Top gainers and losers, March 10: Shriram Finance jumps 8%, Eicher Motor, Tata Motors PV up 4%; check list

On Monday, the foreign institutional investors (FIIs) sold stocks worth ₹6,345.57 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹9,013.80 crore on a net basis, according to exchange data.

The SENSEX advanced by as many as 960.09 points to an intraday high of 78,526.25. Meanwhile, the NIFTY50 touched the session’s peak of 24,303.80.

The SENSEX rose 639.82 points or 0.82% to close at 78,205.98, while the NIFTY50 ended 233.55 points or 0.97% higher at 24,261.60.

NIFTY50 top gainers and losers

The NIFTY50 pack was led by Shriram Finance, which closed 8.05% higher.

It was followed by Eicher Motors (3.84%), Tata Motors PV (3.73%), InterGlobe Aviation (2.46%) and Mahindra & Mahindra (3.40%), which were among the other top gainers.

Shares of InterGlobe Aviation, the parent company of budget airline carrier IndiGo, rose as crude prices fell sharply in early trade. Oil prices dropped as the US President Donald Trump recently remarked on a potential de-escalation of the raging US-Iran conflict, which he said is to end “very soon.” Aviation turbine fuel (ATF) is a significant part of airlines’ operating costs.

On the contrary, the top losers in the index were Infosys (-1.41%), Eternal (-1.25%), Reliance Industries (-0.92%), Bharti Airtel (-0.59%) and Tata Consultancy Services (-0.40%).

Eternal stock declined as the hotel and restaurant industry body FHRAI on Monday flagged the shortage of commercial cooking gas cylinders due to supply disruptions and sought government intervention in the matter.

The Federation of Hotel and Restaurant Associations of India (FHRAI) wrote to Minister of Petroleum and Natural Gas Hardeep Singh Puri, flagging "widespread disruption at the ground level".

FHRAI stated that several distributors are withholding supplies, citing a government order dated March 5.

NIFTY Midcap 100 top gainers and losers

The NSE Midcap gauge ended at 57,177.65, reflecting a 912.15 points or 1.62% jump.

It was supported by gains in Dixon Technologies, which closed 12.56% higher after the company secured approval for manufacturing display modules from the Ministry of Electronics and Information Technology. According to the exchange filing, Dixon Display Technologies Private LTD (DDTPL), a wholly owned subsidiary of Dixon Technologies, will sell 26% stake in the subsidiary to HKC Overseas Ltd to team up in manufacturing display modules in India.

Glenmark Pharmaceuticals (5.69%), Suzlon Energy (4.82%), GMR Airports (4.65%) and Union Bank of India (4.43%) were among the other top winners.

On the flipside, Polycab India fell by 6.12%. It was followed by KEI Industries (-4.92%), Coforge (-2.32%), Swiggy (-2.09%) and Jubilant Foodworks (-1.05%), which were among the top laggards.

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap index increased by 341.60 points or 2.12% to close at 16,473.80.

Its top gainers included Redington (10.78%), after a report that the company now produces around 25% of Apple’s flagship product, the iPhone, in India.

Tejas Networks (10%), Inventurus Knowledge Solutions (7.11%), Cyient (6.01%), and Capri Global Capital (5.95%) were among the other top gainers.

Conversely, The Ramco Cements (-1.99%), Data Patterns (-1.78%), Aditya Birla Real Estate (-1.29%), Atul (-1.08%) and International Gemmological Institute (-0.73%) were among its top losers.