Top gainers and losers on May 7: Tata Motors, Jio Financial Services, Bajaj Finance rise over 2%; check full list

The Indian equity benchmarks ended Wednesday's rangebound session on a positive note led by gains in index heavyweights like Tata Motors, HDFC Bank, Bajaj Finance, Mahindra & Mahindra, Kotak Mahindra Bank and Eternal. The SENSEX recovered as much as 907 points from day's lowest level and NIFTY50 index touched an intraday high of 24,449.60 after hitting low of 24,220. The SENSEX ended 106 points higher at 80,746.78 and NIFTY50 index advanced 35 points to close at 24,414.40.

NIFTY50 top gainers and losers

As many as 26 shares in the NIFTY50 index ended higher. Tata Motors was top gainer in the NIFTY50 basket of shares, the stock rose 5.18% to close at ₹681.80 after the company on Tuesday, in its exchange filing, said that 99.99% of its eligible voters voted in favour of the composite scheme of arrangement between Tata Motors Limited, TML Commercial Vehicles Limited and Tata Motors Passenger Vehicles Limited and their respective shareholders.

Another reason why Tata Motors shares gained today is the signing of a trade deal between India and the UK.

The deal opens massive export opportunities for labour-intensive industries and key sectors such as engineering goods, auto parts and engines, and organic chemicals, the Indian government said in a press release.

Jio Financial Services (2.11%), Bajaj Finance (2.04%), Shriram Finance (1.85%) and Eternal (1.65%) were also among the gainers.

On the flipside, Asian Paints was top loser in the NIFTY50 basket of shares. The stock fell 3.97% to close at ₹2,322 a day ahead of its earnings announcement.

Sun Pharma (-2.10%), Bajaj Auto (-1.26%), ITC (-1.24%) and Grasim (-1.14%) were also among the losers.

NIFTY Midcap 100 gainers and losers

NIFTY Midcap 100 index advanced 1.59% or 852 points to close at 54,287.75. As many as 83 shares in the NIFTY Midcap 100 index ended higher while 17 closed lower.

Paytm was top gainer in the NIFTY Midcap 100 index, the stock rose 7.19% to close at ₹873.40 after its loss narrowed to ₹540 crore in January-March quarter from loss of ₹550 crore in the same period last year. Its revenue from operations declined 16% in the fourth quarter of the financial year 2024-25 to ₹1,911 crore as against ₹2,267 crore registered in the year-ago period.

BSE Ltd., shares rose 6.81% to close at ₹6,670 after its net profit in March quarter rose 364.43% year-on-year to ₹493.04 crore compared to ₹106.06 crore in Q4FY24.

Its revenue from operations rose 75% annually to ₹846.64 crore in Q4FY25, as against ₹483.95 crore in the year-ago period.

The company recommended final dividend of ₹23 per share.

Bharat Forge (4.76%), Aditya Birla Capital (4.33%) and SRF (4.19%) were also among the gainers.

On the other hand, Vishal Mega Mart was top loser, in the NIFTY Midcap 100 index, the stock fell 5.10% to close at ₹118.80. Bharat Dynamics (-4.90%), Mazagon Dock (-4.70%), HUDCO (-1.81%) and Patanjali Foods (-1.28%) were also among the laggards.

NIFTY Smallcap 100 gainers and losers

NIFTY Smallcap 100 index rose 1.38% or 223 points to close at 16,417.95. As many as 77 shares in the NIFTY Smallcap 100 index ended higher. Welspun Living was top gainer in the NIFTY Smallcap 100 index, the stock surged 13% to close at ₹136.20 on the back of heavy volumes and broad-based buying interest in textile stocks after India and UK signed a landmark trade deal. As per the deal textile exports will attract nil duty under the free trade agreement between the two nations.

Piramal Enterprises rose 7.93% to close at ₹1,039.15 after its Piramal Enterprises net profit more than doubled to ₹102 crore in January-March quarter from ₹38.56 crore in the previous quarter. During the quarter its assets under management rose 17% annually to ₹80,689 crore.

IIFL (7.45%), PG Electroplast (6.28%) and KFIN Technologies (5.98%) were also among the gainers.

On the contrary, Radico Khaitan fell 3.71% to close at ₹2,443 after free trade agreement between India and UK called for lowering duty on scotch whisky to 75% from 150%. Godfrey Philips (-2.88%), Chambal Fertilisers (-2.57%), Aadhaar Housing Finance (-2.41%) and JBM Auto (-1.89%) were also among the laggards.