Top gainers and losers on March 5: Coforge surges 8.42% as NIFTY snaps 10-day losing streak

The NIFTY50 index snapped its 10-day losing streak on Wednesday led by gains in IT shares. The NIFTY50 index rose as much as 312 points to hit an intraday high of 22,394.90 and The SENSEX rose as much as 943.87 points to hit an intraday high of 73,933.80. The SENSEX ended 740.30 points higher 73,730 and NIFTY50 index climbed 254.65 points to close at 22,337.30.

Top gainers and losers

As many as 46 stocks on the NIFTY50 index traded positive, while the only 4 closed in red. The biggest gainers on the index were Adani Ports, Tata Steel, Adani Enterprises, Power Grid and Mahindra and Mahindra (M&M), climbing as much as 5.15%.

On the flip side, Bajaj Finance (-3.37%), IndusInd Bank (-1.48%), HDFC Bank (-1.05%) and Shriram Finance (-0.14%) were the top losers, declining as much as 3.37% on the 50-share index.

Broader market

The broader market outperformed the main indices on Wednesday as Nifty Midcap 100 rallied 2.42% at 49,168.35 while Nifty Smallcap 100 closed 2.96% higher at 15,199.1 level.

Sector watch

All sectors closed in green with NIFTY IT (2.13%), NIFTY Metal (4.04%), NIFTY Media (3.14%), NIFTY PSU Bank (3%) and NIFTY Auto (2.6%) contributing most to Wednesday’s rally.

Market statistics

As many as 2,967 stocks traded on the NSE on Wednesday. Out of this, 2,461 advanced and only 436 stocks declined, while 70 scrips remained unchanged.

A total of 14 stocks hit their 52-week highs, while 124 stocks touched their one-year lows. Besides, 290 stocks hit their upper circuit limits, and 124 touched their lower circuit bands on Wednesday.

India VIX, the volatility gauge, stood at 13.67 levels, falling 1.15%.

Stocks in news

The company, as intimated earlier, announced that its board has approved the sub-division of its existing shares in the ratio of 1:5. On Tuesday, Coforge had said that it has entered into a 13-year partnership with travel technology company Sabre Corporation. The IT solutions firm also announced that it will acquire Rythmos Inc.

On a year-to-date basis, APSEZ handled 408.7 million metric tonnes (MMT) of total cargo, jumping 7% YoY. This volume was led by containers (+20% YoY) and liquids and gas (+9% YoY).

Adani Ports shares closed 5.15% higher at ₹1,112.45 apiece on the National Stock Exchange. It was the biggest contributing scrip on the NIFTY50 index.

Shares of the auto maker closed at ₹2,721.35 apiece on NSE, soaring 4.13%. It was among top five most contributing stocks on the 50-share index.

As per the block deal data, Thai Union Group on Tuesday divested a 4.4% stake in Avanti Feeds for ₹435 crore through an open market transaction. According to the block deal data available on the NSE, Thai Union Group, through its arm Thai Union Asia Investment Holding, sold 59.77 lakh shares, amounting to a 4.4% stake in Avanti Feeds.