It is a steady session for the markets, though the key indices have come off early highs. The Nifty 50 is trading just a shade below the key 25,400 mark while the Sensex is up over 170 points. Tech stocks see significant buying today after the US Fed’s rate cut last evening. However, there are some other key buzzers in trade today.
Here is a look at big movers and shakers at this hour –
LTIMindtree
The share price of LTIMindtree surged 3.6% to the day’s high of Rs 5,619 on the National Stock Exchange. In the list of IT sector stocks, LTIMindtree was topping the charts. The uptick in the share price of LTIMindtree came after the US Federal Reserve cut the key lending rate by 25 basis points to 4-4.25%. This spurred buying across tech stocks. The Nifty IT Index is up 1% now, though it’s come off its early morning highs.
HDFC Life Insurance
The share price of HDFC Life Insurance rose 2.8% to an intra-day high of Rs 789.65 on the National Stock Exchange. The stock was the top gainer in the Nifty 50. The stock is now 4% away from its 52-week high of Rs 820.75. HDFC Life Insurance has given a return of 23% in the last six months and almost 13% in the previous one year.
LIC Housing Finance
LIC Housing Finance climbed 3.5% to a high of Rs 592, intra-day, on the NSE. The stock has a P/E ratio of 7.5, and its three-year net profit CAGR stands at 33.52%. The stock is mainly owned by the public shareholders, with 54.76% of the company. LIC Housing Finance has risen 4% in the past five trading sessions. The stock has given a return of 9.3% in the previous six months.
Page Industries
Page Industries’ share price slipped more than 2% in the intraday trading session today after global brokerage HSBC cut its rating to ‘Reduce’. The brokerage has set a target price of Rs 41,040. This indicates another 10% downside from current levels. The stock has already fallen about 7% so far in 2025. The 52-week high of the company stands at Rs 50,590, and the low is at Rs 38,850.
Poonawalla Fincorp
Poonawalla Fincorp share price jumped nearly 12% to hit a fresh 52-week high today after its promoters completed a Rs 1,500 crore fund infusion. The capital raise, first announced with the company’s June quarter results on July 25, was wrapped up on Wednesday. In the last 5 days, the company delivered a return of 13%. On a 6-month basis, the share price of the company surged 63%. So far in 2025, the company delivered a return of 59%.