Top gainers and losers, September 15: BEL tumbles 5%, Shriram Finance falls 4%, HCLTech rises 5%; check list

The index had opened in the green. However, the market swung into the red zone.

On Friday, the foreign institutional investors (FIIs) sold shares worth ₹930.90 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹1,968.17 crore on a net basis, according to exchange data.

On September 15, both the benchmark indices closed at their intraday lows, with the SENSEX falling 777.94 points or 1.04% to end at 74,003.82. Meanwhile, NIFTY50 ended at 23,118.60, reflecting a 279.50-point or 1.19% decline.

NIFTY50 top gainers and losers

Bharat Electronics Ltd (BEL) dragged the NIFTY50 index, slipping 5.30%, amid a decline in the NIFTY India defence index.

It was followed by Shriram Finance (-4.43%), Adani Enterprises (-4.18%), InterGlobe Aviation (IndiGo) (-3.48%) and Grasim Industries (-3.23%), which were among the top losers on Tuesday.

On the other hand, shares of HCL Technologies closed 4.47% higher after the company extended its partnership with CrowdStrike. The partnership expansion is aimed at advancing AI security and resilience by integrating CrowdStrike Falcon Guardian with HCLTech’s AI Security and Resilience services.

Infosys (3.70%), Tata Consultancy Services (TCS) (2.79%), Tech Mahindra (2.37%) and Wipro (1.46%) were among the other top gainers.

Infosys, TCS, Tech Mahindra and Wipro stocks surged amid a rise in the NIFTY IT index. The Indian information technology (IT) sector stocks soared on Tuesday after the head of AI company Anthropic called for the pace of development of artificial intelligence (AI) models to slow down and to be closely monitored.

Dario Amodei wrote in an online essay that developing AI was not in question, but that the risks associated with it were "serious" and that companies and governments must be given time to address them. The bosses of two rival AI firms, Sam Altman of OpenAI and Elon Musk, have both said they agree with Amodei.

NIFTY Midcap 100 top gainers and losers

NSE’s NIFTY Midcap 100 gauge dropped 2.12% or 1,318.95 points to close at 60,878.25 on September 15.

The top laggards included GE Vernova T&D India (-6.62%), SBI Cards and Payment Services (-5.59%), Prestige Estates Projects (-5.41%), GMR Airports (-5.11%) and Godrej Properties (-5.07%).

On the flip side, the top winners were Tata Investment Corporation (9.85%), MphasiS (3.62%), Dabur India (2.37%), Tata Elxsi (1.68%) and KPIT Technologies (1.67%).

Shares of Tata Investment Corporation and Tata Elxsi rose, mirroring gains in other Tata Group-owned companies on expectations of value unlocking after the Reserve Bank of India (RBI) rejected Tata Sons' application to ‌de-register as a non-banking finance company (NBFC), reviving prospects of a stock market listing for the holding firm.

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap 100 index ended at 19,422.45, down by 2.43% or 483.85 points.

The top losers included Welspun Corp (-10.26%), Data Patterns (-9.24%), Netweb Technologies India (-8.38%), IFCI (-6.02%) and Ather Energy (-5.28%).

On the contrary, Tata Chemicals (19.99%), Firstsource Solutions (15.11%), Zensar Technologies (4.17%), Afcons Infrastructure (3.59%) and Inventurus Knowledge Solutions (2.26%) were among the top gainers.