Top gainers and losers, Dec 26: Shriram Finance, TCS fall over 1%, Titan surges over 2%; check list

The Indian benchmark indices, SENSEX and NIFTY50, closed in negative territory on Friday, December 26, amid foreign fund outflows and a lack of any major domestic triggers.

On Wednesday, the foreign institutional investors (FIIs) sold shares worth ₹1,993.18 crore, while the domestic institutional investors (DIIs) bought equities worth ₹2,531.65 crore on a net basis, according to exchange data.

The 30-share BSE SENSEX declined 367.25 points or 0.43% to settle at 85,041.45, while the 50-share NSE NIFTY dipped 0.38% or 99.80 points to end at 26,042.30.

NIFTY50 top gainers and losers

Shares of Asian Paints dragged down the NIFTY50 index, closing 1.4% lower. It was followed by selling in Shriram Finance (-1.37%), Bajaj Finance (-1.30%), Tata Consultancy Services (-1.27%) and Tech Mahindra (-1.16%), which were among the top losers on Friday.

On the other hand, Titan Company closed in the green, up by 2.17%. During the trading session, the stock touched a 52-week high of ₹4,006.90 per equity share as the company entered the lab-grown diamond segment, under the brand name “beYon.” Furthermore, both precious metals, gold and silver, rallied to touch a fresh record high, which also bolstered the scrip.

The other top gainers included Hindalco Industries (0.99%), Nestle India (0.82%), NTPC (0.53%) and Cipla (0.51%).

NIFTY Midcap 100 top gainers and losers

NSE’s NIFTY Midcap 100 gauge fell 0.23% or 136.90 points to close at 60,314.45 on December 26. The index was weighed down by Coforge, which lost 3.67%, ahead of its board meeting to consider fundraising.

Coforge's board will consider raising funds by way of issuance of equity shares or any other eligible securities through permissible modes.

It was followed by Dixon Technologies (-2.76%), Motilal Oswal Financial Services (-2.75%), Swiggy (-2.01%) and Oil India (-1.57%), which were also among the laggards.

Shares of Swiggy declined amid gig and platform workers nationwide strike on December 31, and a new update regarding the much-awaited Zepto IPO. The quick commerce platform plans to file its draft red herring prospectus (DRHP) with the market regulator SEBI on Friday, December 26, via a confidential route, news agency PTI reported, quoting sources.

On the flip side, Rail Vikas Nigam led the gains, closing 12.02% higher. Railway company stocks were trading in green as the new fares announced by the government took effect from today.

Indian Railway Catering And Tourism Corporation (3.95%), National Aluminium Company (3.49%), Housing & Urban Development Corporation (2.55%) and Container Corporation of India (2.15%) were among the top winners.

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap 100 index declined by 0.08% or 13.50 points to close at 17,695.10.

The top losers included Reliance Power (-3.96%), JBM Auto (-3.74%), Brainbees Solutions (-3.67%), Indian Energy Exchange (-2.62%) and CreditAccess Grameen (-2.18%).

On the contrary, Hindustan Copper ended 9.09% higher, as copper futures surged to their lifetime highs both domestically and internationally. The stock hit its 52-week high on Friday.

The other top gainers were Karur Vysya Bank (5.36%), NBCC (5.29%), Ircon International (4.42%) and Aster DM Healthcare (3.52%).