Top gainers and losers, May 4: Adani Ports soars 5%; Eicher Motors, Jio Financial, Adani Ent rise 3%

Domestically, investor sentiment also turned positive after Prime Minister Narendra Modi-led Bharatiya Janata Party (BJP) won West Bengal assembly elections for the first time and returned to power in Assam.

On Thursday, the foreign institutional investors (FIIs) sold stocks worth ₹8,047.86 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹3,487.10 crore on a net basis, according to exchange data.

The SENSEX rallied as much as 1.3% to an intraday high of 77,910.75, while the NIFTY50 touched the session’s peak of 24,290.20.

On May 4, the SENSEX closed 355.90 points or 0.46% higher at 77,269.40. Meanwhile, the NIFTY50 surged 121.75 points or 0.51% to end at 24,119.30.

NIFTY50 top gainers and losers

The NIFTY50 pack was led by Adani Ports & SEZ, which closed 5.41% higher, as it announced its monthly business updates. Adani Ports and Special Economic Zone (APSEZ) has handled a cargo volume of 43.1 MMT (+15% Year-on-Year (YoY)) in April 2026.

Eicher Motors (3.11%), Jio Financial Services (2.98%), Adani Enterprises (2.68%), and Reliance Industries (2.54%) were among the other top gainers.

Shares of Eicher Motors rose, as its subsidiary, Royal Enfield, posted a 31% rise in total sales at 1,13,164 units in April 2026 as compared to 86,559 units sold in the same month last year. Its domestic sales were at 1,04,129 units as against 76,002 units in April 2025, up 37%.

On the other hand, shares of Kotak Mahindra Bank closed 3.18% lower, as the private sector lender’s earnings failed to impress the market investors. It earned a net profit of ₹4,027 crore in the January-March quarter, marking an increase of 13% from ₹3,552 crore in the same period last year. The uptick in profit came on the back of sharply lower provisions for bad loans and an improvement in asset quality.

The other top losers included Bharti Airtel (-3.12%), Dr. Reddy’s (-2.61%), ONGC (-2.22%) and TCS (-1.77%).

NIFTY Midcap 100 top gainers and losers

The NSE Midcap gauge closed at 60,159.75, up by 374.90 points or 0.63% on May 4.

It was supported by gains in Bharat Heavy Electricals (BHEL), which ended 7.59% higher. It hit a 52-week high during the trading session, as its consolidated net profit skyrocketed 156% to ₹1,290 crore for the January-to-March quarter of the financial year 2025-26, as compared to ₹504 crore in the same period of the previous fiscal year.

The company’s board has also recommended a final dividend of ₹1.40 per share of ₹2 each (i.e., @ 70% on the paid-up share capital of the company) for FY26.

It was followed by Laurus Labs (5.81%), Motilal Oswal Financial Services (4.72%), Godrej Properties (4.56%) and KEI Industries (4.35%), which were among the other top winners.

On the flipside, the top laggards included Coforge (-3.51%), Oil India (-2.81%), Indian Bank (-2.74%), Indus Towers (-2.48%) and Mahindra & Mahindra Financial Services (-2.48%).

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap index increased by 125.35 points or 0.70% to close at 18,132.50.

Its top gainers were Dr. Lal Path Labs (14.39%), which rallied on strong investor buying interest, prompting high volume gains amid steady revenue in the March quarter financial results for the year ended 2025-26.

It was followed by Meesho (12.46%), Cholamandalam Financial Holdings (7.32%), Neuland Laboratories (7.31%) and CESC (6.57%).

Conversely, Piramal Finance (-5.68%), Sona BLW Precision Forgings (-5.23%), Garden Reach Shipbuilders (-4.84%), Mangalore Refinery and Petrochemicals (-4.51%) and Kfin Technologies (-3.37%) were among its top losers.