Top gainers and losers, Feb 1: BEL, Hindalco, ONGC drop 6%, Wipro up 2%; check full list

On Friday, the foreign institutional investors (FIIs) purchased stocks worth ₹2,251.37 crore, while the domestic institutional investors (DIIs) sold equities worth ₹601.03 crore on a net basis, according to exchange data.

The SENSEX crashed by 1,843 points or 2.23% to close at 80,722.94. Meanwhile, the NIFTY50 ended at 24,825.45, slipping 2.33% or 593.45.

NIFTY50 top gainers and losers

Bharat Electronics dragged the NIFTY50 index, closing 6.02% lower, as the 2026-27 Budget failed to enthuse investors and dashed their hopes of higher spending on the defence sector, with an outlay of ₹7.85 lakh crore in FY27 (up 15%).

It was followed by Hindalco Industries (-5.78%), Oil & Natural Gas Corporation (-5.50%), State Bank of India (-5.31%) and Adani Ports and Special Economic Zone (-5.06%), which were among the top losers on Sunday.

On the other hand, Wipro closed in the positive territory, up 2.12%, as information technology (IT) shares outperformed the broader markets after the government increased the threshold for availing safe harbour for IT services from ₹300 crore to ₹2,000 crore.

Max Healthcare Institute (1.82%), Tata Consultancy Services (1.74%), Cipla (1.44%) and Sun Pharmaceutical Industries (0.86%) were the day’s top gainers. Six out of 50 stocks ended on the winners' list.

Cipla and Sun Pharma shares rose as the Finance Minister Nirmala Sitharaman, while presenting the Budget, announced an outlay of ₹10,000 crore over the next five years for developing biologics and biosimilars.

Sitharaman proposed Biopharma Shakti, meaning biopharma strategy for health advancement through knowledge, technology, and innovation.

NIFTY Midcap 100 top gainers and losers

NSE’s NIFTY Midcap 100 gauge tanked 2.24% or 1,311.20 points to close at 57,120.80 on February 1.

The index was weighed down by Bharti Dynamics, which lost 10.41%, as the defence outlay failed to meet investor expectations.

The other top laggards included Muthoot Finance (-8.61%), Bank of India (-8.59%), National Aluminium Company (-8.34%) and BSE (-8.12%).

Shares of Muthoot Finance fell as gold prices crashed 9% on the MCX. Furthermore, NALCO stock declined amid a downfall in commodity prices, including gold, silver and copper.

BSE scrip slumped due to the STT rate hike on futures and options.

On the flipside, Tata Communications gained 4.04%, followed by One 97 Communications (4%), Prestige Estates Projects (1.74%), Tata Elxsi (1.68%) and Kalyan Jewellers India (1.26%), which were among the top winners.

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap 100 index declined by 2.73% or 460.95 points to close at 16,418.15.

Its top losers included Hindustan Copper (-13.11%), MCX (-11.95%), IIFL Finance (-10.18%), Garden Reach Shipbuilders & Engineers (-8.65%) and Angel One (-8.62%).

On the contrary, Amber Enterprises India (4.93%), Anant Raj (4.82%), IFCI (4.21%), Zensar Technologies (3.31%) and Aster DM Healthcare (3.04%) were among the top gainers.