Top gainers and losers, March 16: UltraTech Cement soars 4%, Grasim, M&M up 3%, BEL down 2%; check list

On Friday, the foreign institutional investors (FIIs) sold stocks worth ₹10,716.64 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹9,977.42 crore on a net basis, according to exchange data.

The SENSEX rallied by as many as 1,241.35 points to touch an intraday high of 75,805.27. Meanwhile, the NIFTY50 hit the day’s peak of 23,502.

The SENSEX advanced by 938 points, or 1.26%, to end at 75,502.85, while the NIFTY50 closed at 23,408.80, up by 257.70 points or 1.11%.

NIFTY50 top gainers and loserS

Shares of UltraTech Cement contributed to the gains in the NIFTY50 pack, closing 4.46% higher.

It was followed by Grasim Industries (3.44%), Mahindra & Mahindra (3.34%), Eternal (3.16%) and Trent (2.68%), which were among the top gainers.

On the flip side, the top losers included Bharat Electronics, which closed 2.48% lower. Max Healthcare Institute (-2.32%), Wipro (-1.79%), Coal India (-1.71%) and Oil & Natural Gas Corporation (-1.51%) were among the other top losers.

NIFTY Midcap 100 top gainers and losers

The NIFTY Midcap 100 closed 0.27% or 146.15 points lower at 54,614.95 on March 16.

The top losers in the index were Adani Total Gas, which ended 7.32% lower. The stock came under selling pressure after the company informed exchanges that it cut the price of excess natural gas supplied to certain industrial customers to ₹82.95 per standard cubic metre (SCM) from ₹119.90 per SCM, effective 0600 hours on March 16, as upstream gas prices softened amid ongoing supply disruptions.

It was followed by KPIT Technologies (-4.42%), National Aluminium Company (-4.04%), Fortis Healthcare (-4.02%) and Steel Authority of India (-3.93%), which were among the other top laggards.

On the contrary, Persistent Systems (4.53%), One 97 Communications (3.82%), Vishal Mega Mart (2.88%), BSE Ltd (2.25%) and Waaree Energies (2.06%) were the top winners.

NIFTY Smallcap 100 top gainers and losers

NSE’s small-cap gauge, the NIFTY Smallcap 100, closed at 15,810.35, marking an 84.90-point or 0.53% decline.

Bandhan Bank (-7.60%), The Great Eastern Shipping Company (-5.73%), Brainbees Solutions (-4.99%), Laurus Labs (-4.16%) and Devyani International (-4.04%) were among the top losers.

On the other hand, the top gainers included Mangalore Refinery and Petrochemicals (15.70%), Tejas Networks (5.55%), Ola Electric Mobility (5.33%), Zen Technologies (3.98%) and Poonawalla Fincorp (3.93%).

Shares of Tejas Networks surged as it was selected for a 4G network expansion project in South Asia. In an exchange filing on Monday, the company announced that it secured a purchase order to supply its state-of-the-art 4G Radio Access Network (RAN) solutions for a mobile network in South Asia.