Nifty 50 today has been witnessing a bearish performance again. Not only did it plunge hard, but we also spotted that there were just two stocks that had been gaining. However, the increase was just nominal and there wasn’t much that bullish traders could expect from the market a few hours after its opening.
The Nifty 50 Index was down by 1.25% and traded at 17,098.55 (losing a massive 216.10 points) during the market trading session on Monday, October 10, 2022. This Indian stock market index is inching closer to extending below the 17,000 mark again, which it had already experienced within the last few weeks. The stock market bears are all rejoicing but for the bulls, all efforts are in vain it seems.
On the other hand, BSE Sensex India was seen to be deviating farther from the 60,000 mark, which is indeed a significant change. This Indian stock market index slumped by over 600 points in the trading session today. The Sensex India index was down by 1.16% and traded at 57,515.77 (declining by 677.81 points) at press time.
Only These Stocks Gained On Nifty 50 Today
The two stocks that managed to defy the bearish trend and gain (though not that high gains) have been mentioned below.
1. Axis Bank Limited
Axis Bank Limited (NSE: AXISBANK) is one of the major private Indian banks. The organisation saw its stock rise by 0.67% and trade at ₹760.80 (up by 5.10 points) at the time of reporting in the trading session today. The total trade volume was 45,75,207, which was worth ₹34,477.39 lakhs.
2. Power Grid Corporation Of India Limited
Power Grid Corporation Of India Limited (NSE: POWERGRID) is a major public sector player. The company saw its stock gain by 0.26% and trade at ₹209.95 (up by 0.55 points) at the time of writing in the trading session today. The total trade volume was 34,08,003, which was worth ₹7,148.97 lakhs.
3. Tata Consultancy Services Limited
Tata Consultancy Services Limited (NSE: TCS) is an IT service company. The organisation saw its stock increase by 0.15% and trade at ₹3,069.40 (up by 4.50 points) at press time in the trading session today. The total trade volume was 10,42,939, which was worth ₹31,973.80 lakhs.
The market was very volatile at the time of reporting and that is why the stocks in advancing and declining on the Nifty 50 today fluctuating hard. Therefore, it is uncertain whether these stocks will be gaining when you check the stock market indices’ performance.