Nifty 50 May 12 Top Gainers: ONGC, State Bank of India, Bharti Airtel Among Top Gainers 

Mumbai, May 12: Oil & Natural Gas Corporation (ONGC) was Tuesday’s top gainer on the Nifty 50, rallying 4.70 per cent to trade at ₹294.20 after upstream oil companies and metal stocks outperformed the broader market plunge even as key indices crashed deep into the red over concerns about renewed tensions with Iran following US President Donald Trump’s comments that the ceasefire was “on life support.” 

Hindalco Industries, State Bank of India (SBI) and Bharti Airtel were among the other top index gainers with stock prices rising anywhere between 0.17 per cent and 1.86 per cent as investors parked selective buying into commodity-linked and defensive large-caps even as the Sensex shed over 900 points around noon. 

ONGC: Top gainer on Nifty 50 on Tuesday 

ONGC topped the chart among Nifty 50 gainers on Tuesday, rallying 4.70 per cent to trade at ₹294.20, up from its previous close of ₹281.00 on the National Stock Exchange (NSE). ONGC stock opened at ₹286.90 on Tuesday, hit an intraday high of ₹299.90 and remained above its opening price throughout the session with a low of ₹286.85. Around 5.21 crore shares amounting to approximately ₹1,539.93 crore were traded on Tuesday.  

Among all gainers today, ONGC was the most actively traded counter by value. Rising Brent crude oil futures price above $104 per barrel on Strait of Hormuz supply fears and the announcement made by Union Petroleum Minister Hardeep Singh Puri on Monday about the rationalisation of royalty rates in the upstream sector to revive flagging investment was cheered by investors who felt this augurs well for oil firms’ long-term realisations and profitability, and consequently bid up ONGC stock on Tuesday. 

 Hindalco Industries: Second top gainer on Nifty 50 on Tuesday 

Hindalco Industries was the second-largest gainer on the Nifty 50 on Tuesday, rising 1.86 per cent to trade at ₹1,042.50, up from its previous close of ₹1,023.50. The stock opened at ₹1,027.20 Tuesday, reached an intraday high of ₹1,054.60 and traded above its opening price during the session with a low of ₹1,025.00. Around 43.23 lakh shares worth approximately ₹451.06 crore were traded during the day. Hindalco stock outperformed the benchmark index on a negative trading session for India equities Tuesday as global aluminium prices remain supported by supply squeeze arising out of the West Asia crisis while a depreciating rupee makes domestic metal exports competitive vis-à-vis imports.

State Bank of India: Third top gainer on Nifty 50 

SBI was the third-largest gainer on the Nifty 50 on Tuesday, inching up 0.26 per cent to trade at ₹976.10, up from its previous close of ₹973.60. The bank stock opened at ₹976.90 Tuesday, touched an intraday high of ₹981.40 and traded near its opening price during the day with a low of ₹962.40. Around 2.58 crore shares worth approximately ₹2,506.80 crore were traded on Tuesday. Among Tuesday gainers, SBI was the most traded stock by value. SBI’s slight gain on an otherwise extremely negative trading day for India markets was largely on account of the bank being considered to be a defensive institutional holding. Investors chose to put money in SBI on Tuesday on hopes of the stock finding buying support from its strong domestic footprint and balance sheet strength even as the broader financial services space continued to face selling pressure. 

Bharti Airtel: Fourth top gainer on Nifty 50 

Bharti Airtel was Thursday’s fourth biggest gainer on the Nifty 50, rising marginally by 0.17 per cent to trade at ₹1,762.80, up from its previous close of ₹1,759.80. Airtel opened at ₹1,751.50 Tuesday, touched an intraday high of ₹1,776.50 and traded above its opening price throughout the day with a low of ₹1,751.50. Around 1.19 crore shares worth approximately ₹2,107.22 crore were traded. Bharti Airtel’s defensive nature as a telecom services provider with large predictable subscription revenues unaffected by crude prices and geopolitical events led to investors preferring the stock as a destination for institutional flows on Tuesday when risk-off sentiment took centre-stage amid the Iran-US conflict headlines. 

Source: 

• https://www.nseindia.com/market-data/top-gainers-losers