Top gainers and losers on September 4: Bajaj Finance, M&M, Apollo Hospitals shares rise over 2%; check full list

The Indian equity benchmarks came off intraday highs to end higher for second straight session on Thursday, September 4. The benchmarks staged a gap up opening after the government overhauled Goods and Services Tax (GST) regime. The SENSEX rose as much as 889 points and NIFTY50 index touched an intraday high of 24,980 but profit booking in the second half of the session wiped out most of intraday gains. The SENSEX ended 150 points higher at 80,718 and NIFTY50 index advanced 19 points to close at 24,734.

NIFTY50 top gainers and losers

Mahindra & Mahindra was top gainer in the NIFTY50 index, the stock rose 5.9% to close at ₹3,480 after GST Council lowered tax rate on tractors to 5% and also lowered tax rate on cars to 18% from 28%.

Bajaj Finance (4.1%), Apollo Hospitals (2%), Bajaj Finserv (1.88%) and Nestle India (1.39%) were also among the gainers.

On the flipside, HDFC Life was top loser in the NIFTY50 index, the stock fell 2.82% to close at ₹754.55 after reports suggested that the insurance companies are unlikely to benefit from getting exempt from GST as they will not get benefit from input tax credit.   Tata Consumer Products (-2.75%), IndusInd Bank (-1.71%), Wipro (-1.65%) and Maruti Suzuki (-1.65%) were also among the losers.

NIFTY Midcap 100 gainers and losers

NIFTY Midcap 100 index fell 0.67% or 386 points to close at 56,959. As many as 77 shares in the NIFTY Midcap 100 index ended lower while 23 ended higher.

Ola Electric shares fell 6.52% to close at ₹64.49 on account of profit booking after strong rally in the past few sessions.

Cochin Shipyard (-3.79%), Paytm (-3.32%), Max Financial Services (-3.03%) and Exide Industries (-3.01%) were also among the laggards.

On the other hand, Colgate Palmolive (3.28%), Vishal Mega Mart (3.21%), Jubilant FoodWorks (2.89%), IDFC First Bank (2.14%) and PB Fintech (2.02%) were among the gainers in the NIFTY Midcap 100 index.

NIFTY Smallcap 100 gainers and losers

NIFTY Smallcap 100 index fell 0.71% or 127 points to close at 17,622. As many as 74 shares in the NIFTY Smallcap 100 index ended lower.

Data Patterns was top loser in the NIFTY Smallcap 100 index, the stock fell 3.79% to close at ₹2,450. Garden Reach Shipbuilders (-3.77%), BEML (-3.74%), Swan Corp (-3.33%) and IRCON (-3.03%) were also among the losers.

On the contrary, Bata India (6.77%), Godfrey Philips (2.95%), Aster DM (2.72%), Devyani International (2.37%) and Redington India (2.09%) were among the gainers in the NIFTY Smallcap 100 index.