Top gainers and losers, March 11: Bajaj Finance, Axis Bank fall 5%, Eicher Motor, M&M down 4%; check list

Sentiment also weakened as investors assessed the domestic impact of ongoing tensions in West Asia, as the expanding war disrupted global fuel lifelines, including India's LPG supplies. The government has prioritised domestic cooking gas supply to households, leading to a supply crunch for hotels and restaurants, which use commercial LPG.

On Tuesday, the foreign institutional investors (FIIs) sold stocks worth ₹4,672.64 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹6,333.26 crore on a net basis, according to exchange data.

The SENSEX slumped by 1,342.27 points or 1.72% to close at 76,863.71. Meanwhile, NIFTY50 ended at 23,866.85, down by 394.75 points or 1.63%.

NIFTY50 top gainers and losers

The top loser in the NIFTY50 index was Bajaj Finance, which slipped 4.88%.

It was followed by Axis Bank (-4.62%), Bajaj Finserv (-3.81%), Eicher Motors (-3.66%) and Mahindra & Mahindra (-3.51%), which were among the other top losers on Wednesday.

On the other hand, just eight out of 50 NIFTY constituents advanced. The top gainers included Jio Financial Services (1.06%), Coal India (0.76%), Sun Pharmaceutical Industries (0.62%), Dr. Reddy's Laboratories (0.52%) and Oil & Natural Gas Corporation (0.52%).

NIFTY Midcap 100 top gainers and losers

NSE’s NIFTY Midcap 100 gauge declined by 1.25% or 716.55 points to close at 56,461.10 on March 11.

The index was dragged down by selling in the shares of Colgate Palmolive (-6.70%), Ashok Leyland (-4.42%), Polycab India (-4.12%), KEI Industries (-4.12%) and SRF (-3.99%), which were among the top laggards.

On the flip side, Adani Total Gas closed 19.99% higher. This comes despite the company informing the bourses that, in view of the recent escalation of geopolitical developments in the Middle East, some of its gas suppliers have curtailed their gas supply, which in turn has impacted its supplies to industrial customers.

This comes after the government, on Monday, invoked its powers under the Essential Commodities Act and issued the Natural Gas (Supply Regulation) Order, 2026, to regulate production, allocation, and distribution of natural gas, including LNG and regasified LNG. The company said that it is assessing the impact of the Centre’s order and is taking necessary steps to mitigate the impact.

The other top winners included Premier Energies (4.98%), Astral (4.71%), Indraprastha Gas (3.52%) and Blue Star (2.79%).

Shares of Astral rose amid a rise in pipe, pumps, and EPC firm stocks, as the Union Cabinet on Tuesday approved the extension of the Jal Jeevan Mission up to December 2028 with an enhanced outlay of ₹8.7 lakh crore, Union Minister Ashwini Vaishnaw said.

The stock of Blue Star surged amid the heatwave warning from the Indian Meteorological Department (IMD). On March 10, IMD issued a ‘severe heat warning’ for several areas in Mumbai, Thane, and Palghar, while the Raigad region was put under a yellow alert. These weather warnings came after temperatures in the regions touched 42.5 degrees earlier this week. Reports suggest that investors are also focusing on the potential rise in AC prices due to an upcoming hot summer season in 2026.

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap 100 index fell by 0.36% or 58.95 points to end at 16,414.85.

The top losers of the pack were Redington (-4.74%), Aegis Logistics (-4.51%), Signature Global (-4.49%), Jupiter Wagon (-4.42%) and Navin Flouring International (-3.44%).

On the contrary, Jindal Saw (19.75%), Radico Khaitan (4.32%), Aster DM Healthcare (3.08%), Brainbees Solutions (2.92%) and NCC (2.64%) were among the top gainers.