Top gainers and losers on January 8: Hindalco, Jio Financial Services, ONGC shares fall over 3.3%; check full list

The Indian equity benchmarks dropped for a third straight session on Thursday, January 8, with NIFTY50 index posting its worst day since August 26, 2025 and SENSEX posting its biggest single day loss since March 26, 2025.

US Senator Lindsey Graham on Wednesday said that the legislation would give the White House "tremendous leverage" against countries like China, India and Brazil to incentivise them to stop buying cheap oil from Russia.

“After a very productive meeting today with President Trump on a variety of issues, he greenlit the bipartisan Russia sanctions bill that I have been working on for months with Senator Blumenthal and many others,” Graham said in a post on X Wednesday.

NIFTY50 top gainers and losers

Hindalco was top loser in the NIFTY50 index, the stock dropped 3.78% to close at ₹903, mirroring losses in other metal stocks on account of profit booking after witnessing a stellar run.

Jio Financial Services (-3.57%), ONGC (-3.29%), Wipro (-3.29%) and Tech Mahindra (-3.03%) were also among the losers.

On the flipside, Eternal (0.78%), SBI Life (0.53%), ICICI Bank (0.5%) and Bajaj Finance (0.13%) were among the notable gainers in the NIFTY50 index.

NIFTY Midcap 100 top gainers and losers

NIFTY Midcap 100 index crashed nearly 2% or 1,202 points to close at 60,222. As many as 95 shares ended lower while five managed to end higher.

BHEL was top loser in the NIFTY Midcap 100 index, the stock dropped 8.78% to close at ₹277 after reports suggested that government plans to scrap curbs on Chinese firms bidding for government contracts.

Hitachi Energy (-6.1%), NALCO (-5.57%), NMDC (-5.47%) and HPCL (-5.4%) were also among the top losers in the NIFTY Midcap 100 index.

On the other hand, Dixon Technologies (1.85%), IDFC First Bank (1.75%), Indus Towers (0.09%), Vodafone Idea (0.09%) and Oberoi Realty (0.08%) were notable gainers in the NIFTY Midcap 100 index.

NIFTY Smallcap 100 top gainers and losers

NIFTY Smallcap 100 index tumbled 1.99% or 357 points to settle at 17,601. A total of 89 stocks ended lower while 11 managed to close higher.

Signature Global was top loser in the NIFTY Smallcap 100 index, the stock dropped 8.18% to close at ₹1,015 amid very high trading volumes.

Swan Corp (-5.59%), Jupiter Wagons (-5.51%), Hindustan Copper (-5.4%) and HBL Engineering (-4.77%) were also among the top laggards in the NIFTY Smallcap 100 index.