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3 min read | Updated on May 16, 2025, 18:09 IST
SUMMARY
Bharti Airtel was top loser in the NIFTY50 basket of shares, the stock fell 2.83% to close at ₹1,814.40 on reports that Singapore-based Singtel, through its subsidiary Pastel, sold 0.8% stake via block deals.
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Bharat Electronics was top loser in the NIFTY50 basket of shares, the stock rose 3.82% to close at ₹363.80. | Image: PTI
Top gainers and losers on May 16: Bharti Airtel, HCL Tech, Infosys fall over 1.5%; check full list
The Indian equity benchmarks ended lower on Friday, May 16, dragged down by losses in Bharti Airtel, Infosys, State Bank of India, HCL Technologies, Tata Consultancy Services and Larsen & Toubro. The SENSEX fell as much as 384 points and NIFTY50 index fell below its important psychological level of 25,000 at the day's lowest level. The SENSEX ended 200 points lower at 82,330.59 and NIFTY50 index slipped 42 points to close at 25,019.80.
Bharti Airtel was top loser in the NIFTY50 basket of shares, the stock fell 2.83% to close at ₹1,814.40 on reports that Singapore-based Singtel, through its subsidiary Pastel, sold 0.8% stake via block deals. According to a term sheet accessed by CNBC-TV18, the deal was valued at nearly ₹8,570 crore, with JPMorgan acting as the broker.
HCL Technologies (-2.06%), Infosys (-1.46%), JSW Steel (-1.35%) and Shriram Finance (-1.26%) were also among the losers.
On the flipside, Bharat Electronics was top loser in the NIFTY50 basket of shares, the stock rose 3.82% to close at ₹363.80 mirroring larger buying trend in defence shares.
Tata Consumer Products (1.99%), Bajaj Auto (1.98%), Adani Enterprises (1.23%) and Hindustan Unilever (1.05%) were also among the gainers.
NIFTY Midcap 100 index outperformed NIFTY50 index as it rose 0.94% or 530 points to close at 57,060.50. As many as 72 shares in the NIFTY Midcap 100 index ended higher while 28 closed lower. Cochin Shipyard (12.96%) and Mazagon Dock (10.73%) were among the top gainers in the NIFTY Midcap 100 index indicating strong buying interest around defence shares.
Premiere Energies (9.59%), RVNL (9.18%) and SJVN (6.10%) were also among the gainers.
On the other hand, KPIT Tech was top loser in the NIFTY Midcap 100 index, the stock fell 2.10% to close at ₹1,363. LT Foods (-1.76%), Patanjali Foods (-1.72%), Jubilant FoodWorks (-1.54%) and Max Healthcare (-1.48%) were also among the laggards.
NIFTY Smallcap 100 index outperformed both NIFTY50 and NIFTY Midcap 100 indices as it climbed 1.86% or 320 points to close at 17,560.40. As many as 71 shares in the index closed higher.
IFCI was top gainer in the NIFTY Smallcap 100 index, the stock rose 15% to close at ₹51.40 after the company’s net profit for Q4 FY25 jumped 44.4% to ₹227.28 crore from ₹157.32 crore in the same quarter last fiscal year.
RITES Ltd rose 14.80% mirroring broader buying trend in railway related shares. Titagarh Rail Systems (12.72%), Garden Reach Shipbuilders and Engineers (10.09%), Data Patterns (9.75%) and Anant Raj (8.85%) were also among the gainers.
On the contrary, Godfrey Philips was among the top losers, the stock fell 5% to close at ₹8,718 a day after the company reported its financial results for the quarter ended March 31, 2025 (Q4 FY25).
The cigarette maker on Thursday reported a 30.73% rise in its consolidated net profit to ₹293.96 crore in the March quarter of FY25.
The company had posted a net profit of ₹224.86 crore during the January-March period a year ago, according to a regulatory filing from Godfrey Phillips India, the flagship company of Modi Enterprises.
Neuland Labs (-6.91%), HFCL (-1.84%), Piramal Pharma (-1.73%) and Zensar Technologies (-1.65%) were among the losers.
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