Top gainers and losers on January 2: Coal India, NTPC, Hindalco rise over 3.5%; check full list

The NIFTY50 index ended at record high on Friday, January 2, on the back of a broad-based buying interest amid positive cues from Asian markets. The SENSEX rose as much as 624 points and NIFTY50 index touched an all-time high of 26,332 powered by gains in the index heavyweights like HDFC Bank, ICICI Bank, Reliance Industries, NTPC, State Bank of India, Bajaj Finance and Infosys.

The SENSEX advanced 573 points to close at 85,762 and NIFTY50 index surged 181 points to close at record high of 26,327.75.

NIFTY50 gainers and losers

Coal India was top gainer in the NIFTY50 index, the stock advanced 7.15% to close at ₹429 after the Maharatna PSU firm permitted direct participation of foreign coal buyers in e-auction.

In a regulatory filing, Coal India said that, effective January 1, 2026, it has for the first time allowed coal consumers from neighbouring countries such as Bangladesh, Bhutan and Nepal to directly participate in its Single Window Mode Agnostic (SWMA) auctions to import coal from India.

CIL’s board has cleared the decks recently for this move, tweaking the scheme’s mechanism in the SWMA auction.

NTPC climbed 4.56% to close at ₹351.65 after reports suggested that the power generation firm is exploring multiple international collaborations in the area of technology and fuel to push its nuclear ambitions to diversify energy generation.

NTPC is looking to set up around 30 GW of company-owned nuclear projects across various locations in the country in line with the government's ambition of having 100 GW nuclear capacity by 2047.

Hindalco (3.53%), Trent (2.39%) and State Bank of India (2.12%) were also among the gainers.

On the flipside, ITC fell for second straight session, the stock closed 3.78% lower at ₹350 after the government has imposed an additional excise duty on cigarettes and other tobacco products effective February 1, under a revised tax structure that levies the steepest increase on longer, premium cigarettes.

Kotak Mahindra Bank (-1.26%), Nestle India (-1.13%), Shriram Finance (-0.94%) and Bajaj Auto (-0.62%) were also among the losers.

NIFTY Midcap 100 gainers and losers

NIFTY Midcap 100 index advanced 1.01% or 615 points to settle at 61,366. As many as 73 shares ended higher while 26 closed lower.

Torrent Power was top gainer in the NIFTY Midcap 100 index, the stock jumped 5.55% to close at ₹1,400.60. IREDA (5.47%), NHPC (5.2%), Dabur (5.09%) and NALCO (4.75%) were also among the gainers.

On the other hand, Waaree Energies (-3.02%), APL Apollo (-2.02%), Godfrey Phillips (-1.77%), Adani Total Gas (-1.10%) and PB Fintech (-1.08%) were top losers in the NIFTY Midcap 100 index.

NIFTY Smallcap 100 gainers and losers

NIFTY Smallcap 100 index rose 0.72% or 127 points to settle at 17,832. As many as 74 shares ended higher while 26 closed lower.

Ola Electric was top gainer in the NIFTY Midcap 100 index, the stock rose 9.28% to settle at ₹41 after the firm signalled a business turnaround in December 2025.

With 9,020 units registered in December (as per VAHAN data), the company has increased its market share month-on-month (MoM) to 9.3% in December over 7.2% in November 2025. In addition to this, Ola’s market share in the second half of December 2025 (as per VAHAN data) further increased to nearly 12%, indicating a clear uptick in demand and market share gains, it said.

“Ola Electric today announced early but decisive results from Hyperservice, its focused service transformation program, positioning the company for a sustained business turnaround driven by improving customer experience, rising demand, and disciplined operational execution,” the firm said in a statement on January 1.

JBM Auto (6.28%), Anant Raj (6.06%), CESC (5.12%) and Piramal Pharma (4.96%) were also among the gainers.

On the contrary, Radico Khaitan (-4.94%), Dr Lal Path Labs (-2.3%), Aegis Vopak Terminals (-1.36%), MRPL (-1.36%) and Atul (-1.16%) were top laggards in the NIFTY Smallcap 100 index.