Top gainers and losers on April 3: TCS, HCL Tech, TechM, Infosys fall over 3.5%; check full list

The Indian equity benchmarks ended lower on Thursday, April 3, after the US President Donald Trump announced “discounted reciprocal tariffs” to the tune of 27% on Indian imports to the US. The SENSEX fell as much as 810 points and the NIFTY50 index touched an intraday low of 23,145.80 dragged down by losses in information technology shares. The IT shares came under heavy selling pressure after reciprocal tariffs imposed by President Trump stoked fears of recession in the US, the Indian IT sector's biggest market. The SENSEX ended 322.08 points or 0.42% lower at 76,295.36 and NIFTY50 index declined 82.25 points or 0.35% to close at 23,250.10.

NIFTY50 top gainers and losers

Tata Consultancy Services (TCS) was top loser in the NIFTY50 basket of shares, the stock dropped 3.97% to close at ₹3,403.30 as fears of recession in US led to analysts raising concerns about pace of discretionary spending slowing down. HCL Technologies (-3.87%), Tech Mahindra (-3.73%), Infosys (-3.51%) and ONGC (-2.81%) were also among the losers.

On the flipside, Power grid was top gainer in the NIFTY50 basket of shares, the stock rose 4.60% to close at ₹299.95. Sun Pharma and Cipla rose over 3% each as the President Trump's order excluded imposition of tariffs on pharma companies. Ultratech Cement (3.06%) and Shriram Finance (2.30%) were also among the gainers.

NIFTY Midcap 100 gainers and losers

NIFTY Midcap 100 index outperformed NIFTY50 index as the measure of 100 mid-cap stocks advanced 0.21% or 108.95 points to settle at 52,162.15. As many as 65 shares in the index closed higher and 34 ended lower. IDFC Frist Bank was top gainer in the NIFTY Midcap 100 index. The stock advanced 5.56% to close at ₹60.37 after the bank informed exchanges that its business in financial year 2024-25 advanced 22.7% to ₹4,84,394 crore from ₹3,94,718 crore at the end of previous financial year.

Its loans grew from Rs. 2,00,965 crore as of March 31, 2024 to Rs. 2,41,848 crore as of March 31, 2025.

Mazagon Dock Shipbuilders advanced 5.15% after the company said that it completed Keel Laying Ceremony for Multi-Purpose Vessel being built for Navi Merchants Denmark.

GMR Airport (4.92%), Bharat Dynamics (4.21%) and Lupin (4.19%) were also among the gainers.

On the other hand, Persistent Systems was top loser in the NIFTY Midcap 100 index, the stock dropped 9.75% to close at ₹4,799 following weakness in other IT shares. Coforge (-7.81%), KPIT Technologies (-7.40%), Mphasis (-3.97%) and Sona BLW Precision Forgings (-3.36%) were also among the laggards.

NIFTY Smallcap 100 gainers and losers

Smallcap shares outperformed their larger peers as NIFTY Smallcap 100 index rose 0.58% or 93 points to close at 16,255.45. As many as 61 shares in the index ended higher while 38 ended lower.

Tejas Networks was top gainer in the NIFTY Smallcap 100 index. The stock jumped 8.73% to close at ₹873.10 on the back of heavy trading volumes. Over 2.79 crore shares changed hands on the National Stock Exchange as against an average of 32,75,711 shares traded daily in the last 10 days.

Trident jumped 7.45% on heavy volumes after the US imposed higher tariff on India's competing textile exporting nations like China, Vietnam, Cambodia, Bangladesh, Sri Lanka and Thailand.

Angel One (4.87%), Poonawalla Fincorp (4.52%) and Nuvama Wealth Management (4.37%) were also among the gainers.

On the other hand, KEC International (-4.87%), Zensar Technologies (-4.12%), Atul (-3.73%), Inventurus Knowledge Solutions (-2.93%) and Cyient (-2.44%) were among the losers in the NIFTY Smallcap 100 index.