Top gainers and losers on November 7: Bharti Airtel, Tata Consumer Products, Tech Mahindra shares fall over 1.87%; check full list

The Indian equity benchmarks fell for a third straight session on Friday, November 7, amid weak global cues. The SENSEX fell as much as 640 points and NIFTY50 index touched an intraday low of 25,318 dragged down by losses in index heavyweights like Bharti Airtel, Reliance Industries, ITC, HDFC Bank, State Bank of India, Hindustan Unilever and Tata Consultancy Services before staging recovery in late morning deals owing to buying interest in ICICI Bank, Bajaj Finance, Mahindra & Mahindra and Infosys.

The SENSEX ended 95 points lower at 83,216 and NIFTY50 index declined 17 points to close at 25,492.

NIFTY50 top gainers and losers

Bharti Airtel was to loser in the NIFTY50 index, the stock fell 4.46% to close at ₹2,001 on the back of multiple block deals and higher than usual trading volumes.

According to media reports, Singapore’s Singtel was likely the seller. Citing sources, CNBC TV18 on Thursday reported that Singapore Telecommunications Ltd (Singtel) is likely to offload around a 0.8% stake in Bharti Airtel.

The report stated that the total block deal size is estimated at ₹10,300 crore, with a floor price of ₹2,030 per share—a 3.1% discount to the company’s prevailing market price.

Tata Consumer Products (-1.97%), Tech Mahindra (-1.87%), Apollo Hospitals (-1.89%) and IndiGo (-1.55%) were also among the losers in the NIFTY50 index.

On the flipside, Shriram Finance was top gainer in the NIFTY50 index, the stock rose 3.81% to close at ₹817.70. Bajaj Finance (2.66%), Adani Enterprises (2.61%), Tata Steel (2.39%) and Bajaj Finserv (2.27%) were also among the gainers.

NIFTY Midcap 100 gainers and losers

NIFTY Midcap 100 index rose 0.63% to close at 59,843. As many as 62 shares ended higher while 38 closed lower.

L&T Finance was top gainer in the NIFTY Midcap 100 index, the stock rose 10.65% to close at ₹304 after the company said that its retail finance jumped 39% to ₹8,009 crore.

BSE (8.61%), Vodafone Idea (3.67%), Premiere Energies (3.46%) and Hitachi India (3.46%) were also among the gainers.

On the other hand, Suzlon (-3.54%), Bharti Hexacom (-3.47%), Waaree Energies (-2.85%), Godrej Properties (-2.49%) and Mankind Pharma (-1.78%) were losers in the NIFTY Midcap 100 index.

NIFTY Smallcap 100 gainers and losers

NIFTY Smallcap 100 index declined 0.16% or 29 points to close at 18,075. As many as 63 shares ended lower while 37 closed higher.

Amber Enterprises was top loser in the NIFTY Smallcap 100 index, the stock dropped 7% to close at ₹7,282 after the company reported a net loss in the the September quarter against a profit in the same period last year.

Amber Enterprises post-market hours on Thursday reported a loss of ₹33 crore in the second quarter of the current financial year against a net profit of ₹19 crore in the same period last year. The company’s loss came on the back of weak performance by the room air conditioner vertical.

Its revenue from operations declined 2% in Q2 to ₹1,647 crore from ₹1,685 crore a year earlier.

Devyani International (-5.15%), Cholamandalam Financial Holdings (-4.59%), Reliance Power (-4.5%) and PG Electroplast (-3.61%) were also laggards in the NIFTY Samllcap 100 index.

On the contrary, Swan Corp (7.2%), Angel One (4.93%), KFin Tech (4.1%), Radico Khaitan (3.83%) and GE Shipping (3.51%) were top gainers in the NIFTY Smallcap 100 index.