Top gainers and losers on September 18: Shriram Finance, Bajaj Finance among NIFTY movers; TCS major dragger

Benchmark indices SENSEX and NIFTY closed in the red on Wednesday, September 18, after hitting record highs in intraday trade amid the wait for the US Fed meeting outcome.

NIFTY50 index closed at 25,377, down by 41 points, or 0.16%. The benchmark index fell to an intraday low of 25,285. NIFTY had touched a record high level at 25,482.2 intraday.

The BSE SENSEX closed flat at 82,948, down by 131 points or 0.16%. The index oscillated between an intraday low of 82,700 and a fresh high level of 83,326.

Among sectoral indices, NIFTY Financial Services was the top gainer, with an index gain of 1.4%. NIFTY IT and NIFTY Pharma emerged as the top drags, closing in the red, lower by up to 3.05%.

Out of the total 50 NIFTY constituents, 33 closed in the negative territory dragged by TCS, Infosys and HCL Technologies.

Shriram Finance and Bajaj Finance emerge as top NIFTY gainers

Among other NIFTY constituents, ICICI Bank, SBI Life Insurance Company and State Bank of India closed higher by up to 1.38% on September 18.

TCS and Infosys emerge as top losers

Information Technology companies emerged as the top drags among NIFTY constituents. The IT stocks declined ahead of the US Federal Reserve's meeting, which could kick-start the rate cut cycle.

Bajaj Auto,Sun Pharma and ONGC also emerged as losers among other NIFTY stocks, declining up to 1.65%.