Top gainers and losers on Nov 9: SBI, Trent up 2%, Nestle gains 1.9%; Tata Steel, HCL Tech drop over 2% among top movers

NSE data showed that after a turbulent session, the NIFTY50 index ended 0.23% higher at 25,044.65 points on Monday’s market, in comparison to 24,986.40 points at the previous equity market close.

The BSE SENSEX closed 0.13% higher at 81,106.65 points after the trading session on November 9, in comparison to 80.999.40 points at the previous equity market close, as per the exchange data.

Although the indices ended higher, the visible concern among investors was towards the elevated oil prices and the sustainability factor of FII buying in Indian equities at a time when the beaten-down global tech stocks are available at a cheaper rate than before after a one-week selloff.

Stocks like SBI, Trent, Nestle India, and NTPC were among others leading the pack of top gainers on Monday’s market, while major stocks like Tata Steel, HCL Tech, Ultratech Cement, and ITC kept the downward pressure on the indices.

Top NIFTY50 gainers & losers today

NSE data showed that State Bank of India, Trent, Nestle India, NTPC, Larsen & Toubro, and HDFC Bank were the top six gainers on the NIFTY50 index, which supported the benchmark index to close higher on Monday’s market.

State Bank of India gained 2.5%, Trent gained 2%, Nestle India gained 1.9%, NTPC gained 1.8%, Larsen & Toubro gained 1.8%, and HDFC Bank gained 1.7% on Nov 9.

Others like Tata Steel, HCL Tech, Ultratech Cement, ITC, Bajaj Finance, and Infosys were among the top laggards during the trading session on Monday.

Tata Steel shares lost 2.8%, HCL Tech lost 2.4%, Ultratech Cement lost 1.7%, ITC lost 1.6%, Bajaj Finance lost 1.5%, and Infosys declined 1.5% on Monday’s market, as per NSE data.

Out of the 50 stocks listed in the NIFTY50 index, 21 stocks ended in the green zone, while the remaining 28 stocks closed in the red territory subject to profit booking and selling pressure from investors.

Midcap & smallcap movers today

Midcap stocks like IREDA (up 7.4%), Exide Industries up 5%, Bank of India (up 4.5%), Indian Bank up 4.3% and Cochin Shipyard up 4.3% were among the top gainers on the NIFTY Midcap 100 index during the trading session on Monday.

Others like Jubilant Foodworks (down 5%), Mphasis (down 2.7%), Apar Industries (down 2.4%), and Swiggy (down 2.2%) were among the top losers.

On the smallcaps front, stocks like Data Patterns India (up 8.6%), Sai Life (up 5.2%), Gland Pharma (up 4.8%), Aegis Logistics (up 4.6%), and PG Electroplast (up 3.8%) were among the top gainers on Nov 9.

Others like R R Kabel down 7.4%, TD Power down 6.4%, Sterlite Tech down 5%, and HFCL down 4.8% were among the top laggards on November 9.