Top gainers and losers, June 29: Kotak Mahindra Bank falls 3%, M&M, Adani Ent down 2%; check list

The SENSEX tanked as much as 0.62% to hit an intraday low of 76,621.75. Meanwhile, the NIFTY50 touched the session’s low of 23,924.55.

On June 29, the 30-share BSE Sensex dropped by 372.10 points or 0.48% to end at 76,728.37. The 50-share NIFTY closed lower by 109.75 points or 0.46% at 23,946.25.

NIFTY50 top gainers and losers

Kotak Mahindra Bank dragged down the NIFTY50 pack, closing 2.93% lower on Monday, as the private sector bank on Saturday said its MD and CEO Ashok Vaswani will quit upon completion of his three-year tenure and will not seek re-appointment when his current term ends on December 31, 2026.

It was followed by Mahindra & Mahindra (-2.43%), Adani Enterprises (-2.24%), Tata Motors PV (-2.10%), and InterGlobe Aviation (-2.07%), which were among the top losers.

On the other hand, its top gainers included Max Healthcare Institute (2.37%), Dr. Reddy’s Laboratories (2.26%), Coal India (1.72%), Eternal (1.57%), and Bharat Electronics (1.55%).

NIFTY Midcap 100 top gainers and losers

NSE’s NIFTY midcap gauge, the Midcap 100, closed 0.37% or 228.20 points lower at 61,567.30 on June 29.

It was dragged down by Persistent Systems, which settled 11.35% lower. The stock touched a 52-week low of ₹4,265 during the trading session, after investors focused on the company’s Nagarro acquisition update.

As per the exchange filing, Persistent Systems disclosed that the company plans to take over Nagarro, a German digital engineering company, as the firm aims to create an AI-led digital engineering powerhouse with $2.9 billion in revenue run-rate. However, market experts predict that the takeover deal is estimated to be expensive, considering the historic growth trajectory of the mid-tier IT company and its strategic presence in the European market.

It was followed by Astral (-7.86%), after investors reacted to the company’s chemicals business demerger update from the main entity to form Astral Chemie Limited, according to an exchange filing.

Analysts at JP Morgan predict that although the move is to focus on capital allocation and improving margins, among other things, the demerger could potentially impact the company’s growth prospects of the still relatively sub-scale remaining Paints & Adhesives segment.

Supreme Industries (-6.69%), PI Industries (-4.37%) and Hindustan Petroleum Corporation (-4.36%) were among the other top laggards.

Shares of HPCL declined, along with other oil marketing companies (OMCs), as crude oil prices increased amid renewed hostilities between the United States and Iran.

On the flipside, the top winners were National Aluminium Company (4.32%), KEI Industries (3.93%), Bharat Heavy Electricals (2.78%), and NHPC (2.78%).

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap 100 ended at 18,673.10, down by 117.25 points or 0.62%.

The top losers included Netweb Technologies (-9.34%), Brigade Enterprises (-4.80%), Tata Technologies (-4.40%), HBL Engineering (-3.90%), and IIFL Finance (-3.69%).

On the contrary, Ather Energy (8.44%), Meesho (4.10%), Welspun Corp (4.04%), Jyoti CNC Automation (3.66%), and Aegis Logistics (3.10%) were among the top gainers.