.00, up by Rs. 15.90 or 0.37 percent. The volume was at 6,11,714 shares. The Company has opened 12 (twelve) new stores

Top Losers

Adani Energy Solutions

Adani Energy Solutions is a power transmission and distribution company. The stock opened at 940.00, touched a high of 944.95, and a low of 903.15. The stock is currently trading at 911.35, down by 45.25 or 4.73%, with a volume of 6,77,564 shares. This decline can be seen as a reflection of market weakness.

Eternal 

Zomato Limited, incorporated in 2010, is one of the leading online Food Service platforms in terms of the value of food sold. It has opened at 230.95 and has traded in a range of 232.39 and 224.81. It is currently at 225.28, down by 11.24 or 4.75 percent on a significantly high traded volume of 1,89,00,896 shares. This is because of the heavy fall in the broader market, and there is no stock-specific trigger. This is purely sentiment-driven.

Torrent Pharmaceuticals 

Torrent Pharma is a pharmaceutical company engaged in the business of branded generics and specialty therapeutics in global markets. The stock has opened at ₹4,075.00 and has been trading in a range of ₹4,090.80 and ₹3,871.10. Currently, the stock is quoting at ₹3,875.30, down by ₹236.00 or 5.74%, with a volume of 1,86,431 shares. Pharma is a defensive sector, but the stock has witnessed sharp selling. 

The Pharma index has fallen as the pricing pressure has increased in the GLP-1 segment due to a reduction in the price of semaglutide by up to 48% by Novo Nordisk after the patent expiry and the entry of a number of low-cost generics in the market, affecting the margins. The sentiment has also been affected by the government’s move to crack down on the misuse of weight-loss drugs.

Conclusion

Thursday’s session was dominated by widespread selling in all sectors and market capitalizations, with rising geopolitical tensions, an increase in crude oil prices, regulatory changes, and brokerage house outlooks contributing to the same. While some stocks like HCL Tech, TCS, and DMart were able to show some positive movement due to defensive buying, the overall markets were under significant pressure, with stocks like Adani Energy Solutions, Eternal, and Torrent Pharma showing significant declines due to market-wide reasons.