Top gainers and losers, October 9: Apollo Hospitals jumps 5%, ITC rallies 4%, BSE falls over 1%; check list

The markets closed higher, supported by a decline in global crude oil prices, easing US bond yields, and strong global cues.

The SENSEX zoomed as much as 1.50% to hit an intraday high of 72,669.20. Meanwhile, the NIFTY50 surged as much as 1.6% to touch the session’s peak of 22,580.75, a day after the index hit its 52-week low.

On October 9, the SENSEX advanced by 879.09 points or 1.23% to close at 72,472.33, while the NIFTY50 ended higher by 288.65 points or 1.30% at 22,520.45.

NIFTY50 top gainers and losers

The NIFTY50 index was supported by buying in the shares of Apollo Hospitals Enterprise (4.72%), amid a rally in pharma and hospital stocks as uncertainty eases after the latest 30% trade margin cap on anti-cancer drugs.

The relief rally after days of uncertainty among pharma and hospital stocks comes after the latest announcement from the Department of Pharmaceuticals suggests that the central government has decided to cap trade margins for non-scheduled anti-cancer drugs at 30% of the maximum retail price.

It was followed by ITC Ltd (4.31%), Eicher Motors (4.17%), Tata Consultancy Services (3.85%) and HCL Technologies (3.38%), which were among the other top gainers.

Shares of TCS jumped following the company's Q2 results, which were broadly in line with or exceeded expectations on key parameters, and the US government's decision to suspend the Permanent Labor Certification Program (PERM).

TCS kicked off the Q2 earnings season for India Inc on Thursday, reporting a 15% jump in net profit to ₹13,884 crore and pointing to continued growth momentum going forward. The country's largest IT services company posted a net profit of ₹12,075 crore in the year-ago period and ₹13,349 crore in the preceding September quarter.

On the contrary, the top losers included BSE Ltd (-1.43%), Reliance Industries Ltd (RIL) (-0.65%), JSW Steel (-0.61%), and Cipla (-0.44%).

NIFTY MIDCAP 100 top gainers and losers

The NSE Midcap gauge closed at 58,787.30, marking a 904.80-point or 1.56% increase.

The top winners included Persistent Systems (5.52%), GMR Airports (5.17%), Colgate Palmolive (4.73%), Glenmark Pharmaceuticals (4.60%) and ICICI Lombard General Insurance Company (4.08%).

Shares of Colgate Palmolive, along with other FMCG companies, were in focus, following the latest media reports that showed the 57th GST Council recommended changes to the input tax credit (ITC) rules, which include removing restrictions on credit for free sanctions and other business expenses.

On the flip side, Tube Investments of India (-1.25%), ICICI Asset Management Company (-1.20%), Tata Communications (-1.16%), Jubilant Foodworks (-1.13%) and JSW Energy (-0.97%) were among the top laggards.

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap index closed at 19,153.70, up by 103.60 points or 0.54%.

Its top gainers included Inox Wind (6.76%), City Union Bank (5.48%), KEC International (4.62%), Tata Elxsi (4.47%) and RBL Bank (4.32%).

Conversely, Anand Rathi Wealth (-4.68%), Pine Labs (-3.97%), Aarti Industries (-3.38%), Chennai Petroleum Corporation (-2.85%) and Anant Raj (-2.29%) were among its top losers.