Top Gainers & Losers on August 12: NALCO Leads Gains, TCS and Godrej Consumer Among Top Losers

Top Gainers & Losers on August 12: NALCO Leads Gains, TCS Among Top Losers

Indian stock markets remained under pressure on Wednesday, August 12, as rising crude oil prices and weakness across key sectors weighed on investor sentiment.

The Nifty 50 declined 0.15% to 24,435, while the Sensex fell 0.34% to 77,889.

IT, FMCG, consumer durables and auto stocks faced selling pressure, while PSU banks, media, metals and oil & gas stocks showed relative strength.

Why Did the Market Fall?

Rising crude oil prices remained a key concern for investors.

Crude oil prices increased for the sixth consecutive session, with Brent crude moving closer to the $90 per barrel level.

With India importing a large portion of its crude oil requirements, higher oil prices can increase inflationary pressure and affect corporate margins.

Market sentiment was also affected by uncertainty surrounding the Strait of Hormuz and upcoming inflation data from India and the US.

Top Gainers on August 12

NALCO

NALCO emerged as the leading gainer of the session, with shares rising 8.3% to around ₹420.

Apar Industries

Apar Industries was among the strongest performers, gaining more than 5%.

Zee Entertainment

Zee Entertainment also advanced more than 5%, bucking the broader market weakness.

Finolex Cables

Finolex Cables gained more than 5% during the session.

Supreme Petrochem

Supreme Petrochem was another notable gainer, rising more than 5%.

Other stocks that ended higher included Force Motors, Aarti Industries, Punjab National Bank, Bank of Maharashtra, Ather Energy, NAVA, Welspun Living, HFCL, Kaynes Technology, Belrise Industries, Bosch, Hindalco Industries and JM Financial.

Top Losers on August 12

Godrej Consumer Products

Godrej Consumer Products was among the biggest losers, falling 11.2% to around ₹910 after its June-quarter performance disappointed investors.

TCS

TCS led the selling among major Tata Group stocks, declining around 4%.

Redington

Redington shares fell 4.3% as investors booked profits following the stock's recent rally.

Tata Technologies

Tata Technologies declined 2.2% during the session.

Wockhardt

Wockhardt was also among the notable decliners, falling more than 3%.

Other stocks under pressure included Tata Elxsi, Fortis Healthcare, Deepak Nitrite, Balrampur Chini Mills, UNO Minda, Global Health, NLC India, Sonata Software and Acutaas Chemicals.

Tata Group Stocks Under Pressure

Tata Group stocks witnessed significant selling pressure following reports surrounding Tata Sons Chairman N. Chandrasekaran.

TCS declined around 4%, while Tata Technologies and Tata Elxsi also fell.

The selling pressure added to the broader weakness in technology stocks during the session.

Sector Performance

The day's sectoral performance remained mixed.

Top-performing sectors

• PSU Banks
• Media
• Metals
• Oil & Gas

Weak sectors

• IT
• FMCG
• Consumer Durables
• Auto

Key Takeaways

• Nifty 50 declined 0.15% to 24,435.
• Sensex fell 0.34% to 77,889.
• NALCO surged 8.3% and led the major gainers.
• Godrej Consumer Products fell 11.2% after its Q1 performance.
• TCS declined around 4%.
• Redington fell 4.3% amid profit booking.
• Rising crude oil prices remained a major market concern.
• PSU banks, media, metals and oil & gas outperformed while IT and FMCG stocks remained weak.

Disclaimer

This article is published solely for educational and informational purposes and should not be considered financial, investment, legal, or tax advice. The information presented is based on publicly available sources and is believed to be accurate at the time of publication; however, TrendRipperX does not guarantee its completeness or accuracy.

TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst. Any views expressed are for informational purposes only and do not constitute a recommendation to buy, sell, or hold any security.

Investments in financial markets are subject to market risks. Readers should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.