Top gainers and losers on March 25: Ultratech Cement rises over 3%, while IndusInd Bank close 5.1% lower; check full list

The Indian equity benchmarks rose for seventh session in a row on Tuesday, March 25 led by gains in index heavyweights like HDFC Bank, Infosys, Bharti Airtel, Ultratech Cement and Axis Bank. For most part of the day, benchmarks traded firmly higher with NIFTY50 index rising above 23,700 and SENSEX surging as much as 757 points to hit an intraday high of 78,741.69. However, owing to profit booking in recent outperforming metal, consumer durables and defence shares, indices ended on a flat note. The SENSEX ended 33 points or 0.04% higher at 78,017.19 and NIFTY50 index rose 10 points or 0.04% to close at 23,668.65.

NIFTY50 gainers and losers

Ultratech Cement was top gainer in the NIFTY50 basket of shares, the stock rose 3.21% to close at ₹11,406 after UBS in a note said that revival in government-led capital expenditure will boost demand for its products. Trent (2.54%), Bajaj Finserv (2.18%), Grasim Industries (2.12%) and Infosys (1.66%) were also among the gainers.

On the flipside, IndusInd Bank dropped 5.12% to close at ₹635.15 after the bank informed exchanges that penalty of ₹30.15 crore was imposed on the bank by Joint Commissioner of CGST and Central Excise, Thane Commissionerate for various GST issues. The bank added that it will explore filing of appeal against the order.

Dr Reddy's Labs (-3.04%), Adani Enterprises (-2.08%), Coal India (-2%) and Adani Ports (-1.76%) were also among the losers.

NIFTY Midcap 100 gainers and losers

The NIFTY Midcap 100 index snapped its six-day winning streak on Tuesday. The index declined 1.06% to close at 51,969.75 and it touched an intraday high of 52,926.85 and low of 51,714.95. As many as 85 shares in the index ended lower while 15 closed higher. Dixon Technologies was top loser in the NIFTY Midcap 100 index, the stock dropped 7.12% to close at ₹13,568. Kalyan Jewellers (-4.26%), PB Fintech (-4.21%), Indian Overseas Bank (-3.98%) and Bank of Maharashtra (-3.73%) were also among the losers.

Bharti Hexacom was top gainer, in the NIFTY Midcap 100 space, the stock rose 3.61% to close at ₹1,440. Persistent Systems (2.59%), Polycab (2.48%), Coforge (2.26%) and Max Healthcare (2.06%) were also among the gainers.

NIFTY Smallcap 100 gainers and losers

Smallcap shares underperformed their larger and mid-cap peers and snapped its six-day winning streak on Tuesday. The NIFTY Smallcap 100 index declined 1.56% to close at 16,108.90. The index touched an intraday high of 16,519.75 and low of 16,062.25. As many as 86 shares in the NIFTY Smallcap 100 index closed lower led by Swan Energy's 6.43% decline. Castrol India (-5.33%), Olectra Greentech (-5.15%), Central Bank of India (-4.99%) and BEML (-4.59%) were also among the laggards.

On the other hand, Kalpataru Projects International was top gainer in the NIFTY Smallcap 100 index. The stock closed 4.16% higher at ₹1,021.20. Piramal Pharma (2.95%), Aster DM Healthcare (1.73%), Firstsource (1.64%) and Zensar Technologies (1.39%) were also among the gainers.