Top gainers and losers on December 5: Shriram Finance, State Bank of India, Bajaj Finserv rise over 2.13%; check full list

The Indian equity benchmarks ended higher for second straight session led by gains in interest rate sensitive stocks after the Reserve Bank of India's Monetary Policy Committee cut repo rate by 25 basis points to a three-year low of 5.25%.

The SENSEX surged as much as 531 points and NIFTY50 index touched an intraday high of 26,202.60 led by gains in State Bank of India, HDFC Bank, Bajaj Finance, ICICI Bank and Maruti Suzuki.

The SENSEX rose 447 points to close at 85,712 and NIFTY50 index advanced 153 points to settle at 26,186.

NIFTY50 top gainers and losers

Shriram Finance was top gainer in the NIFTY50 index, the stock rose 3.04% to close at ₹853, mirroring gains in other NBFC shares as RBI's rate cut will lead to lower borrowing cost for NBFCs.

State Bank of India (2.49%), Bajaj Finserv (2.13%), Adani Enterprises (2.03%) and Maruti Suzuki (1.91%) were also among the gainers.

On the flipside, Hindustan Unilever dropped 3.34% to close at ₹2,341 on record date for demerger of ice cream business.

IndiGo dropped 1.27% lower as it continues to face flight disruptions for a third day in a row. Eternal (-1.35%), Trent (-1.27%) and Sun Pharma (-0.73%) were also among the losers.

NIFTY Midcap 100 gainers and losers

NIFTY Midcap 100 index rose 0.49% or 295 points to close at 60,595. As many as 56 shares ended higher while 44 closed lower.

M&M Financial Services was top gainer in the NIFTY Midcap 100 index, the stock rose 5.92% to close at ₹367.55.

Patanjali Foods (3.64%), SBI Cards (3.56%), Indus Towers (3.48%) and L&T Finance (3.26%) were also among the top gainers in the NIFTY Midcap 100 index.

On the other hand, Premiere Energies (-4.57%), Waaree Energies (-3.86%), Hitachi Energy (-3.58%), Motilal Oswal (-3.19%) and IREDA (-2.12%) were top losers in the NIFTY Midcap 100 index.

NIFTY Smallcap 100 gainers and losers

NIFTY Smallcap 100 index underperformed its large- and mid-cap peers as it dropped 0.57% or 100 points to close at 17,508. As many as 76 shares ended lower while 24 closed higher.

Kaynes Technology was top loser in the NIFTY Smallcap 100 index, the stock fell 12.31% to close at ₹4,365 after a Moneycontrol report suggested that Kotak Institutional Equities raised concerns over inconsistencies in the company's related-party disclosures across its standalone entity and key subsidiaries.

Data Patterns (-4.73%), PG Electroplast (-4.37%), Bandhan Bank (-4.09%) and Credit Access Graameen (-3.86%) were also among the laggards on the NIFTY Smallcap 100 index.

On the contrary, PNB Housing Finance (2.44%), Manappuram Finance (2.15%), Himadri Speciality Chemical (1.96%) and Cholamandalam Financial Holdings were top gainers in the NIFTY Smallcap 100 index.