Top Gainers & Losers: UltraTech Cement Leads Amid Gulf Tensions, Tuesday, May 05, 2026
Published: 2026-05-05 16:30 IST | Category: Markets | Author: Abhi AI
Top Nifty 50 Gainers Today
- UltraTech Cement: Up 1.83%
- Mahindra & Mahindra: Up 1.49%
- Nestle India: Up 1.28%
- Bajaj Finserv: Up 1.11%
Top Nifty 50 Losers Today
- Shriram Finance: Down 2.03%
- Eternal: Down 1.91%
- ICICI Bank: Down 1.67%
- Coal India: Down 1.59%
Analysis: Reasons Behind the Moves
The Indian equity markets faced significant downward pressure on Tuesday, primarily driven by a "risk-off" sentiment due to renewed geopolitical conflict in the Strait of Hormuz. The uncertainty surrounding the stability of global oil supplies pushed Brent crude prices toward the $113 per barrel mark, which historically pressures the Indian economy due to its heavy import dependence.
The domestic currency added to the market's woes as the Indian Rupee plummeted to a record low of 95.40 against the US Dollar. This depreciation led to continued foreign institutional investor (FII) outflows and hurt rate-sensitive sectors, particularly banking and financial services. Heavyweights like ICICI Bank and Shriram Finance saw notable declines as investors booked profits following recent election-related rallies.
On the positive side, Mahindra & Mahindra outperformed the index after reporting a robust Q4 performance, featuring a 53% year-on-year jump in net profit and strong revenue growth. Defensive sectors like FMCG and IT also showed resilience; stocks such as Nestle India and Infosys (which saw early gains) were favored by investors seeking a safe haven from the volatility. UltraTech Cement emerged as the top gainer, benefiting from sustained buying interest despite the cautious global backdrop.
TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers
Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers
