Top gainers and losers, Oct 7: Titan, AEL tumble 4%, Kotak Mahindra Bank jumps 2%; check list

The six-member MPC, chaired by RBI Governor Sanjay Malhotra, also changed its stance to “calibrated tightening” from "neutral" and also underscored that a rate cut is unlikely in the near term given the current conditions.

Furthermore, a weakening rupee, surge in global crude oil prices and continued foreign investment outflows also weighed on investor sentiment.

On Tuesday, the foreign institutional investors (FIIs) sold shares worth ₹2,961.30 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹5,088.92 crore on a net basis, according to exchange data.

The SENSEX tumbled as much as 0.82% to hit an intraday low of 72,468.72. Meanwhile, the NIFTY50 tanked as much as 1% to touch the session’s low of 22,546.30.

On October 7, the 30-share BSE SENSEX declined by 429.11 points or 0.59% to close at 72,638.70. The 50-share NIFTY fell by 173.05 points or 0.76% to end at 22,603.05.

NIFTY50 top gainers and losers

The top losers in the index included Titan Company, which closed 3.80% lower after the company’s Q2 FY27 business update showed domestic jewellery growth of around 21% year-on-year, below several analysts’ expectations.

It was followed by Adani Enterprises Ltd (AEL) (-3.75%), Hindalco Industries (-3.15%), Bharat Electronics Ltd (BEL) (-2.35%), and JSW Steel (-2.35%), which were among the other top losers.

On the other hand, Kotak Mahindra Bank (1.88%), BSE (1.54%), Bharti Airtel (1.29%), ICICI Bank (1.09%) and Coal India (0.69%) were among the top gainers.

Shares of Bharti Airtel rose as the company announced a hike in monthly rentals across its postpaid portfolio, while offering customers one free international roaming trip every year as part of the revamped plans. The new plans will come into effect from Thursday, October 8.

Under the revised portfolio, the individual postpaid plan has been priced at ₹499 per month, up from ₹449 currently, while family plans will also become costlier. The two-connection family plan will now cost ₹749 per month, compared with ₹699 earlier.

NIFTY Midcap 100 top gainers and losers

NSE’s NIFTY midcap gauge, the Midcap 100, ended 0.63% or 378.60 points lower at 59,382.60 on October 7.

National Aluminium Company (-4.73%), IndusInd Bank (-3.44%), Tube Investments of India (-3.43%), AU Small Finance Bank (-3.37%) and Ashok Leyland (-2.93%) were among the top laggards.

On the flip side, the top winners included Bank of Maharashtra (4.15%), Kalyan Jewellers India (3.80%), LIC Housing Finance (2.67%), KEI Industries (2.64%) and Jubilant Foodworks (2.41%).

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap 100 closed at 19,506.95, up by 58.25 points or 0.30%.

The top gainers were Chennai Petroleum Corporation (14.18%), Cupid (6.25%), Physicswallah (5.87%), Gland Pharma (5.09%) and Aegis Logistics (4.86%).

On the contrary, Urban Company (-3.06%), KEC International (-3.17%), Gallantt Ispat (-3.03%), Gujarat Mineral Development Corporation (-2.78%) and R R Kabel (-2.67%) were among the top losers.