Top gainers and losers, Dec 22: Trent, Shriram Finance soar nearly 4%, HDFC Life down 1%; check full list

It was further supported by foreign fund inflows and expectations of further monetary policy easing by the US Federal Reserve, which added to investor optimism.

According to exchange data, on Friday, foreign institutional investors (FIIs) bought stocks worth ₹1,830.89 crore, while domestic institutional investors (DIIs) purchased equities worth ₹5,722.89 crore on a net basis.

The volatility gauge, India VIX, on December 22, hit a two-year low of 8.86 as equity benchmark indices were trading higher.

The SENSEX closed 638.12 points, or 0.75%, higher at 85,567.48. Meanwhile, the NIFTY50 gained 206 points, or 0.79%, to end at 25,172.40.

NIFTY50 top gainers and losers

The NIFTY50 pack was led by buying in the shares of Trent, which closed 3.86% higher at ₹4,219 apiece.

It was followed by Shriram Finance (3.67%), with the stock surging over 5% to hit an all-time high of ₹949.80 apiece on the NSE, following a major deal with Japan's MUFG Bank that was announced on Friday.

In its press release, the company said its board has approved entering into definitive agreements with MUFG Bank Ltd (“MUFG Bank”) for an investment of ₹39,618 crore (nearly $4.4 billion) in SFL through a preferential issuance of equity shares. This investment will result in MUFG Bank acquiring a 20% stake on a fully diluted basis.

Wipro (3.10%), Infosys (2.89%) and Bharti Airtel (2.09%) were among the top gainers.

On the contrary, HDFC Life Insurance Company closed in the red (-0.71%). The other top losers included Tata Consumer Products (-0.64%), State Bank of India (-0.59%), Kotak Mahindra Bank (-0.57%) and Cipla (-0.45%).

NIFTY Midcap 100 top gainers and losers

NSE’s midcap index, the NIFTY Midcap 100 gauge, closed in the positive territory at 60,815.25, reflecting a 505.10 points or 0.84% jump.

The index was bolstered by gains in Cochin Shipyard (8.02%), National Aluminium Company (4.31%), Rail Vikas Nigam (4.10%), Bharat Dynamics (3.77%), and UPL Ltd (3.65%), which were among the top winners.

Stock of RVNL surged along with other railway shares after the Indian Railway revised the fare structure.

On the other hand, the top laggards included Dixon Technologies (-3.38%), Swiggy (-1.63%), Tube Investments of India (-1.57%), Tata Communications (-1.52%) and Patanjali Foods (-1.50%).

NIFTY Smallcap 100 top gainers and losers

NSE’s smallcap index, NIFTY Smallcap 100, stood at the 17,593.05 level during market closing, up by 202.70 points or 1.17%.

Jupiter Wagons was among the top gainers, closing 20% higher after promoter Tatravagonka acquired an additional stake in the firm worth ₹135 crore.

Garden Reach Shipbuilders & Engineers (5.86%), Devyani International (5.46%), Poonawalla Fincorp (5.17%) and Multi Commodity Exchange of India (4.95%) followed behind Jupiter Wagons.

Shares of the MCX soared as much as 5.24% to a fresh 52-week high of ₹10,847 apiece, after SEBI Chairman Tuhin Kanta Pandey, at the 11th convention of CPAI on Saturday, said that the market regulator is working with the RBI and IRDAI to enable participation of banks and insurance companies in the commodity derivatives market.

Furthermore, precious metals, gold and silver, rallied to their lifetime highs both globally and domestically on December 22, which also bolstered the stock.

Conversely, Reliance Power slumped 8.87%. It was followed by Aegis Vopak Terminals (-2.05%), Five-Star Business Finance (-1.71%), Neuland Laboratories (-1.65%) and Capri Global Capital (-1.40%), which were among the top five losers on Monday.