Top gainers and losers, June 10: Hindalco, Coal India, ONGC fall 3%, Nestle India, HUL rise 2%; check list

On June 10, the NIFTY 50 edged lower by 27.15 points or 0.12% to close flat at 23,214.95. Meanwhile, the SENSEX ended flat at 73,983.18, up by 0.09% or 64.42 points.

NIFTY50 top gainers and losers

Hindalco Industries (-3.41%), Coal India (-3.34%), Oil & Natural Gas Corporation (-2.74%), Eternal (-2.36%) and SBI Life Insurance Company (-2.32%) were among the top losers on Wednesday.

On the other hand, the top gainers included Nestle India (1.95%), Hindustan Unilever (1.85%), Axis Bank (1.67%), Kotak Mahindra Bank (1.65%) and ICICI Bank (1.41%).

Shares of Hindustan Unilever (HUL) advanced on elevated volumes as investors focused on defensive sector bets amid escalating geopolitical tensions and a stable outlook for the fast-moving consumer goods (FMCG) industry. Analysts from the US-based leading investment firm JP Morgan said that the premiumization trend is expected to fuel growth in HUL’s gross margins, which in turn is estimated to be used for reinvestment in brand building.

NIFTY Midcap 100 top gainers and losers

NSE’s NIFTY Midcap 100 gauge fell by 1.49% or 905.52 points to close at 59,810.20 on June 10.

The index was weighed down by selling in the shares of Oil India, which lost 9.45%.

It was followed by Bharat Heavy Electricals (-4.85%), Kalyan Jewellers India (-4.75%), IndusInd Bank (-4.10%) and Hitachi Energy India (-3.57%), which were among the other top laggards.

On the flip side, the top winners comprised Coromandel International (4.14%), SRF (1.87%), Colgate Palmolive (1.72%), Bharat Forge (1.68%) and PB Fintech (1.18%).

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap 100 index declined by 1.33% or 241.10 points to close at 17,822.50.

Its top losers included IFCI, which ended 6.95% lower. Manappuram Finance (-5.81%), the Great Eastern Shipping Company (-5.21%), Data Patterns (-4.40%) and Reliance Power (-4.25%) were among the other top losers.

On the contrary, the top gainers were Chambal Fertilizers & Chemicals (4.90%), Afcons Infrastructure (4.39%), Navin Fluorine International (2.80%), Syngene International (2.59%) and Aster DM Healthcare (2.49%).

Shares of Afcons Infrastructure, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, surged after securing an order worth ₹5,301 crore for the Vadhvan Port Project.

The company said that it has received a letter of award (LoA) from the Vadhvan Port Project Limited (VPPL) for the construction of a 10.14 km-long breakwater at the upcoming Vadhvan Port in Maharashtra. When completed, it will be the second-longest breakwater in the world.