NSE, BSE Top gainers & losers today May 23: Sensex, Nifty 50 up 1%, Eternal, ITC lead gains, Honasa, Emcure, Sun Pharma, BSE, Waaree Energies, Premier Energies, BEL, BEML shares in action

Equity benchmark indices rebounded after opening flat as US Treasury yields ease. IT and consumer stocks drove the market surge, while pharma and healthcare stocks slipped to trade in negative territory in the mid-trading session.

Experts observed that the market staged a sharp recovery with 10 per cent return on Nifty over the last six weeks. Analysts from PL Capital believe that normal monsoons, low inflation and tax cuts to boost demand.

After climbing over 900 pts intraday, Sensex traded 856.42 pts or 1.06 per cent positive at 81,808.41 as at 12.40 pm, and Nifty 50 soared 272.90 pts or 1.11 per cent to 24,882.60. Both smallcap and midcap indexes traded with marginal gains and the volatility index inched up 0.66 per cent to 17.37.

Nearly 1,769 stocks advanced and 958 declined of all the 2,819 stocks that were traded on the National Stock Exchange. 61 stocks including Emcure Pharma hit the upper circuit, while 34 hit the lower circuit. Bharat Electronics, Bharat Dynamics, Dalmia Bharat, EID Parry, GRSE, ITC Hotels and Nazara were among those 45 shares that hit 52-week highs and 11 stocks hit 52-week lows.

Shares of Eternal (Zomato), ITC, Power Grid, Jio Financial and SBI Life led the gainers of Nifty 50 components, while only Sun Pharma traded as laggard at the time of writing.

Eternal shares soared 4.04 per cent to ₹238.25, leading the gainers of Nifty 50. ITC followed with 2.66 per cent gain to ₹437.45 as reported a 2 per cent rise in its March quarter net profit.

Emcure Pharmaceuticals stock also continued to trade at its upper circuit at ₹1,284.40 on the NSE following Q4 results.

Sun Pharma declined 2.69 per cent to ₹1,672.40 as its Q4FY25 net profit dipped.

Shares of Infosys, LTIMindtree, Coforge, Persistent Systems and Tech Mahindra soared nearly 2 per cent, driving the surge of IT stocks.

Defence index traded flat, GRSE and Cochin Shipyard traded with gains over 1 per cent. Mazagon Dock, BEML and BEL traded with marginal gains. BEML is set to announce Q4 results today.

BSE shares traded 3.99 per cent positive on the NSE at ₹2,425.50 as at 12.42 pm, lower from previous close of ₹6,996.50 as it began trading ex-bonus.

Shares of Waaree Energies and Premier Energies continued to trade in negative territory due to US Tax Bill on clean energy incentives.

Shares of Ola Electric, BSE, Oil India soared among midcap stocks, while IFCI, JBM Auto and Hindustan Copper surged 4-10 per cent among smallcap.

On the BSE, Reliance Power, Honasa Consumer (zoomed 15 per cent on Q4 results), Reliance Infra and Clean Science jumped 9-18 per cent. Ashok Leyland, Glenmark, Ashoka Buildcon and more to announce Q4 results today. Track live updates

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